Inspire Veterinary Partners (Inspire Veterinary Partners) Inventory-to-Revenue : 0.12 (As of Mar. 2024)

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What is Inspire Veterinary Partners Inventory-to-Revenue?

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. Inspire Veterinary Partners's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.56 Mil. Inspire Veterinary Partners's Revenue for the three months ended in Mar. 2024 was $4.83 Mil. Inspire Veterinary Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Inspire Veterinary Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.17) to Dec. 2023 (0.12)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inspire Veterinary Partners's Days Inventory for the three months ended in Mar. 2024 was 13.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inspire Veterinary Partners's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.67.

Inspire Veterinary Partners Inventory-to-Revenue Historical Data

The historical data trend for Inspire Veterinary Partners's Inventory-to-Revenue 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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Inspire Veterinary Partners Inventory-to-Revenue Chart

Inspire Veterinary Partners Annual Data

Trend

Dec21

Dec22

Dec23

Inventory-to-Revenue

0.02

0.03

0.04

Inspire Veterinary Partners Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory-to-Revenue	Get a 7-Day Free Trial					0.14	0.15	0.17	0.17	0.12

Competitive Comparison of Inspire Veterinary Partners's Inventory-to-Revenue

For the Personal Services subindustry, Inspire Veterinary Partners's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Inspire Veterinary Partners's Inventory-to-Revenue Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Inspire Veterinary Partners's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Inspire Veterinary Partners's Inventory-to-Revenue falls into.

Inspire Veterinary Partners Inventory-to-Revenue Calculation

Inspire Veterinary Partners's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (0.582	+	0.572)	/	2 )	/	16.675
=	0.577					/	16.675
=	0.03

Inspire Veterinary Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

	Inventory-to-Revenue (Q: Mar. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Revenue (Q: Mar. 2024 )
=	( (0.572	+	0.546)	/	2 )	/	4.832
=	0.559					/	4.832
=	0.12

Inspire Veterinary Partners (NAS:IVP) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Inspire Veterinary Partners's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.559	/	3.726	*	365 / 4
	=	13.69

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Inspire Veterinary Partners's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	3.726	/	0.559
	=	6.67

Inspire Veterinary Partners Inventory-to-Revenue Related Terms

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Inspire Veterinary Partners (Inspire Veterinary Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Inspire Veterinary Partners Inc (NAS:IVP) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Lynnhaven Parkway, Suite 400 Virginia Beach, Virginia, Virginia Beach, VA, USA, 23452

Website

Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States. The company specializes in small animal general practice hospitals which serve all manner of companion pets, emphasizing canine and feline breeds.

Executives

Alexander Lawrence	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Charles Stith Keiser	director, officer: Chief Operating Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Erinn Thomas-mackey	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Kimball Carr	director, officer: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, VA 23452
Peter Lau	director	P.O. BOX 1237, SPRINGDALE AR 72765
Anne Murphy	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Wilderness Trace Veterinary Partners, Llc	other: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Timothy Watters	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Suprock Louis John	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Richard Frank	officer: Chief Financial Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, FL 23452