Spectrum Group International (Spectrum Group International) Inventory Turnover : 7.92 (As of Dec. 2013)

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What is Spectrum Group International 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. Spectrum Group International's Cost of Goods Sold for the three months ended in Dec. 2013 was $1,498 Mil. Spectrum Group International's Average Total Inventories for the quarter that ended in Dec. 2013 was $189 Mil. Spectrum Group International's Inventory Turnover for the quarter that ended in Dec. 2013 was 7.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spectrum Group International's Days Inventory for the three months ended in Dec. 2013 was 11.52.

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. Spectrum Group International's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.13.

Spectrum Group International Inventory Turnover Historical Data

The historical data trend for Spectrum Group International'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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Spectrum Group International Inventory Turnover Chart

Spectrum Group International Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Inventory Turnover

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34.23

47.10

44.07

45.11

41.67

Spectrum Group International Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial															10.45	13.30	13.19	7.92	7.92

Spectrum Group International Inventory Turnover Calculation

Spectrum Group International's Inventory Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Inventory Turnover (A: Jun. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2013 )	/ (	(Total Inventories (A: Jun. 2012 )	+	Total Inventories (A: Jun. 2013 ))	/	count )
=	7355.18	/ (	(164.78	+	188.253)	/	2 )
=	7355.18	/	176.5165
=	41.67

Spectrum Group International's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	1498.108	/ (	(195.733	+	182.63)	/	2 )
=	1498.108	/	189.1815
=	7.92

Spectrum Group International (OTCPK:SPGZ) 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.

Spectrum Group International's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	189.1815	/	1498.108	*	365 / 4
	=	11.52

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.

Spectrum Group International's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	189.1815	/	1509.516
	=	0.13

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.

Spectrum Group International Inventory Turnover Related Terms

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Spectrum Group International (Spectrum Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Spectrum Group International Inc (OTCPK:SPGZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1063 McGaw, Suite 250, Irvine, CA, USA, 92614

Website

http://www.spectrumgi.com

Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.The Trading segment operates through A-Mar.

Executives

Gregory N Roberts	director, 10 percent owner, officer: President and CEO	2625 ST ANDREWS, TUSTIN CA 92660
Carol Meltzer	officer: General Counsel and EVP	775 PASSAIC AVE, WEST CALDWELL NJ 07006
Jeffrey D Benjamin	director	9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
William A Richardson	10 percent owner	2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
William Montgomery	director	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Joel R Anderson	director	202 NORTH COURT STREET, FLORENCE AL 35630
Ellis Landau	director	CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Jess M Ravich	director	11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Silver Bow Ventures Llc	10 percent owner	C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614
Moorhead John	director	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Nolan Christopher William Sr	director	15 TILGHMAN DRIVE, WAYNE NJ 07470
Thor Gjerdrum	officer: Chief Financial Officer & EVP	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Mark B Segall	director	251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Matthew M Walsh	officer: CFO AND EXE. V.P.	ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940

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