Amfil Technologies (Amfil Technologies) Inventory Turnover : 9.70 (As of Jun. 2023)

View and export this data going back to . Start your Free Trial

What is Amfil Technologies 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. Amfil Technologies's Cost of Goods Sold for the six months ended in Jun. 2023 was $2.28 Mil. Amfil Technologies's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.23 Mil. Amfil Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 was 9.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Amfil Technologies's Days Inventory for the six months ended in Jun. 2023 was 18.81.

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. Amfil Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Amfil Technologies Inventory Turnover Historical Data

The historical data trend for Amfil Technologies'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.

* Premium members only.

Amfil Technologies Inventory Turnover Chart

Amfil Technologies Annual Data

Trend

Jun03

Jun04

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun22

Jun23

Inventory Turnover

Get a 7-Day Free Trial

17.34

12.92

6.76

9.70

Amfil Technologies Semi-Annual Data
	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial									-	17.34	12.92	6.76	9.70

Amfil Technologies Inventory Turnover Calculation

Amfil Technologies'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 )
=	2.275	/ (	(0.23	+	0.239)	/	2 )
=	2.275	/	0.2345
=	9.70

Amfil Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	2.275	/ (	(0.23	+	0.239)	/	2 )
=	2.275	/	0.2345
=	9.70

Amfil Technologies (OTCPK:FUNN) 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.

Amfil Technologies's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.2345	/	2.275	*	365 / 2
	=	18.81

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.

Amfil Technologies's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.2345	/	9.009
	=	0.03

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.

Amfil Technologies Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Amfil Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Amfil Technologies (Amfil Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Amfil Technologies Inc (OTCPK:FUNN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Bloor St W, Toronto, ON, CAN, M6G 1K4

Website

https://www.amfiltech.com

Amfil Technologies Inc is engaged in the acquisition of mid-sized companies and optimizing their operations. The company through its subsidiaries is engaged in the operation of board game-themed bars and cafes in Canada and the United States; it provides hardscape, landscape & home improvement construction services such as Driveways, Fencing, Painting, Winter Services, Demolition, & other services; and it is also engaged in providing of triple function sanitization unit capable of eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators like aphids, whiteflies, and spider mites, as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals.

Executives

Roger Francis Mortimer

director, 10 percent owner, officer: President

220 HIGHWAY 7, LOCUST HILL A6 L0H1J0