Telestone Technologies (Telestone Technologies) Days Inventory : 472.09 (As of Dec. 2012)

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What is Telestone Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Telestone Technologies's Average Total Inventories for the three months ended in Dec. 2012 was $8.23 Mil. Telestone Technologies's Cost of Goods Sold for the three months ended in Dec. 2012 was $1.59 Mil. Hence, Telestone Technologies's Days Inventory for the three months ended in Dec. 2012 was 472.09.

The historical rank and industry rank for Telestone Technologies's Days Inventory or its related term are showing as below:

TSTC's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 102.555
* Ranked among companies with meaningful Days Inventory only.

Telestone Technologies's Days Inventory increased from Dec. 2011 (26.75) to Dec. 2012 (472.09). It might indicate that Telestone Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Telestone Technologies's Inventory Turnover for the three months ended in Dec. 2012 was 0.19.

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. Telestone Technologies's Inventory-to-Revenue for the three months ended in Dec. 2012 was 1.49.

Telestone Technologies Days Inventory Historical Data

The historical data trend for Telestone Technologies's Days Inventory 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.

* Premium members only.

Telestone Technologies Days Inventory Chart

Telestone Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

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169.00

54.15

18.97

29.77

70.14

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Days Inventory	Get a 7-Day Free Trial															26.75	71.50	83.19	90.02	472.09

Competitive Comparison of Telestone Technologies's Days Inventory

For the Communication Equipment subindustry, Telestone Technologies's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Telestone Technologies's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telestone Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Telestone Technologies's Days Inventory falls into.

Telestone Technologies Days Inventory Calculation

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

Telestone Technologies's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (6.755	+	6.301)	/	2 )	/	33.971	*	365
=	6.528					/	33.971	*	365
=	70.14

Telestone Technologies's Days Inventory for the quarter that ended in Dec. 2012 is calculated as:

	Days Inventory (Q: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2012 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
=	( (10.151	+	6.301)	/	2 )	/	1.59	*	365 / 4
=	8.226					/	1.59	*	365 / 4
=	472.09

Telestone Technologies (OTCPK:TSTC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Telestone Technologies's Inventory Turnover for the three months ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.59	/	8.226
	=	0.19

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.

Telestone Technologies's Inventory to Revenue for the three months ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.226	/	5.526
	=	1.49

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Telestone Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Telestone Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Telestone Technologies (Telestone Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telestone Technologies Corp (OTCPK:TSTC) » Definitions » Days Inventory

Traded in Other Exchanges

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Address

Website

http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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