AXIL Brands (AXIL Brands) Inventory Turnover : 0.64 (As of Feb. 2024)

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What is AXIL Brands 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. AXIL Brands's Cost of Goods Sold for the three months ended in Feb. 2024 was $1.85 Mil. AXIL Brands's Average Total Inventories for the quarter that ended in Feb. 2024 was $2.90 Mil. AXIL Brands's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AXIL Brands's Days Inventory for the three months ended in Feb. 2024 was 143.30.

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. AXIL Brands's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.45.

AXIL Brands Inventory Turnover Historical Data

The historical data trend for AXIL Brands'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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AXIL Brands Inventory Turnover Chart

AXIL Brands Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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1.88

1.74

1.62

2.14

7.11

AXIL Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.83	1.29	0.86	0.98	0.64

AXIL Brands Inventory Turnover Calculation

AXIL Brands's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	5.81	/ (	(0.323	+	1.312)	/	2 )
=	5.81	/	0.8175
=	7.11

AXIL Brands's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	1.845	/ (	(2.352	+	3.443)	/	2 )
=	1.845	/	2.8975
=	0.64

AXIL Brands (AMEX:AXIL) 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.

AXIL Brands's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	2.8975	/	1.845	*	365 / 4
	=	143.30

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.

AXIL Brands's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	2.8975	/	6.469
	=	0.45

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.

AXIL Brands Inventory Turnover Related Terms

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AXIL Brands (AXIL Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AXIL Brands Inc (AMEX:AXIL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 S Fremont Avenue, Unit 158, Alhambra, CA, USA, 91803

Website

https://www.reviveprocare.com

Reviv3 Procare Co is engaged in manufacturing, marketing, sale and distribution of professional quality hair and skin care products under various trademarks and brands. It distributes its trademark products throughout the United States, Canada, Europe and Asia. The company sells hair and skincare products under its brand which includes seven distinct products. The hair care products consist of PREP shampoo, PRIME conditioner, and TREAT maintenance care. BOOST is designed to deliver nutrients and increase circulation to the scalp, MEND Deep Hair Repair Mask for added moisture and PROTECT, a heat protectant product to prevent damage from irons and dryers. The company is engaged in expanding its business-to-business salon sales through its network of domestic and international distributors.

Executives

Nancy Hundt	director	C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON STREET, CITY OF INDUSTRY CA 91748
Jeff Toghraie	director, 10 percent owner, officer: Chairman, CEO	C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON ST, INDUSTRY CA 91748
Monica Diaz Brickell	officer: Chief Financial Officer	901 FREMONT AVE., UNIT 158 AND 168, ALHAMBRA CA 92024
Jeffrey B. Brown	officer: Chief Operating Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Meenu Jain	officer: Chief Financial Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Christopher Go	officer: Chief Financial Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Donald Starace	officer: President	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Intrepid Global Advisors, Inc.	10 percent owner	325 N. MAPLE DRIVE, #5114, BEVERLY HILLS CA 90210
Shircoo, Inc.	10 percent owner	2350 ALLVIEW TERRACE EAST, LOS ANGELES CA 90068