Lihua International (Lihua International) Inventory Turnover : 11.00 (As of Dec. 2013)

View and export this data going back to 2009. Start your Free Trial

What is Lihua International 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. Lihua International's Cost of Goods Sold for the three months ended in Dec. 2013 was $196.9 Mil. Lihua International's Average Total Inventories for the quarter that ended in Dec. 2013 was $17.9 Mil. Lihua International's Inventory Turnover for the quarter that ended in Dec. 2013 was 11.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lihua International's Days Inventory for the three months ended in Dec. 2013 was 8.30.

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. Lihua International's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.08.

Lihua International Inventory Turnover Historical Data

The historical data trend for Lihua International'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.

* Premium members only.

Lihua International Inventory Turnover Chart

Lihua International Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

Get a 7-Day Free Trial

13.83

18.31

35.47

45.84

54.32

Lihua International Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial															11.49	10.02	10.85	9.21	11.00

Lihua International Inventory Turnover Calculation

Lihua International'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 )
=	814.328	/ (	(17.844	+	12.141)	/	2 )
=	814.328	/	14.9925
=	54.32

Lihua International's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	196.857	/ (	(23.651	+	12.141)	/	2 )
=	196.857	/	17.896
=	11.00

Lihua International (OTCPK:LIWA) 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.

Lihua International's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	17.896	/	196.857	*	365 / 4
	=	8.30

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.

Lihua International's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	17.896	/	217.333
	=	0.08

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.

Lihua International Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Lihua International's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Lihua International (Lihua International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lihua International Inc (OTCPK:LIWA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Houxiang Five Star Industry District, Danyang City, Jiangsu, CHN, 212312

Website

http://www.lihuaintl.com

Lihua International Inc develops, designs, manufactures, markets and distributes copper products. Its products are Copper anode, Copper rod and Copper wire, Cable and Magnet wire and Copper clad aluminium superfine wire. The company operates mainly in China. Its customers include large copper cathode producers in China, down stream manufacturers including fine and superfine wire processors, small and micro-electronic motor manufacturers.

Executives

Robert C Bruce	director	56 EVERGREEN DRIVE, PORTLAND ME 04103
Yang Yu	officer: EVP of Finance	561 XIAN FENG ROAD, HARBIN HEILONGJIANG XX 1540000
Michael Rapp	director, 10 percent owner, officer: President	712 FIFTH AVENUE, 49TH FLOOR, NEW YORK NY 10019
Philip Wagenheim	director, 10 percent owner, officer: Secretary	712 FIFTH AVENUE, 49TH FLOOR, NEW YORK NY 10019
Chapman Clifford W. Jr.	director, 10 percent owner	10 WARREN AVENUE, SPRING LAKE NJ 07762

Lihua International (Lihua International) Headlines

From GuruFocus

Security Analysis Part II - Lihua International, Inc. Fraud or Hidden Value?

By Ryan Aeschlimann Ryan Aeschlimann • 05-15-2011

Chinese Reverse Merger Stocks: Are They All Fraudulent?

By theaesch • 04-25-2011

Security Analysis - Lihua International, Inc.

By Ryan Aeschlimann Ryan Aeschlimann • 05-15-2011