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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. Lightwave Logic's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Lightwave Logic's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lightwave Logic's Days Inventory for the three months ended in Mar. 2024 was 0.00.
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. Lightwave Logic's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.
The historical data trend for Lightwave Logic'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.
Lightwave Logic Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Lightwave Logic Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Lightwave Logic's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 0.003 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.003 | / | 0 | ||||
= | N/A |
Lightwave Logic's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 0.005 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.005 | / | 0 | ||||
= | N/A |
* 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.
Lightwave Logic (NAS:LWLG) 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.
Lightwave Logic'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 | / | 0.005 | * | 365 / 4 | |
= | 0.00 |
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.
Lightwave Logic's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 0 | / | 0.03 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of Lightwave Logic's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick J Leonberger | director | C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409 |
Ronald A Bucchi | director | C/O FIRST CONNECTICUT BANCORP, INC., ONE FARM GLEN BOULEVARD, FARMINGTON CT 06032 |
Laila Partridge | director | 78 BLANCHARD ROAD, BURLINGTON MA 01803 |
Siraj Nour El-ahmadi | director | 4331 WOODCREST LANE, DALLAS TX 75206 |
Michael Stephen Lebby | director | 680 MISSION STREET, 24F, SAN FRANCISCO CA 94105 |
Craig Ciesla | director | 369 INVERNESS PARKWAY, SUITE 350, ENGLEWOOD CO 80112 |
Thomas Edward Zelibor | director | 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501 |
George Lauro | director | 110 KENSINGTON DRIVE, SARATOGA CA 02021 |
Louis Charles Glasgow | officer: Chief Technology Officer | 1693 YARDLEY DRIVE, WEST CHESTER PA 19380 |
Joseph A Miller | director | ONE RIVERFRONT PLZ, CORNING NY 14831 |
Goetz Frederick J Jr | director, 10 percent owner, officer: President | 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713 |
Phillips W Smith | director, officer: Chair of Board of Directors | 7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627 |
Thomas P Smith | director | 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627 |
James S. Marcelli | director, officer: Chief Executive Officer | 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501 |
Ross W. Fasick | director | 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713 |
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