Earth Science Tech (Earth Science Tech) Inventory Turnover : 4.66 (As of Dec. 2023)

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What is Earth Science Tech 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. Earth Science Tech's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.41 Mil. Earth Science Tech's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.30 Mil. Earth Science Tech's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Earth Science Tech's Days Inventory for the three months ended in Dec. 2023 was 19.57.

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. Earth Science Tech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Earth Science Tech Inventory Turnover Historical Data

The historical data trend for Earth Science Tech'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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Earth Science Tech Inventory Turnover Chart

Earth Science Tech Annual Data

Trend

Mar13

Mar14

Mar15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.22

2.75

2.38

1.05

2.70

Earth Science Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	2.60	1.27	4.77	4.66

Earth Science Tech Inventory Turnover Calculation

Earth Science Tech's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.027	/ (	(0	+	0.01)	/	1 )
=	0.027	/	0.01
=	2.70

Earth Science Tech'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.413	/ (	(0.211	+	0.395)	/	2 )
=	1.413	/	0.303
=	4.66

Earth Science Tech (OTCPK:ETST) 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.

Earth Science Tech's Days Inventory for the three 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
	=	0.303	/	1.413	*	365 / 4
	=	19.57

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.

Earth Science Tech'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 )
	=	0.303	/	3.79
	=	0.08

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.

Earth Science Tech Inventory Turnover Related Terms

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Earth Science Tech (Earth Science Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Earth Science Tech Inc (OTCPK:ETST) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

8950 SW 74th CT, Suite 101, Miami, FL, USA, 33156

Website

https://www.earthsciencetech.com

Earth Science Tech Inc is a diversified holding company. Currently, the company is focused on emerging prospects in the health and wellness industry.

Executives

Giorgio R. Saumat	director	449 ESPLANADE DR, MIAMI SPRINGS FL 33166
Majorca Group, Ltd.	10 percent owner	1621 CENTRAL AVE, CHEYENNE WY 90501
David Barbash	officer: Chief Sales Officer	109 SWIFT CREEK CROSSING, DURHAM NC 27713
Nickolas Salomon Tabraue	director, officer: President & Chairman	4100 SALZEDO STREET, UNIT 420, CORAL GABLES FL 33146
Wendell Hecker	officer: CFO	2606 NW 104 TH AVE #410, SUNRISE FL 33322
Gregg Gagan Hunter	director, officer: COO & Director	774 86TH STREET, MIAMI FL 33138
Michel Aube	officer: CEO & CSO	8837,RUE DE CHAMP D'EAU, MONTR?AL A8 HIP 3A6
Matthew Cohen	officer: CEO & CFO	1702 COSTA DEL SOL, BOCA RATON FL 33432
Thomas H Wright	director, officer: Chief Operating Officer	1600 SOUTH DIXIE HWY., SUITE 300, BOCA RATON FL 33432
Harvey Katz	officer: CEO	2255 GLADES ROAD, #324A, BOCA RATON FL 33431
Issa El-cheikh	director, officer: President	40 EAST MAIN STREET #998, NEWARK DE 19711
Great Lakes Holdings Group, Llc	10 percent owner	3825 HUNTINGTON AVENUE, WINDSOR A6 N9E3N4