American Oriental Bioengineering (American Oriental Bioengineering) Inventory Turnover : 0.71 (As of Sep. 2013)

View and export this data going back to 1991. Start your Free Trial

What is American Oriental Bioengineering 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 Oriental Bioengineering's Cost of Goods Sold for the three months ended in Sep. 2013 was $14.8 Mil. American Oriental Bioengineering's Average Total Inventories for the quarter that ended in Sep. 2013 was $20.9 Mil. American Oriental Bioengineering's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Oriental Bioengineering's Days Inventory for the three months ended in Sep. 2013 was 128.79.

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 Oriental Bioengineering's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 1.17.

American Oriental Bioengineering Inventory Turnover Historical Data

The historical data trend for American Oriental Bioengineering'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.

American Oriental Bioengineering Inventory Turnover Chart

American Oriental Bioengineering Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

Get a 7-Day Free Trial

7.19

11.22

13.07

7.16

5.11

American Oriental Bioengineering Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Inventory Turnover	Get a 7-Day Free Trial															0.89	1.47	0.78	0.71	0.71

American Oriental Bioengineering Inventory Turnover Calculation

American Oriental Bioengineering's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	100.742	/ (	(18.89	+	20.571)	/	2 )
=	100.742	/	19.7305
=	5.11

American Oriental Bioengineering's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

	Inventory Turnover (Q: Sep. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2013 )	/ (	(Total Inventories (Q: Jun. 2013 )	+	Total Inventories (Q: Sep. 2013 ))	/	count )
=	14.828	/ (	(21.337	+	20.518)	/	2 )
=	14.828	/	20.9275
=	0.71

American Oriental Bioengineering (OTCPK:AOBI) 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 Oriental Bioengineering's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	20.9275	/	14.828	*	365 / 4
	=	128.79

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 Oriental Bioengineering's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	20.9275	/	17.936
	=	1.17

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 Oriental Bioengineering Inventory Turnover Related Terms

Thank you for viewing the detailed overview of American Oriental Bioengineering's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

American Oriental Bioengineering (American Oriental Bioengineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » American Oriental Bioengineering Inc (OTCPK:AOBI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Liangshuihe First Ave, Beijing E-Town, Economic and Technology Development Area, E-Town, Beijing, CHN, 100176

Website

American Oriental Bioengineering Inc is a manufacturer of pharmaceutical and healthcare products. Its product line encompasses prescription pharmaceutical products, over-the-counter pharmaceutical products and nutraceutical products.

Executives

Patti Cosimo J

director

AMERICAN ORIENTAL BIOENGINEERING, INC. 90 PARK AVENUE, 17TH FLOOR NEW YORK NY 10016

American Oriental Bioengineering (American Oriental Bioengineering) Headlines

No Headlines