Tuscany International Drilling, (FRA:TS1) Inventory Turnover : 1.63 (As of Mar. 2014)

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What is Tuscany International Drilling, 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. Tuscany International Drilling,'s Cost of Goods Sold for the three months ended in Mar. 2014 was €18.2 Mil. Tuscany International Drilling,'s Average Total Inventories for the quarter that ended in Mar. 2014 was €11.2 Mil. Tuscany International Drilling,'s Inventory Turnover for the quarter that ended in Mar. 2014 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tuscany International Drilling,'s Days Inventory for the three months ended in Mar. 2014 was 56.01.

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. Tuscany International Drilling,'s Inventory-to-Revenue for the quarter that ended in Mar. 2014 was 0.45.

Tuscany International Drilling, Inventory Turnover Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Inventory Turnover Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

18.48

15.38

9.80

7.35

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Inventory Turnover	Get a 7-Day Free Trial															1.54	2.24	1.74	2.08	1.63

Tuscany International Drilling, Inventory Turnover Calculation

Tuscany International Drilling,'s Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	93.118	/ (	(14.223	+	11.104)	/	2 )
=	93.118	/	12.6635
=	7.35

Tuscany International Drilling,'s Inventory Turnover for the quarter that ended in Mar. 2014 is calculated as

	Inventory Turnover (Q: Mar. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2014 )	/ (	(Total Inventories (Q: Dec. 2013 )	+	Total Inventories (Q: Mar. 2014 ))	/	count )
=	18.231	/ (	(11.104	+	11.275)	/	2 )
=	18.231	/	11.1895
=	1.63

Tuscany International Drilling, (FRA:TS1) 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.

Tuscany International Drilling,'s Days Inventory for the three months ended in Mar. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2014 )	/	Cost of Goods Sold (Q: Mar. 2014 )	*	Days in Period
	=	11.1895	/	18.231	*	365 / 4
	=	56.01

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.

Tuscany International Drilling,'s Inventory to Revenue for the quarter that ended in Mar. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2014 )	/	Revenue (Q: Mar. 2014 )
	=	11.1895	/	24.778
	=	0.45

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.

Tuscany International Drilling, Inventory Turnover Related Terms

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Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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