PreVu (PRVU) Inventory Turnover : 0.68 (As of Apr. 2008)

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What is PreVu 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. PreVu's Cost of Goods Sold for the three months ended in Apr. 2008 was $31.5 Mil. PreVu's Average Total Inventories for the quarter that ended in Apr. 2008 was $46.0 Mil. PreVu's Inventory Turnover for the quarter that ended in Apr. 2008 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PreVu's Days Inventory for the three months ended in Apr. 2008 was 133.53.

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. PreVu's Inventory-to-Revenue for the quarter that ended in Apr. 2008 was 1.26.

PreVu Inventory Turnover Historical Data

The historical data trend for PreVu'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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PreVu Inventory Turnover Chart

PreVu Annual Data

Trend

Jan98

Jan99

Jan00

Jan01

Jan02

Jan03

Jan04

Jan05

Jan06

Jan07

Inventory Turnover

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3.80

3.60

3.42

3.01

2.92

PreVu Quarterly Data
	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08
Inventory Turnover	Get a 7-Day Free Trial															0.53	0.73	0.66	1.07	0.68

PreVu Inventory Turnover Calculation

PreVu's Inventory Turnover for the fiscal year that ended in Jan. 2007 is calculated as

	Inventory Turnover (A: Jan. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2007 )	/ (	(Total Inventories (A: Jan. 2006 )	+	Total Inventories (A: Jan. 2007 ))	/	count )
=	234.251	/ (	(85.645	+	74.897)	/	2 )
=	234.251	/	80.271
=	2.92

PreVu's Inventory Turnover for the quarter that ended in Apr. 2008 is calculated as

	Inventory Turnover (Q: Apr. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2008 )	/ (	(Total Inventories (Q: Jan. 2008 )	+	Total Inventories (Q: Apr. 2008 ))	/	count )
=	31.464	/ (	(58.307	+	33.777)	/	2 )
=	31.464	/	46.042
=	0.68

PreVu (OTCPK:PRVU) 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.

PreVu's Days Inventory for the three months ended in Apr. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2008 )	/	Cost of Goods Sold (Q: Apr. 2008 )	*	Days in Period
	=	46.042	/	31.464	*	365 / 4
	=	133.53

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.

PreVu's Inventory to Revenue for the quarter that ended in Apr. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2008 )	/	Revenue (Q: Apr. 2008 )
	=	46.042	/	36.435
	=	1.26

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.

PreVu Inventory Turnover Related Terms

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PreVu (PRVU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PreVu Inc (OTCPK:PRVU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7401 Boone Avenue North, Brooklyn Park, MN, USA, 55428

Website

http://www.wilsonsleather.com

PreVu Inc is a retailer of leather outerwear, accessories and apparel in the United States. The company's products include men's and women's fashion leather jackets, handbags and other accessories.

Executives

William F Farley	director	700 SOUTH SECOND STREET, #90, MINNEAPOLIS MN 55402
Michael M Searles	director, officer: Chief Executive Officer	7401 BOONE AVENUE NORTH BROOKLYN PARK MN 55428
Michael T Sweeney	director	GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
R. Ted Weschler,	director, 10 percent owner	404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902
Peninsula Investment Partners, L.p.	10 percent owner	404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Peninsula Capital Advisors Llc	10 percent owner	404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Michael T Cowhing	director	C/O NEWELL RUBBERMAID INC., THREE GLENLAKE PKWY., ATLANTA 2Q 30328
Michael J Mccoy	director	1 HORMEL PLACE, AUSTIN TX 55912
Peter G Michielutti	officer: Executive VP, CFO & COO	2400 XENIUM LANE NORTH PLYMOUTH MN 55441
Joel N Waller	director	2400 XENIUM LANE NORTH PLYMOUTH MN 55441
Lyle Berman	director	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Cheryl L Vitali	director
Jenele C Grassle	officer: Vice President	605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441

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