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4DMedical (ASX:4DX) Inventory Turnover : 0.06 (As of Dec. 2023)


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What is 4DMedical 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. 4DMedical's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.05 Mil. 4DMedical's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.89 Mil. 4DMedical's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 4DMedical's Days Inventory for the six months ended in Dec. 2023 was 3,179.44.

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. 4DMedical's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.12.

4DMedical Inventory Turnover Historical Data

The historical data trend for 4DMedical'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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4DMedical Inventory Turnover Chart

4DMedical Annual Data
Trend Jun21 Jun22 Jun23
Inventory Turnover
0.60 9.97 0.10

4DMedical Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial 0.16 2.50 13.20 - 0.06

4DMedical Inventory Turnover Calculation

4DMedical's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=0.034 / ((0.002 + 0.665) / 2 )
=0.034 / 0.3335
=0.10

4DMedical's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=0.051 / ((0.665 + 1.112) / 2 )
=0.051 / 0.8885
=0.06

* 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.

4DMedical  (ASX:4DX) 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.

4DMedical's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.8885/0.051*365 / 2
=3,179.44

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.

4DMedical's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.8885 / 0.793
=1.12

* 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.

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.

4DMedical Inventory Turnover Related Terms

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4DMedical (ASX:4DX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » 4DMedical Ltd (ASX:4DX) » Definitions » Inventory Turnover
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Traded in Other Exchanges
FDMDF:USA
Address
700 Swanston Street, Level 7, Melbourne Connect, Carlton, VIC, AUS, 3053
Website
https://www.4dmedical.com
4DMedical Ltd is a company whose principal activities is medical research technology and the development of a non?invasive respiratory imaging solution using four?dimensional imaging. The four-dimensional lung imaging technology utilises mathematics models and algorithms to convert X-ray scans into quantitative data which helps the physicians to manage patients with respiratory diseases and diseases of the lung.

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