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Sutor Technology Group Ltd (NAS:SUTR)
Change In Inventory
$22.5 Mil (As of Mar. 2014)

Sutor Technology Group Ltd's change in inventory for the quarter that ended in Mar. 2014 was $22.5 Mil. It means Sutor Technology Group Ltd's inventory increased by $22.5 Mil from Dec. 2013 to Mar. 2014 .

Sutor Technology Group Ltd's change in inventory for the fiscal year that ended in Jun. 2013 was $-1.0 Mil. It means Sutor Technology Group Ltd's inventory declined by $1.0 Mil from Jun. 2012 to Jun. 2013 .

Sutor Technology Group Ltd's inventory for the quarter that ended in Mar. 2014 was $91.6 Mil. Sutor Technology Group Ltd's average inventory for the quarter that ended in Mar. 2014 was $103.0 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Sutor Technology Group Ltd's days inventory for the quarter that ended in Mar. 2014 was 105.25.

Inventory can be measured by Days Sales of Inventory (DSI). Sutor Technology Group Ltd's days sales of inventory (DSI) for the quarter that ended in Mar. 2014 was 97.25.

Inventory turnover measures how fast the company turns over its inventory within a year. Sutor Technology Group Ltd's inventory turnover for the quarter that ended in Mar. 2014 was 0.86.

Inventory to revenue ratio 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. Sutor Technology Group Ltd's inventory to revenue ratio for the quarter that ended in Mar. 2014 was 1.07.


Definition

Change In Inventory is the difference between last period’s ending inventory and the current period’s ending inventory.


Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sutor Technology Group Ltd's Days Inventory for the quarter that ended in Mar. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: Dec. 2013 )+Inventory (Q: Mar. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (114.409+91.593)/ 2 )/89.055*91
=103.001/89.055*91
=105.25

2. Inventory can be measured by Days Sales of Inventory (DSI).

Sutor Technology Group Ltd's Days Sales of Inventory for the quarter that ended in Mar. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=103.001/96.378*91
=97.25

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sutor Technology Group Ltd's Inventory Turnover for the quarter that ended in Mar. 2014 is calculated as

4. 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.

Sutor Technology Group Ltd's Inventory to Revenue for the quarter that ended in Mar. 2014 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=103.001 / 96.378
=1.07

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Inventory, Days Inventory, Cost of Goods Sold, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Sutor Technology Group Ltd Annual Data

Dec04Dec05Dec06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ChangeInInventory 0.00.00.0-9.1-24.619.94.2-3.8-3.2-1.0

Sutor Technology Group Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ChangeInInventory -34.99.633.7-12.75.3-6.813.2-54.6-6.622.5
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