McHenry Metals Golf (McHenry Metals Golf) Days Inventory : 338.16 (As of Sep. 2001)

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What is McHenry Metals Golf Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). McHenry Metals Golf's Average Total Inventories for the three months ended in Sep. 2001 was $0.06 Mil. McHenry Metals Golf's Cost of Goods Sold for the three months ended in Sep. 2001 was $0.02 Mil. Hence, McHenry Metals Golf's Days Inventory for the three months ended in Sep. 2001 was 338.16.

The historical rank and industry rank for McHenry Metals Golf's Days Inventory or its related term are showing as below:

GLFN's Days Inventory is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 33.92
* Ranked among companies with meaningful Days Inventory only.

McHenry Metals Golf's Days Inventory increased from Sep. 2000 (102.53) to Sep. 2001 (338.16). It might indicate that McHenry Metals Golf's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. McHenry Metals Golf's Inventory Turnover for the three months ended in Sep. 2001 was 0.27.

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. McHenry Metals Golf's Inventory-to-Revenue for the three months ended in Sep. 2001 was 5.73.

McHenry Metals Golf Days Inventory Historical Data

The historical data trend for McHenry Metals Golf's Days 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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McHenry Metals Golf Days Inventory Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

Days Inventory

116.99

153.15

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
Days Inventory	Get a 7-Day Free Trial			102.53	2,973.23	71.48	834.29	338.16

Competitive Comparison of McHenry Metals Golf's Days Inventory

For the Leisure subindustry, McHenry Metals Golf's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

McHenry Metals Golf's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, McHenry Metals Golf's Days Inventory distribution charts can be found below:

* The bar in red indicates where McHenry Metals Golf's Days Inventory falls into.

McHenry Metals Golf Days Inventory Calculation

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

McHenry Metals Golf's Days Inventory for the fiscal year that ended in Dec. 2000 is calculated as

	Days Inventory (A: Dec. 2000 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2099 )	+	Total Inventories (A: Dec. 2000 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2000 )	*	Days in Period
=	( (0.55	+	0.123)	/	2 )	/	0.802	*	365
=	0.3365					/	0.802	*	365
=	153.15

McHenry Metals Golf's Days Inventory for the quarter that ended in Sep. 2001 is calculated as:

	Days Inventory (Q: Sep. 2001 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2001 )	+	Total Inventories (Q: Sep. 2001 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2001 )	*	Days in Period
=	( (0.063	+	0)	/	1 )	/	0.017	*	365 / 4
=	0.063					/	0.017	*	365 / 4
=	338.16

McHenry Metals Golf (OTCPK:GLFN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

McHenry Metals Golf's Inventory Turnover for the three months ended in Sep. 2001 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.017	/	0.063
	=	0.27

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.

McHenry Metals Golf's Inventory to Revenue for the three months ended in Sep. 2001 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.063	/	0.011
	=	5.73

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

McHenry Metals Golf Days Inventory Related Terms

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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

McHenry Metals Golf (McHenry Metals Golf) Headlines

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