China Marine Food Group (China Marine Food Group) Inventory Turnover : 0.27 (As of Sep. 2013)

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What is China Marine Food 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. China Marine Food Group's Cost of Goods Sold for the three months ended in Sep. 2013 was $17.8 Mil. China Marine Food Group's Average Total Inventories for the quarter that ended in Sep. 2013 was $67.1 Mil. China Marine Food Group's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Marine Food Group's Days Inventory for the three months ended in Sep. 2013 was 343.48.

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. China Marine Food Group's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 2.62.

China Marine Food Group Inventory Turnover Historical Data

The historical data trend for China Marine Food 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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China Marine Food Group Inventory Turnover Chart

China Marine Food Group Annual Data

Trend

Dec00

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

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8.54

9.56

12.29

11.89

5.36

China Marine Food Group 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															0.67	0.85	0.27	0.31	0.27

China Marine Food Group Inventory Turnover Calculation

China Marine Food Group'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 )
=	121.487	/ (	(8.886	+	36.415)	/	2 )
=	121.487	/	22.6505
=	5.36

China Marine Food Group'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 )
=	17.83	/ (	(65.775	+	68.456)	/	2 )
=	17.83	/	67.1155
=	0.27

China Marine Food Group (OTCPK:CMFO) 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.

China Marine Food Group'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
	=	67.1155	/	17.83	*	365 / 4
	=	343.48

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.

China Marine Food Group'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 )
	=	67.1155	/	25.659
	=	2.62

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.

China Marine Food Group Inventory Turnover Related Terms

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China Marine Food Group (China Marine Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Marine Food Group Ltd (OTCPK:CMFO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Da Bao Industrial Zone, Shishi, Fujian, CHN, 362700

Website

http://www.china-marine.cn

China Marine Food Group Ltd is engaged in in the business of processing, distribution & sale of processed seafood-based snack foods, as well as the sale of fresh & frozen marine catch & ices. It also offers algae-based soft drinks.

Executives

Phil Frohlich	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529
Prescott Group Capital Management, L.l.c.	10 percent owner	1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429
Jayhawk Capital Management Llc	10 percent owner, other: 13(d) group owning >10%	13021 W 74TH ST, SHAWNEE KS 66216
Kent C Mccarthy	10 percent owner, other: Member 13(d) group owning >10%	930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451
Jayhawk Private Equity Fund L P	10 percent owner, other: 13(d) group owning >10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Co Invest Fund Lp	other: Member of the group	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Gp, L.p.	10 percent owner, other: 13(d) group owning >10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Hon Wai Ku	officer: Chief Financial Officer	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000