Tamino Minerals (Tamino Minerals) Inventory Turnover : 0.59 (As of Jun. 2006)

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What is Tamino Minerals 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. Tamino Minerals's Cost of Goods Sold for the three months ended in Jun. 2006 was $0.57 Mil. Tamino Minerals's Average Total Inventories for the quarter that ended in Jun. 2006 was $0.97 Mil. Tamino Minerals's Inventory Turnover for the quarter that ended in Jun. 2006 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tamino Minerals's Days Inventory for the three months ended in Jun. 2006 was 155.85.

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. Tamino Minerals's Inventory-to-Revenue for the quarter that ended in Jun. 2006 was 0.93.

Tamino Minerals Inventory Turnover Historical Data

The historical data trend for Tamino Minerals'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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Tamino Minerals Inventory Turnover Chart

Tamino Minerals Annual Data

Trend

Jun96

Jun97

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Inventory Turnover

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2.10

2.69

6.01

5.04

2.91

Tamino Minerals Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
Inventory Turnover	Get a 7-Day Free Trial															0.47	0.83	0.82	0.79	0.59

Tamino Minerals Inventory Turnover Calculation

Tamino Minerals's Inventory Turnover for the fiscal year that ended in Jun. 2005 is calculated as

	Inventory Turnover (A: Jun. 2005 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2005 )	/ (	(Total Inventories (A: Jun. 2004 )	+	Total Inventories (A: Jun. 2005 ))	/	count )
=	2.483	/ (	(0.814	+	0.894)	/	2 )
=	2.483	/	0.854
=	2.91

Tamino Minerals's Inventory Turnover for the quarter that ended in Jun. 2006 is calculated as

	Inventory Turnover (Q: Jun. 2006 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2006 )	/ (	(Total Inventories (Q: Mar. 2006 )	+	Total Inventories (Q: Jun. 2006 ))	/	count )
=	0.565	/ (	(0.956	+	0.974)	/	2 )
=	0.565	/	0.965
=	0.59

Tamino Minerals (OTCPK:TINO) 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.

Tamino Minerals's Days Inventory for the three months ended in Jun. 2006 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2006 )	/	Cost of Goods Sold (Q: Jun. 2006 )	*	Days in Period
	=	0.965	/	0.565	*	365 / 4
	=	155.85

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.

Tamino Minerals's Inventory to Revenue for the quarter that ended in Jun. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2006 )	/	Revenue (Q: Jun. 2006 )
	=	0.965	/	1.043
	=	0.93

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.

Tamino Minerals Inventory Turnover Related Terms

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Tamino Minerals (Tamino Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tamino Minerals Inc (OTCPK:TINO) » Definitions » Inventory Turnover

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Address

367 Muskoka Road 3N, Toronto, ON, CAN, P1H 1H6

Website

https://www.taminominerals.ca

Tamino Minerals Inc is engaged in exploration in Mexico for precious metals including copper, lead and zinc. It has several properties in a highly prospective area for gold in Mexico known as the Las Amalias Mine and it continues to evaluate and develop economic opportunities.

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