QRS Music Technologies (QRS Music Technologies) Change In Inventory : $0.59 Mil (TTM As of Mar. 2007)

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What is QRS Music Technologies Change In Inventory?

QRS Music Technologies's change in inventory for the quarter that ended in Mar. 2007 was $0.09 Mil. It means QRS Music Technologies's inventory declined by $0.09 Mil from Dec. 2006 to Mar. 2007 .

QRS Music Technologies's change in inventory for the fiscal year that ended in Jun. 2006 was $-0.36 Mil. It means QRS Music Technologies's inventory increased by $0.36 Mil from Jun. 2005 to Jun. 2006 .

QRS Music Technologies's Total Inventories for the quarter that ended in Mar. 2007 was $7.63 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QRS Music Technologies's Days Inventory for the quarter that ended in Mar. 2007 was 303.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. QRS Music Technologies's Inventory Turnover for the quarter that ended in Mar. 2007 was 0.30.

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. QRS Music Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2007 was 2.34.

QRS Music Technologies Change In Inventory Historical Data

The historical data trend for QRS Music 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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QRS Music Technologies Change In Inventory Chart

QRS Music Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Change In Inventory

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1.26

-1.18

-0.60

-2.26

-0.36

QRS Music Technologies Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
Change In Inventory	Get a 7-Day Free Trial															-0.92	-0.06	0.35	0.21	0.09

QRS Music 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 Mar. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.59 Mil.

QRS Music Technologies (OTCPK:QRSM) Change In Inventory Explanation

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

QRS Music 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
	=	7.6685	/	2.307	*	365 / 4
	=	303.32

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

QRS Music Technologies's Inventory Turnover for the quarter that ended in Mar. 2007 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.307	/	7.6685
	=	0.30

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.

QRS Music Technologies's Inventory to Revenue for the quarter that ended in Mar. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.6685	/	3.274
	=	2.34

QRS Music Technologies Change In Inventory Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

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