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NoFire Technologies (NoFire Technologies) Inventory Turnover : 1.84 (As of May. 2010)


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What is NoFire Technologies 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. NoFire Technologies's Cost of Goods Sold for the three months ended in May. 2010 was $0.18 Mil. NoFire Technologies's Average Total Inventories for the quarter that ended in May. 2010 was $0.10 Mil. NoFire Technologies's Inventory Turnover for the quarter that ended in May. 2010 was 1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NoFire Technologies's Days Inventory for the three months ended in May. 2010 was 49.68.

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. NoFire Technologies's Inventory-to-Revenue for the quarter that ended in May. 2010 was 0.35.


NoFire Technologies Inventory Turnover Historical Data

The historical data trend for NoFire Technologies'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.

* Premium members only.

NoFire Technologies Inventory Turnover Chart

NoFire Technologies Annual Data
Trend Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.60 2.64 5.59 1.97 2.38

NoFire Technologies Quarterly Data
Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.59 0.71 1.20 1.84

NoFire Technologies Inventory Turnover Calculation

NoFire Technologies's Inventory Turnover for the fiscal year that ended in Aug. 2009 is calculated as

Inventory Turnover (A: Aug. 2009 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2009 ) / ((Total Inventories (A: Aug. 2008 ) + Total Inventories (A: Aug. 2009 )) / count )
=0.483 / ((0.203 + 0.203) / 2 )
=0.483 / 0.203
=2.38

NoFire Technologies's Inventory Turnover for the quarter that ended in May. 2010 is calculated as

Inventory Turnover (Q: May. 2010 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2010 ) / ((Total Inventories (Q: Feb. 2010 ) + Total Inventories (Q: May. 2010 )) / count )
=0.18 / ((0.091 + 0.105) / 2 )
=0.18 / 0.098
=1.84

* 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.


NoFire Technologies  (OTCPK:NFTI) 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.

NoFire Technologies's Days Inventory for the three months ended in May. 2010 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2010 )/Cost of Goods Sold (Q: May. 2010 )*Days in Period
=0.098/0.18*365 / 4
=49.68

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.

NoFire Technologies's Inventory to Revenue for the quarter that ended in May. 2010 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2010 ) / Revenue (Q: May. 2010 )
=0.098 / 0.281
=0.35

* 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.


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.


NoFire Technologies Inventory Turnover Related Terms

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NoFire Technologies (NoFire Technologies) Business Description

Traded in Other Exchanges
N/A
Address
5 James Street, South Hackensack, NJ, USA, 07606
NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.
Executives
Andrew H Tisch 10 percent owner 667 MADISON AVE, NEW YORK NY 10021-8087

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