Evraz Highveld Steel and Vanadium (Evraz Highveld Steel and Vanadium) Inventory Turnover : 1.44 (As of Sep. 2014)

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What is Evraz Highveld Steel and Vanadium 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. Evraz Highveld Steel and Vanadium's Cost of Goods Sold for the three months ended in Sep. 2014 was $121.1 Mil. Evraz Highveld Steel and Vanadium's Average Total Inventories for the quarter that ended in Sep. 2014 was $84.0 Mil. Evraz Highveld Steel and Vanadium's Inventory Turnover for the quarter that ended in Sep. 2014 was 1.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evraz Highveld Steel and Vanadium's Days Inventory for the three months ended in Sep. 2014 was 63.27.

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. Evraz Highveld Steel and Vanadium's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.74.

Evraz Highveld Steel and Vanadium Inventory Turnover Historical Data

The historical data trend for Evraz Highveld Steel and Vanadium'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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Evraz Highveld Steel and Vanadium Inventory Turnover Chart

Evraz Highveld Steel and Vanadium Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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3.86

4.57

4.78

5.48

4.77

Evraz Highveld Steel and Vanadium Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Inventory Turnover	Get a 7-Day Free Trial															1.37	1.12	1.45	1.90	1.44

Evraz Highveld Steel and Vanadium Inventory Turnover Calculation

Evraz Highveld Steel and Vanadium'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 )
=	481.274	/ (	(99.633	+	102.138)	/	2 )
=	481.274	/	100.8855
=	4.77

Evraz Highveld Steel and Vanadium's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

	Inventory Turnover (Q: Sep. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2014 )	/ (	(Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Sep. 2014 ))	/	count )
=	121.102	/ (	(78.77	+	89.165)	/	2 )
=	121.102	/	83.9675
=	1.44

Evraz Highveld Steel and Vanadium (OTCPK:HGVLY) 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.

Evraz Highveld Steel and Vanadium's Days Inventory for the three months ended in Sep. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2014 )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
	=	83.9675	/	121.102	*	365 / 4
	=	63.27

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.

Evraz Highveld Steel and Vanadium's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2014 )	/	Revenue (Q: Sep. 2014 )
	=	83.9675	/	113.095
	=	0.74

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.

Evraz Highveld Steel and Vanadium Inventory Turnover Related Terms

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Evraz Highveld Steel and Vanadium (Evraz Highveld Steel and Vanadium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Evraz Highveld Steel and Vanadium Ltd (OTCPK:HGVLY) » Definitions » Inventory Turnover

Traded in Other Exchanges

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Address

Website

http://www.evrazhighveld.co.za

Evraz Highveld Steel and Vanadium Ltd. is engaged in the production of integrated iron ore, steel and vanadium slag. It also produces rail, coiled plate, coiled strip, light and medium plate and cast billets. The Company operates in two business segments: Steel and Vanadium. The major products of the steel segment are magnetite iron ore, structural steel, plate and coil. The major products of the vanadium segment are vanadium slag and ferrovanadium. Vanadium slag is a by-product from the steelmaking process.

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