Itoco (ITMC) Days Inventory : 567.78 (As of Sep. 2010)

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What is Itoco Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Itoco's Average Total Inventories for the three months ended in Sep. 2010 was $0.06 Mil. Itoco's Cost of Goods Sold for the three months ended in Sep. 2010 was $0.01 Mil. Hence, Itoco's Days Inventory for the three months ended in Sep. 2010 was 567.78.

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

ITMC's Days Inventory is not ranked ^*
in the Biotechnology industry.
Industry Median: 194.42
* Ranked among companies with meaningful Days Inventory only.

Itoco's Days Inventory increased from Sep. 2009 (0.00) to Sep. 2010 (567.78). It might indicate that Itoco's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Itoco's Inventory Turnover for the three months ended in Sep. 2010 was 0.16.

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. Itoco's Inventory-to-Revenue for the three months ended in Sep. 2010 was 5.09.

Itoco Days Inventory Historical Data

The historical data trend for Itoco'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.

* Premium members only.

Itoco Days Inventory Chart

Itoco Annual Data

Trend

Dec08

Dec09

Days Inventory

98.37

105.59

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Days Inventory	Get a 7-Day Free Trial						-	9.86	448.65	5,246.88	567.78

Competitive Comparison of Itoco's Days Inventory

For the Biotechnology subindustry, Itoco'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.

Itoco's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Itoco's Days Inventory distribution charts can be found below:

* The bar in red indicates where Itoco's Days Inventory falls into.

Itoco Days Inventory Calculation

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

Itoco's Days Inventory for the fiscal year that ended in Dec. 2009 is calculated as

	Days Inventory (A: Dec. 2009 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2008 )	+	Total Inventories (A: Dec. 2009 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2009 )	*	Days in Period
=	( (0.66	+	0.058)	/	2 )	/	1.241	*	365
=	0.359					/	1.241	*	365
=	105.59

Itoco's Days Inventory for the quarter that ended in Sep. 2010 is calculated as:

	Days Inventory (Q: Sep. 2010 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2010 )	+	Total Inventories (Q: Sep. 2010 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2010 )	*	Days in Period
=	( (0.055	+	0.057)	/	2 )	/	0.009	*	365 / 4
=	0.056					/	0.009	*	365 / 4
=	567.78

Itoco (OTCPK:ITMC) 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.

Itoco's Inventory Turnover for the three months ended in Sep. 2010 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.009	/	0.056
	=	0.16

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.

Itoco's Inventory to Revenue for the three months ended in Sep. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.056	/	0.011
	=	5.09

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.

Itoco Days Inventory Related Terms

Thank you for viewing the detailed overview of Itoco's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Itoco (ITMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Itoco Inc (OTCPK:ITMC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.