Helo (HLOC) Inventory Turnover : 0.03 (As of Sep. 2023)

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What is Helo 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. Helo's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.16 Mil. Helo's Average Total Inventories for the quarter that ended in Sep. 2023 was $4.47 Mil. Helo's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Helo's Days Inventory for the three months ended in Sep. 2023 was 2,614.66.

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. Helo's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.50.

Helo Inventory Turnover Historical Data

The historical data trend for Helo'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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Helo Inventory Turnover Chart

Helo Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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77.14

68.91

38.82

Helo Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun22	Sep22	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	33.66	-	-0.19	0.03

Helo Inventory Turnover Calculation

Helo's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	3.882	/ (	(0	+	0.1)	/	1 )
=	3.882	/	0.1
=	38.82

Helo's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.156	/ (	(4.453	+	4.487)	/	2 )
=	0.156	/	4.47
=	0.03

Helo (OTCPK:HLOC) 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.

Helo's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	4.47	/	0.156	*	365 / 4
	=	2,614.66

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.

Helo's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4.47	/	1.276
	=	3.50

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.

Helo Inventory Turnover Related Terms

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Helo (HLOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Helo Corp (OTCPK:HLOC) » Definitions » Inventory Turnover

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Address

180 Steuart Street, Suite 192750, San Francisco, CA, USA, 94119

Website

https://www.helocorp.com

Helo Corp is a life-sensing technology company. The company designs, manufactures and sells connected, next-generation, wearable devices, and mobile products. It designs and sells its own range of integrated mobile technology products such as SPACE Wireless smartphones and Helo smart bands. These products are manufactured by third-party factories in China. It also provides mobile telecom services to consumers through exclusive sales agreements with regional third-party distributors across the world.