Wireless Xcessories Group (Wireless Xcessories Group) Inventory Turnover : 1.65 (As of Dec. 2007)

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What is Wireless Xcessories Group 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. Wireless Xcessories Group's Cost of Goods Sold for the three months ended in Dec. 2007 was $3.55 Mil. Wireless Xcessories Group's Average Total Inventories for the quarter that ended in Dec. 2007 was $2.15 Mil. Wireless Xcessories Group's Inventory Turnover for the quarter that ended in Dec. 2007 was 1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wireless Xcessories Group's Days Inventory for the three months ended in Dec. 2007 was 55.24.

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. Wireless Xcessories Group's Inventory-to-Revenue for the quarter that ended in Dec. 2007 was 0.40.

Wireless Xcessories Group Inventory Turnover Historical Data

The historical data trend for Wireless Xcessories Group'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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Wireless Xcessories Group Inventory Turnover Chart

Wireless Xcessories Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Inventory Turnover

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4.40

5.66

7.47

7.40

6.51

Wireless Xcessories Group Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Inventory Turnover	Get a 7-Day Free Trial															1.78	2.11	2.45	1.82	1.65

Wireless Xcessories Group Inventory Turnover Calculation

Wireless Xcessories Group's Inventory Turnover for the fiscal year that ended in Dec. 2007 is calculated as

	Inventory Turnover (A: Dec. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2007 )	/ (	(Total Inventories (A: Dec. 2006 )	+	Total Inventories (A: Dec. 2007 ))	/	count )
=	14.845	/ (	(2.088	+	2.473)	/	2 )
=	14.845	/	2.2805
=	6.51

Wireless Xcessories Group's Inventory Turnover for the quarter that ended in Dec. 2007 is calculated as

	Inventory Turnover (Q: Dec. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2007 )	/ (	(Total Inventories (Q: Sep. 2007 )	+	Total Inventories (Q: Dec. 2007 ))	/	count )
=	3.545	/ (	(1.819	+	2.473)	/	2 )
=	3.545	/	2.146
=	1.65

Wireless Xcessories Group (OTCPK:WIRX) 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.

Wireless Xcessories Group's Days Inventory for the three months ended in Dec. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2007 )	/	Cost of Goods Sold (Q: Dec. 2007 )	*	Days in Period
	=	2.146	/	3.545	*	365 / 4
	=	55.24

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.

Wireless Xcessories Group's Inventory to Revenue for the quarter that ended in Dec. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2007 )	/	Revenue (Q: Dec. 2007 )
	=	2.146	/	5.329
	=	0.40

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.

Wireless Xcessories Group Inventory Turnover Related Terms

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Wireless Xcessories Group (Wireless Xcessories Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wireless Xcessories Group Inc (OTCPK:WIRX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1840 County Line Road, Suite 212, Huntingdon Valley, PA, USA, 19006

Website

http://www.wirexgroup.com

Wireless Xcessories Group Inc is a supplier of accessories for wireless products, Bluetooth products, OEM products and pouches across the US and worldwide. Its typical customer is a multi-location dealer, master agent, franchiser, or distributor, located in Canada and the Caribbean. Its product line consists of more than 5,000 items covering over 200 different handsets. It sources, designs, creates and markets more than 30 category items.

Executives

Brazdley T Macdonald

director

3316 SERENITY WAY, OWINGS MILLS MD 21117

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