Milestone Scientific (Milestone Scientific) Inventory Turnover : 0.21 (As of Mar. 2024)

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What is Milestone Scientific 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. Milestone Scientific's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.57 Mil. Milestone Scientific's Average Total Inventories for the quarter that ended in Mar. 2024 was $2.75 Mil. Milestone Scientific's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Milestone Scientific's Days Inventory for the three months ended in Mar. 2024 was 437.78.

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. Milestone Scientific's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.22.

Milestone Scientific Inventory Turnover Historical Data

The historical data trend for Milestone Scientific'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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Milestone Scientific Inventory Turnover Chart

Milestone Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.50

0.90

2.02

2.34

1.37

Milestone Scientific 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															0.37	0.48	0.24	0.29	0.21

Milestone Scientific Inventory Turnover Calculation

Milestone Scientific'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 )
=	3.034	/ (	(1.792	+	2.638)	/	2 )
=	3.034	/	2.215
=	1.37

Milestone Scientific'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 )
=	0.573	/ (	(2.638	+	2.86)	/	2 )
=	0.573	/	2.749
=	0.21

Milestone Scientific (AMEX:MLSS) 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.

Milestone Scientific'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
	=	2.749	/	0.573	*	365 / 4
	=	437.78

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.

Milestone Scientific'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 )
	=	2.749	/	2.249
	=	1.22

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.

Milestone Scientific Inventory Turnover Related Terms

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Milestone Scientific (Milestone Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Milestone Scientific Inc (AMEX:MLSS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Eagle Rock Avenue, Roseland, NJ, USA, 07068

Website

https://www.milestonescientific.com

Milestone Scientific Inc is engaged in pioneering proprietary, technological systems, and solutions for the medical and dental markets. It develops, manufactures, markets and sells the computer-controlled system for the improved and painless delivery of local anesthetic. The system is marketed in dentistry under the trademark CompuDent and in medicine under the trademark CompuMed. In addition, the company provides The Wand, a handpiece that allows dentists to provide painless injections for virtually various dental procedures, including routine cleanings and fillings, as well as implants, root canals, and crowns. The Company conducts its business through two reportable segments: Dental and Medical. Geographically all the operations of the firm function through the region of the U.S.

Executives

Peter J Milligan	officer: President	1650 TYSONS BOULEVARD, SUITE 1700, MCLEAN VA 22102
Neal I Goldman	director	170 SOUTHPORT DRIVE, MORRISVILLE NC 27560
Leslie Bernhard	director	C/O ADSTAR, INC., 488 S. ROYAL LANE, COPPELL TX 75019
Benedetta I Casamento	director	200 CAMPUS DRIVE, FLORHAM PARK NJ 07932
Leonard Osser	director, 10 percent owner, officer: CEO
Leonard M Schiller	director
Scott L. Kahn	officer: Chief Financial Officer	425 EAGLE ROCK AVENUE, SUITE 403, ROSELAND NJ 07068
Giandomenico Trombetta	director, 10 percent owner	CORSO VENEZIA 44, MILAN L6 20121
Joseph D'agostino	officer: CFO & COO	C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039
Jan Adriaan Haverhals	officer: President	110 WHITE ROCK ROAD, APT. 3304, VERONA NJ 07044
Brent W Johnston	officer: President	C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE SUITE 102, LIVINGSTON NJ 07039
Michael Mcgeehan	director	C/O MILESTONE SCIENTIFIC INC, LIVINGSTON NJ 07039
Edward J. Zelnick	director	C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039
Daniel S Goldberger	officer: President and CEO	24 CARPENTER ROAD, CHESTER NY 10918
Bp4 S.r.l.	director, 10 percent owner, officer: See Remarks	CORSO VENEZIA 44, MILAN L6 20121