Turners Group NZ (NZSE:TUA) Inventory-to-Revenue : 0.33 (As of Jun. 2014)

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

What is Turners Group NZ Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Jun. 2014 was NZ$9.71 Mil. Turners Group NZ's Revenue for the six months ended in Jun. 2014 was NZ$29.85 Mil. Turners Group NZ's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.33.

Turners Group NZ's Inventory-to-Revenue for the quarter that ended in Jun. 2014 increased from Dec. 2013 (0.29) to Dec. 2013 (0.33)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

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 six months 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.

Turners Group NZ Inventory-to-Revenue Historical Data

The historical data trend for Turners Group NZ's Inventory-to-Revenue 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.

Turners Group NZ Inventory-to-Revenue Chart

Turners Group NZ Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory-to-Revenue

Get a 7-Day Free Trial

0.22

0.20

0.18

0.16

0.14

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
Inventory-to-Revenue	Get a 7-Day Free Trial															0.39	0.32	0.27	0.29	0.33

Competitive Comparison of Turners Group NZ's Inventory-to-Revenue

For the Auto & Truck Dealerships subindustry, Turners Group NZ's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Turners Group NZ's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Group NZ's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Turners Group NZ's Inventory-to-Revenue falls into.

Turners Group NZ Inventory-to-Revenue Calculation

Turners Group NZ's Inventory-to-Revenue for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory-to-Revenue (A: Dec. 2013 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Revenue (A: Dec. 2013 )
=	( (4.902	+	8.16)	/	2 )	/	47.021
=	6.531					/	47.021
=	0.14

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

	Inventory-to-Revenue (Q: Jun. 2014 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2013 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )	/	Revenue (Q: Jun. 2014 )
=	( (8.16	+	11.264)	/	2 )	/	29.853
=	9.712					/	29.853
=	0.33

Turners Group NZ (NZSE:TUA) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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 six months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	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 (Q: Jun. 2014 )	/	Average Total Inventories (Q: Jun. 2014 )
	=	24.399	/	9.712
	=	2.51

Turners Group NZ Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Turners Group NZ's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Turners Group NZ (NZSE:TUA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

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.