Inventory Turns definition

Inventory Turns means as to any Performance Period the ratio of four times cost of goods sold for the Performance Period to inventory on the last day of the Performance Period, in each case calculated in accordance with GAAP.

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Inventory Turns means the ratio of total cost of goods sold on a historical basis to average net inventory. This ratio may be adjusted for special charges, if any.

Inventory Turns shall refer to the minimum inventory turns rate, calculated by dividing Manufacturer facility total annualized “Product Revenue” (product invoices issued by a Manufacturer facility to Hyperfine under this Agreement within the measurement period) by the “Total Inventory” (all Authorized Purchases plus work in process and finished goods per Orders at the end of the measurement period). For example, if the measurement period is one calendar quarter, the current quarter-end Product Revenue is $[***] and Total Inventory is $[***], then ($[***] x [***]qtrs)/$[***] = [***] Inventory Turns.

Examples of Inventory Turns in a sentence

Such contract amendments and/or modifications may include adjustments to Product pricing, materials inventory handling, buffer, flexibility, availability, and other provision modification(s) or any combination thereof designed to meet Inventory Turns.
Thereafter, the Parties shall mutually agree in writing to prepayment against Total Inventory and/or to those contract amendments and/or modifications required to meet the agreed Inventory Turns in the most recent calendar quarter as well as the next calendar quarter.
Pursuant to Section 6.2(b) of the Credit Agreement, as of the Reporting Date, the Borrower’s Inventory Turns Ratio was to 1:00 which o satisfies o does not satisfy the requirement that such ratio be no less than 3.00 to 1.00 on the Reporting Date.
Notwithstanding anything to the contrary in this Agreement, failure to achieve Inventory Turns in the most recent or next calendar quarter following such written notice shall constitute a material breach by Hyperfine of this Agreement.
For example, if the measurement period is one calendar quarter, the current quarter-end Product Revenue is $[***] and Total Inventory is $[***], then ($[***] x [***]qtrs)/$[***] = [***] Inventory Turns.
The Borrower will maintain, on a rolling twelve-month basis, determined as at the end of each fiscal quarter, an Inventory Turns Ratio of not less than 3.0 to 1.0.
If any calendar quarter’s Inventory Turns falls below the agreed rate, then Manufacturer shall provide written notice of such to Hyperfine.
Effective upon the execution date of the agreement, a ten percent (10%) increase will be added to all salaries of employees who are on the District payroll on the execution date of the Agreement, inclusive of any inflationary increase provided for in RCW 28A.400.205, retroactive to September 1, 2021.
DARKPULSE acknowledges that for SANMINA to meet its obligations under this Agreement, SANMINA shall procure Components subject to DARKPULSE’s Orders and Forecast and it will procure and inventory those Components to support the agreed to level of Agreed Inventory Turns identified in Exhibit A.
In addition to the foregoing, Kmart will pay Cardinal for any other differences in the aggregate between the Inventory Turns Schedule and Kmart's financial records.

More Definitions of Inventory Turns

Inventory Turns shall refer to the minimum inventory turns rate, calculated by dividing Manufacturer facility total annualized “Product Revenue” (product invoices issued by a Manufacturer facility to Butterfly under this Agreement within the measurement period) by the “Total Inventory” (all Authorized Purchases plus work in process and finished goods per Orders at the end of the measurement period). For example, if the measurement period is one calendar quarter, the current quarter-end Product Revenue is $[***] and Total Inventory is $[***], then ($[***] x [***]qtrs)/$[***] = [***] Inventory Turns. [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

Inventory Turns means as to any Performance Period the ratio of four times cost of goods sold for the Performance Period to inventory on the

Inventory Turns means [...];

Inventory Turns shall refer to the minimum inventory turns rate, calculated by dividing Benchmark facility total annualized “Product Revenue” (product invoices issued by a Benchmark facility to Customer under this Agreement within the measurement period) by the “Total Inventory” (all Authorized Purchases plus work in process and finished goods per Orders at the end of the measurement period). For example, [***].

Inventory Turns means Inventory turns measured monthly for the prior 90 days COGS and ending inventory.