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AVVAA World Health Care Products (AVVAA World Health Care Products) Inventory Turnover : 1.26 (As of May. 2007)


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What is AVVAA World Health Care Products 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. AVVAA World Health Care Products's Cost of Goods Sold for the six months ended in May. 2007 was $0.45 Mil. AVVAA World Health Care Products's Average Total Inventories for the quarter that ended in May. 2007 was $0.35 Mil. AVVAA World Health Care Products's Inventory Turnover for the quarter that ended in May. 2007 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AVVAA World Health Care Products's Days Inventory for the six months ended in May. 2007 was 144.36.

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. AVVAA World Health Care Products's Inventory-to-Revenue for the quarter that ended in May. 2007 was 3.67.

AVVAA World Health Care Products Inventory Turnover Historical Data

The historical data trend for AVVAA World Health Care Products'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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AVVAA World Health Care Products Inventory Turnover Chart

AVVAA World Health Care Products Annual Data
Trend May00 May01 May02 May03 May04 May05 May06 May07
Inventory Turnover
Get a 7-Day Free Trial - - 0.03 0.12 1.26

AVVAA World Health Care Products Semi-Annual Data
May00 May01 May02 May03 May04 May05 May06 May07
Inventory Turnover Get a 7-Day Free Trial - - 0.03 0.12 1.26

AVVAA World Health Care Products Inventory Turnover Calculation

AVVAA World Health Care Products's Inventory Turnover for the fiscal year that ended in May. 2007 is calculated as

Inventory Turnover (A: May. 2007 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2007 ) / ((Total Inventories (A: May. 2006 ) + Total Inventories (A: May. 2007 )) / count )
=0.445 / ((0.352 + 0) / 1 )
=0.445 / 0.352
=1.26

AVVAA World Health Care Products's Inventory Turnover for the quarter that ended in May. 2007 is calculated as

Inventory Turnover (Q: May. 2007 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2007 ) / ((Total Inventories (Q: May. 2006 ) + Total Inventories (Q: May. 2007 )) / count )
=0.445 / ((0.352 + 0) / 1 )
=0.445 / 0.352
=1.26

* 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.

AVVAA World Health Care Products  (OTCPK:AVVH) 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.

AVVAA World Health Care Products's Days Inventory for the six months ended in May. 2007 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2007 )/Cost of Goods Sold (Q: May. 2007 )*Days in Period
=0.352/0.445*365 / 2
=144.36

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.

AVVAA World Health Care Products's Inventory to Revenue for the quarter that ended in May. 2007 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2007 ) / Revenue (Q: May. 2007 )
=0.352 / 0.096
=3.67

* 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.

AVVAA World Health Care Products Inventory Turnover Related Terms

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AVVAA World Health Care Products (AVVAA World Health Care Products) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AVVAA World Health Care Products Inc (OTCPK:AVVH) » Definitions » Inventory Turnover
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IVBT NSTB GPLB ASPR BOPO UBYH BOM:543385 PBAJ CVII AACT LSE:ADMR ANSC NETD WFHG SCRM RRAC IPXX HYAC JWSM TRTL
Traded in Other Exchanges
N/A
Address
1001 West Loop South, Suite 803, Houston, TX, USA, 77027
Website
https://www.avvaaworldhealth.com
AVVAA World Health Care Products Inc operates through its wholly-owned subsidiary, GoldQuest Capital, Inc. The company is a real estate lending company that specializes in the syndication of first lien, and asset-backed real estate mortgages in the residential, commercial, and industrial sectors.
Executives
Mark E Alden director, officer: V.P. Research and Development PO BOX 204, BRYN ATHYN PA 19009
James W Haney officer: V. P. MFG/Dist. Consultant 21 ERINDALE DR, MARLTON NJ 08053
Barbara Smith officer: Executive VP Sales & Marketing PO BOX 370, FALKLAND BC A1 V0E 1W0
John Stewart Farley director, 10 percent owner, officer: President and CEO PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Farley Lorie Dale Campbell 10 percent owner, officer: V.P. Animal Care Products PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Ronald James Reynolds officer: V.P. Manufacturing Dist./Can 9015 RUSSET DRIVE, COLDSTREAM A1 V1B 2B7
Charles Tait Austin director, officer: CFO and Secretary 13503 SUMNE LANE, VERNON, BRITISH COLUMBIA, A1 00000

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