Eco-Tek Group (Eco-Tek Group) Inventory Turnover : 3.07 (As of Sep. 2013)

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What is Eco-Tek 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. Eco-Tek Group's Cost of Goods Sold for the three months ended in Sep. 2013 was $0.06 Mil. Eco-Tek Group's Average Total Inventories for the quarter that ended in Sep. 2013 was $0.02 Mil. Eco-Tek Group's Inventory Turnover for the quarter that ended in Sep. 2013 was 3.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eco-Tek Group's Days Inventory for the three months ended in Sep. 2013 was 29.69.

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. Eco-Tek Group's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.15.

Eco-Tek Group Inventory Turnover Historical Data

The historical data trend for Eco-Tek 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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Eco-Tek Group Inventory Turnover Chart

Eco-Tek Group Annual Data

Trend

Jun09

Jun10

Jun11

Dec12

Inventory Turnover

15.64

Eco-Tek 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															1.85	3.10	2.05	2.54	3.07

Eco-Tek Group Inventory Turnover Calculation

Eco-Tek 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: Jun. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	0.219	/ (	(0	+	0.014)	/	1 )
=	0.219	/	0.014
=	15.64

Eco-Tek 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 )
=	0.063	/ (	(0.014	+	0.027)	/	2 )
=	0.063	/	0.0205
=	3.07

Eco-Tek Group (OTCPK:ETEK) 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.

Eco-Tek 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
	=	0.0205	/	0.063	*	365 / 4
	=	29.69

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.

Eco-Tek 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 )
	=	0.0205	/	0.137
	=	0.15

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.

Eco-Tek Group Inventory Turnover Related Terms

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Eco-Tek Group (Eco-Tek Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eco-Tek Group Inc (OTCPK:ETEK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1910 Thomes Avenue, Cheyenne, WY, USA, 82001

Website

https://www.emergentcompliance.com

Eco-Tek Group Inc is a shell company. The company currently has no operations.

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