Signature Eyewear (Signature Eyewear) Inventory Turnover : 0.44 (As of Apr. 2011)

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What is Signature Eyewear 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. Signature Eyewear's Cost of Goods Sold for the three months ended in Apr. 2011 was $1.73 Mil. Signature Eyewear's Average Total Inventories for the quarter that ended in Apr. 2011 was $3.95 Mil. Signature Eyewear's Inventory Turnover for the quarter that ended in Apr. 2011 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Signature Eyewear's Days Inventory for the three months ended in Apr. 2011 was 208.81.

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. Signature Eyewear's Inventory-to-Revenue for the quarter that ended in Apr. 2011 was 0.88.

Signature Eyewear Inventory Turnover Historical Data

The historical data trend for Signature Eyewear'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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Signature Eyewear Inventory Turnover Chart

Signature Eyewear Annual Data

Trend

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Inventory Turnover

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1.66

1.90

1.69

1.73

1.87

Signature Eyewear Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11
Inventory Turnover	Get a 7-Day Free Trial															0.59	0.47	0.47	0.47	0.44

Signature Eyewear Inventory Turnover Calculation

Signature Eyewear's Inventory Turnover for the fiscal year that ended in Oct. 2010 is calculated as

	Inventory Turnover (A: Oct. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2010 )	/ (	(Total Inventories (A: Oct. 2009 )	+	Total Inventories (A: Oct. 2010 ))	/	count )
=	7.635	/ (	(4.054	+	4.115)	/	2 )
=	7.635	/	4.0845
=	1.87

Signature Eyewear's Inventory Turnover for the quarter that ended in Apr. 2011 is calculated as

	Inventory Turnover (Q: Apr. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2011 )	/ (	(Total Inventories (Q: Jan. 2011 )	+	Total Inventories (Q: Apr. 2011 ))	/	count )
=	1.727	/ (	(4.023	+	3.881)	/	2 )
=	1.727	/	3.952
=	0.44

Signature Eyewear (OTCPK:SEYE) 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.

Signature Eyewear's Days Inventory for the three months ended in Apr. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2011 )	/	Cost of Goods Sold (Q: Apr. 2011 )	*	Days in Period
	=	3.952	/	1.727	*	365 / 4
	=	208.81

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.

Signature Eyewear's Inventory to Revenue for the quarter that ended in Apr. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2011 )	/	Revenue (Q: Apr. 2011 )
	=	3.952	/	4.51
	=	0.88

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.

Signature Eyewear Inventory Turnover Related Terms

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Signature Eyewear (Signature Eyewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Signature Eyewear Inc (OTCPK:SEYE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

317 Isis Avenue 207, Inglewood, CA, USA, 90301

Website

http://www.signatureeyewear.com

Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

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