QRS Music Technologies (QRS Music Technologies) Inventory Turnover : 0.30 (As of Mar. 2007)

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What is QRS Music Technologies 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. QRS Music Technologies's Cost of Goods Sold for the three months ended in Mar. 2007 was $2.31 Mil. QRS Music Technologies's Average Total Inventories for the quarter that ended in Mar. 2007 was $7.67 Mil. QRS Music Technologies's Inventory Turnover for the quarter that ended in Mar. 2007 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QRS Music Technologies's Days Inventory for the three months ended in Mar. 2007 was 303.32.

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. QRS Music Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2007 was 2.34.

QRS Music Technologies Inventory Turnover Historical Data

The historical data trend for QRS Music Technologies'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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QRS Music Technologies Inventory Turnover Chart

QRS Music Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Inventory Turnover

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2.01

2.33

2.34

2.07

1.51

QRS Music Technologies Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
Inventory Turnover	Get a 7-Day Free Trial															0.35	0.36	0.34	0.45	0.30

QRS Music Technologies Inventory Turnover Calculation

QRS Music Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2006 is calculated as

	Inventory Turnover (A: Jun. 2006 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2006 )	/ (	(Total Inventories (A: Jun. 2005 )	+	Total Inventories (A: Jun. 2006 ))	/	count )
=	12.224	/ (	(7.912	+	8.273)	/	2 )
=	12.224	/	8.0925
=	1.51

QRS Music Technologies's Inventory Turnover for the quarter that ended in Mar. 2007 is calculated as

	Inventory Turnover (Q: Mar. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2007 )	/ (	(Total Inventories (Q: Dec. 2006 )	+	Total Inventories (Q: Mar. 2007 ))	/	count )
=	2.307	/ (	(7.711	+	7.626)	/	2 )
=	2.307	/	7.6685
=	0.30

QRS Music Technologies (OTCPK:QRSM) 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.

QRS Music Technologies's Days Inventory for the three months ended in Mar. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2007 )	/	Cost of Goods Sold (Q: Mar. 2007 )	*	Days in Period
	=	7.6685	/	2.307	*	365 / 4
	=	303.32

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.

QRS Music Technologies's Inventory to Revenue for the quarter that ended in Mar. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2007 )	/	Revenue (Q: Mar. 2007 )
	=	7.6685	/	3.274
	=	2.34

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.

QRS Music Technologies Inventory Turnover Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » Inventory Turnover

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Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

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