Telestone Technologies (Telestone Technologies) Inventory Turnover : 0.19 (As of Dec. 2012)

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What is Telestone Technologies 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. Telestone Technologies's Cost of Goods Sold for the three months ended in Dec. 2012 was $1.59 Mil. Telestone Technologies's Average Total Inventories for the quarter that ended in Dec. 2012 was $8.23 Mil. Telestone Technologies's Inventory Turnover for the quarter that ended in Dec. 2012 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Telestone Technologies's Days Inventory for the three months ended in Dec. 2012 was 472.09.

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. Telestone Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 1.49.

Telestone Technologies Inventory Turnover Historical Data

The historical data trend for Telestone Technologies'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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Telestone Technologies Inventory Turnover Chart

Telestone Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

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2.16

6.74

19.24

12.26

5.20

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Inventory Turnover	Get a 7-Day Free Trial															3.41	1.28	1.10	1.01	0.19

Telestone Technologies Inventory Turnover Calculation

Telestone Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	33.971	/ (	(6.755	+	6.301)	/	2 )
=	33.971	/	6.528
=	5.20

Telestone Technologies's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

	Inventory Turnover (Q: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2012 )	/ (	(Total Inventories (Q: Sep. 2012 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )
=	1.59	/ (	(10.151	+	6.301)	/	2 )
=	1.59	/	8.226
=	0.19

Telestone Technologies (OTCPK:TSTC) 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.

Telestone Technologies's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	8.226	/	1.59	*	365 / 4
	=	472.09

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.

Telestone Technologies's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	8.226	/	5.526
	=	1.49

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.

Telestone Technologies Inventory Turnover Related Terms

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Telestone Technologies (Telestone Technologies) Business Description

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Address

Website

http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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