Hydromer (Hydromer) Inventory Turnover : 4.60 (As of Dec. 2022)

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What is Hydromer 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. Hydromer's Cost of Goods Sold for the three months ended in Dec. 2022 was $0.69 Mil. Hydromer's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.15 Mil. Hydromer's Inventory Turnover for the quarter that ended in Dec. 2022 was 4.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hydromer's Days Inventory for the three months ended in Dec. 2022 was 19.82.

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. Hydromer's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.18.

Hydromer Inventory Turnover Historical Data

The historical data trend for Hydromer'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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Hydromer Inventory Turnover Chart

Hydromer Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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2.81

6.56

12.50

13.35

11.99

Hydromer Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															6.30	3.99	2.76	2.21	4.60

Hydromer Inventory Turnover Calculation

Hydromer's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	1.931	/ (	(0.11	+	0.212)	/	2 )
=	1.931	/	0.161
=	11.99

Hydromer's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	0.686	/ (	(0.202	+	0.096)	/	2 )
=	0.686	/	0.149
=	4.60

Hydromer (OTCPK:HYDI) 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.

Hydromer's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.149	/	0.686	*	365 / 4
	=	19.82

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.

Hydromer's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.149	/	0.848
	=	0.18

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.

Hydromer Inventory Turnover Related Terms

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Hydromer (Hydromer) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hydromer Inc (OTCPK:HYDI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4715 Corporate Drive NW, Suite 200, Concord, NC, USA, 28027

Website

https://www.hydromer.com

Hydromer Inc is a polymer research and development company. The company is engaged in the business of inventing, developing, patenting, licensing, manufacturing and selling hydrophilic polymer-based products and services. Its segment includes Industrial and Medical. The company generates maximum revenue from services. Geographically, it derives a majority of revenue from the United States.

Executives

Martin C Dyck	officer: Executive Vice President
George A Ziets	director	C/O HYDROMER, INC., 35 INDUSTRIAL PARKWAY, BRANCHBURG NJ 08876
John S Konar	officer: V.P. Quality Assurnce	35 INDUSTRIAL PARKWAY, BRANCHBURG NJ 08876
Michael F Ryan	director	35 INDUSTRIAL PARKWAY, BRANCHBURG NJ 08876
Maxwell Borow	director
Fredrick L Perl	director
Meckeler Klaus J H	director
Robert H Bea	director
Dieter Heinemann	director, 10 percent owner
Vrsula M Dyck	director
Manfred F Dyck	director, 10 percent owner, officer: President and CEO
Gaylord E Mckissick	director