Sofwave Medical (XTAE:SOFW) Inventory Turnover : 0.73 (As of Jun. 2024)

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What is Sofwave Medical Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Sofwave Medical's Cost of Goods Sold for the three months ended in Jun. 2024 was ₪13.2 Mil. Sofwave Medical's Average Total Inventories for the quarter that ended in Jun. 2024 was ₪18.1 Mil. Sofwave Medical's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sofwave Medical's Days Inventory for the three months ended in Jun. 2024 was 124.65.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sofwave Medical's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.33.

Sofwave Medical Inventory Turnover Historical Data

The historical data trend for Sofwave Medical's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sofwave Medical Inventory Turnover Chart

Sofwave Medical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.73

19.26

5.25

3.08

2.86

Sofwave Medical Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial								0.62	0.67	-	0.66	0.73

Sofwave Medical Inventory Turnover Calculation

Sofwave Medical's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	48.537	/ (	(15.226	+	18.668)	/	2 )
=	48.537	/	16.947
=	2.86

Sofwave Medical's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	13.214	/ (	(18.645	+	17.457)	/	2 )
=	13.214	/	18.051
=	0.73

Sofwave Medical (XTAE:SOFW) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sofwave Medical's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	18.051	/	13.214	*	365 / 4
	=	124.65

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sofwave Medical's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	18.051	/	55.375
	=	0.33

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Sofwave Medical Inventory Turnover Related Terms

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Sofwave Medical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sofwave Medical Ltd (XTAE:SOFW) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Oak Medtech, Tavor, Alon Medtech Venture, Yokneam Illit, ISR, 2069200

Website

https://sofwave.com

Sofwave Medical Ltd is engaged in the development, marketing, and production of non-invasive technology for skin rejuvenation and firming treatment.

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