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

QRS Music Technologies (QRS Music Technologies) Days Inventory : 303.32 (As of Mar. 2007)


View and export this data going back to . Start your Free Trial

What is QRS Music Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). QRS Music Technologies's Average Total Inventories for the three months ended in Mar. 2007 was $7.67 Mil. QRS Music Technologies's Cost of Goods Sold for the three months ended in Mar. 2007 was $2.31 Mil. Hence, QRS Music Technologies's Days Inventory for the three months ended in Mar. 2007 was 303.32.

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

QRSM's Days Inventory is not ranked *
in the Travel & Leisure industry.
Industry Median: 35.91
* Ranked among companies with meaningful Days Inventory only.

QRS Music Technologies's Days Inventory increased from Mar. 2006 (259.23) to Mar. 2007 (303.32). It might indicate that QRS Music Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. QRS Music Technologies's Inventory Turnover for the three months 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 three months ended in Mar. 2007 was 2.34.


QRS Music Technologies Days Inventory Historical Data

The historical data trend for QRS Music Technologies'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.

QRS Music Technologies Days Inventory Chart

QRS Music Technologies Annual Data
Trend Jun01 Jun02 Jun03 Jun04 Jun05 Jun06
Days Inventory
Get a 7-Day Free Trial 181.98 156.66 156.30 176.01 241.64

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
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 259.23 255.26 272.00 203.05 303.32

Competitive Comparison of QRS Music Technologies's Days Inventory

For the Leisure subindustry, QRS Music Technologies'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.


QRS Music Technologies's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, QRS Music Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where QRS Music Technologies's Days Inventory falls into.



QRS Music Technologies Days Inventory Calculation

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 fiscal year that ended in Jun. 2006 is calculated as

Days Inventory (A: Jun. 2006 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2005 ) + Total Inventories (A: Jun. 2006 )) / count ) / Cost of Goods Sold (A: Jun. 2006 )*Days in Period
=( (7.912 + 8.273) / 2 ) / 12.224*365
=8.0925 / 12.224*365
=241.64

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

Days Inventory (Q: Mar. 2007 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2006 ) + Total Inventories (Q: Mar. 2007 )) / count ) / Cost of Goods Sold (Q: Mar. 2007 )*Days in Period
=( (7.711 + 7.626) / 2 ) / 2.307*365 / 4
=7.6685 / 2.307*365 / 4
=303.32

* 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.


QRS Music Technologies  (OTCPK:QRSM) 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.

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

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.

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

* 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.


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.


QRS Music Technologies Days Inventory Related Terms

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


QRS Music Technologies (QRS Music Technologies) Business Description

Traded in Other Exchanges
N/A
Address
269 Quaker Drive, Seneca, PA, USA, 16346
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.

QRS Music Technologies (QRS Music Technologies) Headlines