RINO International (RINO International) Inventory Turnover : 7.33 (As of Sep. 2010)

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What is RINO 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. RINO International's Cost of Goods Sold for the three months ended in Sep. 2010 was $36.4 Mil. RINO International's Average Total Inventories for the quarter that ended in Sep. 2010 was $5.0 Mil. RINO International's Inventory Turnover for the quarter that ended in Sep. 2010 was 7.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RINO International's Days Inventory for the three months ended in Sep. 2010 was 12.45.

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. RINO International's Inventory-to-Revenue for the quarter that ended in Sep. 2010 was 0.09.

RINO International Inventory Turnover Historical Data

The historical data trend for RINO 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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RINO International Inventory Turnover Chart

RINO International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Inventory Turnover

48.15

227.83

123.11

36.41

RINO International Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Inventory Turnover	Get a 7-Day Free Trial															4.01	10.26	8.17	12.78	7.33

RINO International Inventory Turnover Calculation

RINO International's Inventory Turnover for the fiscal year that ended in Dec. 2009 is calculated as

	Inventory Turnover (A: Dec. 2009 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2009 )	/ (	(Total Inventories (A: Dec. 2008 )	+	Total Inventories (A: Dec. 2009 ))	/	count )
=	120.33	/ (	(1.203	+	5.406)	/	2 )
=	120.33	/	3.3045
=	36.41

RINO International's Inventory Turnover for the quarter that ended in Sep. 2010 is calculated as

	Inventory Turnover (Q: Sep. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2010 )	/ (	(Total Inventories (Q: Jun. 2010 )	+	Total Inventories (Q: Sep. 2010 ))	/	count )
=	36.442	/ (	(4.401	+	5.546)	/	2 )
=	36.442	/	4.9735
=	7.33

RINO International (OTCPK:RINO) 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.

RINO International's Days Inventory for the three months ended in Sep. 2010 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2010 )	/	Cost of Goods Sold (Q: Sep. 2010 )	*	Days in Period
	=	4.9735	/	36.442	*	365 / 4
	=	12.45

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.

RINO International's Inventory to Revenue for the quarter that ended in Sep. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2010 )	/	Revenue (Q: Sep. 2010 )
	=	4.9735	/	52.725
	=	0.09

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.

RINO International Inventory Turnover Related Terms

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RINO International (RINO International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RINO International Corp (OTCPK:RINO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

RINO International Corp is in the business of identifying and acquiring strategic intellectual property in the agricultural technology, biotechnologies, and energy industries.

Executives

Glenn Little

director, 10 percent owner, officer: CEO & CFO

211 WEST WALL ST, MIDLAND TX 70701

RINO International (RINO International) Headlines

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