American Metal & Technology (American Metal & Technology) Inventory Turnover : 0.92 (As of Sep. 2010)

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What is American Metal & Technology 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. American Metal & Technology's Cost of Goods Sold for the three months ended in Sep. 2010 was $2.14 Mil. American Metal & Technology's Average Total Inventories for the quarter that ended in Sep. 2010 was $2.34 Mil. American Metal & Technology's Inventory Turnover for the quarter that ended in Sep. 2010 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Metal & Technology's Days Inventory for the three months ended in Sep. 2010 was 99.71.

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. American Metal & Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2010 was 0.78.

American Metal & Technology Inventory Turnover Historical Data

The historical data trend for American Metal & Technology'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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American Metal & Technology Inventory Turnover Chart

American Metal & Technology Annual Data

Trend

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul06

Dec07

Dec08

Dec09

Inventory Turnover

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13.81

15.74

2.74

American Metal & Technology Quarterly Data
	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.78	0.46	0.79	0.92

American Metal & Technology Inventory Turnover Calculation

American Metal & Technology's Inventory Turnover for the fiscal year that ended in Dec. 2009 is calculated as

	Inventory Turnover (A: Dec. 2009 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2009 )	/ (	(Total Inventories (A: Dec. 2008 )	+	Total Inventories (A: Dec. 2009 ))	/	count )
=	4.099	/ (	(1.08	+	1.908)	/	2 )
=	4.099	/	1.494
=	2.74

American Metal & Technology's Inventory Turnover for the quarter that ended in Sep. 2010 is calculated as

	Inventory Turnover (Q: Sep. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2010 )	/ (	(Total Inventories (Q: Jun. 2010 )	+	Total Inventories (Q: Sep. 2010 ))	/	count )
=	2.141	/ (	(2.194	+	2.485)	/	2 )
=	2.141	/	2.3395
=	0.92

American Metal & Technology (OTCPK:AMGY) 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.

American Metal & Technology's Days Inventory for the three months ended in Sep. 2010 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2010 )	/	Cost of Goods Sold (Q: Sep. 2010 )	*	Days in Period
	=	2.3395	/	2.141	*	365 / 4
	=	99.71

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.

American Metal & Technology's Inventory to Revenue for the quarter that ended in Sep. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2010 )	/	Revenue (Q: Sep. 2010 )
	=	2.3395	/	2.99
	=	0.78

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.

American Metal & Technology Inventory Turnover Related Terms

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American Metal & Technology (American Metal & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » American Metal & Technology Inc (OTCPK:AMGY) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, CHN, 100041

Website

http://www.amtg-usa.com

American Metal & Technology Inc through its subsidiaries is engaged in precision casting, machining, mold design and manufacturing in the People's Republic of China. It manufacture investment casting and machined products, including valves, pipe fittings, dispensers, machinery spare parts, water treatment parts, automotive and airplane accessories, electronic circuit boards for home appliances and motion controllers, and other equipment parts.

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