Turners Group NZ (NZSE:TUA) Change In Inventory : NZ$0.00 Mil (TTM As of Jun. 2014)

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What is Turners Group NZ Change In Inventory?

Turners Group NZ's change in inventory for the quarter that ended in Jun. 2014 was NZ$0.00 Mil. It means Turners Group NZ's inventory stayed the same from Dec. 2013 to Jun. 2014 .

Turners Group NZ's change in inventory for the fiscal year that ended in Dec. 2013 was NZ$0.00 Mil. It means Turners Group NZ's inventory stayed the same from Dec. 2012 to Dec. 2013 .

Turners Group NZ's Total Inventories for the quarter that ended in Jun. 2014 was NZ$11.26 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Turners Group NZ's Days Inventory for the quarter that ended in Jun. 2014 was 72.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Turners Group NZ's Inventory Turnover for the quarter that ended in Jun. 2014 was 2.51.

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. Turners Group NZ's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.33.

Turners Group NZ Change In Inventory Historical Data

The historical data trend for Turners Group NZ'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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Turners Group NZ Change In Inventory Chart

Turners Group NZ Annual Data

Trend

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Change In Inventory

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Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Turners Group NZ 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 Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$0.00 Mil.

Turners Group NZ (NZSE:TUA) Change In Inventory Explanation

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

Turners Group NZ's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.712	/	24.399	*	365 / 2
	=	72.64

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

Turners Group NZ's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24.399	/	9.712
	=	2.51

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.

Turners Group NZ's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.712	/	29.853
	=	0.33

Turners Group NZ Change In Inventory Related Terms

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Turners Group NZ (NZSE:TUA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Group NZ Ltd (NZSE:TUA) » Definitions » Change In Inventory

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Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.