Maiden Lane Jewelry (Maiden Lane Jewelry) Inventory Turnover : 0.68 (As of Nov. 2015)

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What is Maiden Lane Jewelry 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. Maiden Lane Jewelry's Cost of Goods Sold for the three months ended in Nov. 2015 was $1.71 Mil. Maiden Lane Jewelry's Average Total Inventories for the quarter that ended in Nov. 2015 was $2.53 Mil. Maiden Lane Jewelry's Inventory Turnover for the quarter that ended in Nov. 2015 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maiden Lane Jewelry's Days Inventory for the three months ended in Nov. 2015 was 135.03.

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. Maiden Lane Jewelry's Inventory-to-Revenue for the quarter that ended in Nov. 2015 was 1.30.

Maiden Lane Jewelry Inventory Turnover Historical Data

The historical data trend for Maiden Lane Jewelry'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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Maiden Lane Jewelry Inventory Turnover Chart

Maiden Lane Jewelry Annual Data

Trend

May13

May14

May15

Inventory Turnover

2.22

2.83

Maiden Lane Jewelry Quarterly Data
	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15
Inventory Turnover	Get a 7-Day Free Trial								1.04	0.70	0.65	0.69	0.68

Maiden Lane Jewelry Inventory Turnover Calculation

Maiden Lane Jewelry's Inventory Turnover for the fiscal year that ended in May. 2015 is calculated as

	Inventory Turnover (A: May. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2015 )	/ (	(Total Inventories (A: May. 2014 )	+	Total Inventories (A: May. 2015 ))	/	count )
=	6.638	/ (	(2.095	+	2.589)	/	2 )
=	6.638	/	2.342
=	2.83

Maiden Lane Jewelry's Inventory Turnover for the quarter that ended in Nov. 2015 is calculated as

	Inventory Turnover (Q: Nov. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2015 )	/ (	(Total Inventories (Q: Aug. 2015 )	+	Total Inventories (Q: Nov. 2015 ))	/	count )
=	1.709	/ (	(3.055	+	2.003)	/	2 )
=	1.709	/	2.529
=	0.68

Maiden Lane Jewelry (OTCPK:MDNL) 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.

Maiden Lane Jewelry's Days Inventory for the three months ended in Nov. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2015 )	/	Cost of Goods Sold (Q: Nov. 2015 )	*	Days in Period
	=	2.529	/	1.709	*	365 / 4
	=	135.03

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.

Maiden Lane Jewelry's Inventory to Revenue for the quarter that ended in Nov. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2015 )	/	Revenue (Q: Nov. 2015 )
	=	2.529	/	1.947
	=	1.30

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.

Maiden Lane Jewelry Inventory Turnover Related Terms

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Maiden Lane Jewelry (Maiden Lane Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Maiden Lane Jewelry Ltd (OTCPK:MDNL) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

64 West 48th Street, Suite 1107, New York, NY, USA, 10036

Website

http://www.myromantique.com

Maiden Lane Jewelry Ltd is engaged in producing engagement rings and other diamond jewelry to retailers across the United States. The company's significant feature consists of ASPIRI collection of bridal engagement rings which includes both a center diamond and setting. In addition, it is also a wholesaler and manufacturer of jewelry which includes pendants, bracelets, and earrings. The company's primary sales contain complete engagement rings with a focus on bridal jewelry featuring uniquely cut stones and settings.

Executives

Michael I Wirth

officer: CEO

1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019

Maiden Lane Jewelry (Maiden Lane Jewelry) Headlines

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