HQ Global Education (HQ Global Education) Inventory Turnover : 28.78 (As of Nov. 2011)

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What is HQ Global Education 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. HQ Global Education's Cost of Goods Sold for the three months ended in Nov. 2011 was $11.37 Mil. HQ Global Education's Average Total Inventories for the quarter that ended in Nov. 2011 was $0.40 Mil. HQ Global Education's Inventory Turnover for the quarter that ended in Nov. 2011 was 28.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HQ Global Education's Days Inventory for the three months ended in Nov. 2011 was 3.17.

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. HQ Global Education's Inventory-to-Revenue for the quarter that ended in Nov. 2011 was 0.02.

HQ Global Education Inventory Turnover Historical Data

The historical data trend for HQ Global Education'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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HQ Global Education Inventory Turnover Chart

HQ Global Education Annual Data

Trend

Feb08

Feb09

Aug10

Inventory Turnover

43.21

HQ Global Education Quarterly Data
	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11
Inventory Turnover	Get a 7-Day Free Trial											17.88	11.89	19.17	14.75	28.78

HQ Global Education Inventory Turnover Calculation

HQ Global Education's Inventory Turnover for the fiscal year that ended in Aug. 2010 is calculated as

	Inventory Turnover (A: Aug. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2010 )	/ (	(Total Inventories (A: Feb. 2009 )	+	Total Inventories (A: Aug. 2010 ))	/	count )
=	29.123	/ (	(0	+	0.674)	/	1 )
=	29.123	/	0.674
=	43.21

HQ Global Education's Inventory Turnover for the quarter that ended in Nov. 2011 is calculated as

	Inventory Turnover (Q: Nov. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2011 )	/ (	(Total Inventories (Q: Aug. 2011 )	+	Total Inventories (Q: Nov. 2011 ))	/	count )
=	11.367	/ (	(0.435	+	0.355)	/	2 )
=	11.367	/	0.395
=	28.78

HQ Global Education (OTCPK:HQGE) 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.

HQ Global Education's Days Inventory for the three months ended in Nov. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2011 )	/	Cost of Goods Sold (Q: Nov. 2011 )	*	Days in Period
	=	0.395	/	11.367	*	365 / 4
	=	3.17

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.

HQ Global Education's Inventory to Revenue for the quarter that ended in Nov. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2011 )	/	Revenue (Q: Nov. 2011 )
	=	0.395	/	17.912
	=	0.02

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.

HQ Global Education Inventory Turnover Related Terms

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HQ Global Education (HQ Global Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » HQ Global Education Inc (OTCPK:HQGE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 City Boulevard West, Suite 1700, Orange, CA, USA, 92868

Website

https://www.hqgeinc.com

HQ Global Education Inc is the provider of comprehensive film and TV production services. The company offers a wide array of film and TV production resources for small Indie productions through to full theatrical projects. Its products and services include film and television; producing; financing; and optioning.

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