Richland Resources International Group (Richland Resources International Group) Inventory Turnover : 0.00 (As of Dec. 2005)

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What is Richland Resources International Group 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. Richland Resources International Group's Cost of Goods Sold for the six months ended in Dec. 2005 was $0.00 Mil. Richland Resources International Group's Average Total Inventories for the quarter that ended in Dec. 2005 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Richland Resources International Group Inventory Turnover Historical Data

The historical data trend for Richland Resources International Group'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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Richland Resources International Group Inventory Turnover Chart

Richland Resources International Group Annual Data

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Inventory Turnover

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Richland Resources International Group Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Richland Resources International Group Inventory Turnover Calculation

Richland Resources International Group's Inventory Turnover for the fiscal year that ended in Dec. 2005 is calculated as

	Inventory Turnover (A: Dec. 2005 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2005 )	/ (	(Total Inventories (A: Dec. 2004 )	+	Total Inventories (A: Dec. 2005 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Richland Resources International Group's Inventory Turnover for the quarter that ended in Dec. 2005 is calculated as

	Inventory Turnover (Q: Dec. 2005 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2005 )	/ (	(Total Inventories (Q: Dec. 2004 )	+	Total Inventories (Q: Dec. 2005 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Richland Resources International Group (OTCPK:RIGG) 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.

Richland Resources International Group's Days Inventory for the six months ended in Dec. 2005 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2005 )	/	Cost of Goods Sold (Q: Dec. 2005 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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.

Richland Resources International Group's Inventory to Revenue for the quarter that ended in Dec. 2005 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2005 )	/	Revenue (Q: Dec. 2005 )
	=	0	/	0
	=

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.

Richland Resources International Group Inventory Turnover Related Terms

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Richland Resources International Group (Richland Resources International Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Richland Resources International Group Inc (OTCPK:RIGG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

3445 Lawrence Avenue, Oceanside, NY, USA, 11572

Website

http://www.nevtahoilsands.com

Richland Resources International Group Inc, formerly Nevtah Capital Management Corp is a development stage company.

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