Qian Yuan Baixing (Qian Yuan Baixing) Inventory Turnover : 2.57 (As of Sep. 2011)

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What is Qian Yuan Baixing 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. Qian Yuan Baixing's Cost of Goods Sold for the three months ended in Sep. 2011 was $2.32 Mil. Qian Yuan Baixing's Average Total Inventories for the quarter that ended in Sep. 2011 was $0.90 Mil. Qian Yuan Baixing's Inventory Turnover for the quarter that ended in Sep. 2011 was 2.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qian Yuan Baixing's Days Inventory for the three months ended in Sep. 2011 was 35.51.

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. Qian Yuan Baixing's Inventory-to-Revenue for the quarter that ended in Sep. 2011 was 0.34.

Qian Yuan Baixing Inventory Turnover Historical Data

The historical data trend for Qian Yuan Baixing'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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Qian Yuan Baixing Inventory Turnover Chart

Qian Yuan Baixing Annual Data

Trend

Aug06

Aug07

Dec08

Dec09

Dec10

Inventory Turnover

14.30

19.97

17.60

Qian Yuan Baixing Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Inventory Turnover	Get a 7-Day Free Trial															5.38	4.34	3.33	2.43	2.57

Qian Yuan Baixing Inventory Turnover Calculation

Qian Yuan Baixing's Inventory Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Inventory Turnover (A: Dec. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2010 )	/ (	(Total Inventories (A: Dec. 2009 )	+	Total Inventories (A: Dec. 2010 ))	/	count )
=	11.298	/ (	(0.224	+	1.06)	/	2 )
=	11.298	/	0.642
=	17.60

Qian Yuan Baixing's Inventory Turnover for the quarter that ended in Sep. 2011 is calculated as

	Inventory Turnover (Q: Sep. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2011 )	/ (	(Total Inventories (Q: Jun. 2011 )	+	Total Inventories (Q: Sep. 2011 ))	/	count )
=	2.319	/ (	(0.969	+	0.836)	/	2 )
=	2.319	/	0.9025
=	2.57

Qian Yuan Baixing (OTCPK:QYBX) 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.

Qian Yuan Baixing's Days Inventory for the three months ended in Sep. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2011 )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
	=	0.9025	/	2.319	*	365 / 4
	=	35.51

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.

Qian Yuan Baixing's Inventory to Revenue for the quarter that ended in Sep. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2011 )	/	Revenue (Q: Sep. 2011 )
	=	0.9025	/	2.642
	=	0.34

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.

Qian Yuan Baixing Inventory Turnover Related Terms

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Qian Yuan Baixing (Qian Yuan Baixing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Qian Yuan Baixing Inc (OTCPK:QYBX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Union Street, Suite 4200, Seattle, WA, USA, 98101

Website

http://www.mdcorp.com

Qian Yuan Baixing Inc is a shell Company.

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