Location Based Technologies (Location Based Technologies) Change In Inventory : $0.56 Mil (TTM As of May. 2015)

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What is Location Based Technologies Change In Inventory?

Location Based Technologies's change in inventory for the quarter that ended in May. 2015 was $0.31 Mil. It means Location Based Technologies's inventory declined by $0.31 Mil from Feb. 2015 to May. 2015 .

Location Based Technologies's change in inventory for the fiscal year that ended in Aug. 2014 was $0.27 Mil. It means Location Based Technologies's inventory declined by $0.27 Mil from Aug. 2013 to Aug. 2014 .

Location Based Technologies's Total Inventories for the quarter that ended in May. 2015 was $0.69 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Location Based Technologies's Days Inventory for the quarter that ended in May. 2015 was 174.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Location Based Technologies's Inventory Turnover for the quarter that ended in May. 2015 was 0.52.

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. Location Based Technologies's Inventory-to-Revenue for the quarter that ended in May. 2015 was 1.30.

Location Based Technologies Change In Inventory Historical Data

The historical data trend for Location Based Technologies's Change In Inventory 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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Location Based Technologies Change In Inventory Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Change In Inventory

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-0.03

-3.31

0.58

0.27

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Change In Inventory	Get a 7-Day Free Trial															0.24	0.02	0.14	0.09	0.31

Location Based Technologies Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in May. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.56 Mil.

Location Based Technologies (OTCPK:LBAS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Location Based Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.7175	/	0.375	*	365 / 4
	=	174.59

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Location Based Technologies's Inventory Turnover for the quarter that ended in May. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.375	/	0.7175
	=	0.52

3. 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.

Location Based Technologies's Inventory to Revenue for the quarter that ended in May. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7175	/	0.552
	=	1.30

Location Based Technologies Change In Inventory Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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