AAP (AAPJ) Inventory Turnover : 2.50 (As of Sep. 2000)

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What is AAP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. AAP's Cost of Goods Sold for the three months ended in Sep. 2000 was $0.01 Mil. AAP's Average Total Inventories for the quarter that ended in Sep. 2000 was $0.00 Mil. AAP's Inventory Turnover for the quarter that ended in Sep. 2000 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AAP's Days Inventory for the three months ended in Sep. 2000 was 36.50.

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. AAP's Inventory-to-Revenue for the quarter that ended in Sep. 2000 was 0.06.

AAP Inventory Turnover Historical Data

The historical data trend for AAP's Inventory Turnover 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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AAP Inventory Turnover Chart

AAP Annual Data

Trend

Dec95

Dec96

Dec97

Dec98

Inventory Turnover

3.25

0.33

1.33

1.43

AAP Quarterly Data
	Sep95	Dec95	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Mar99	Jun99	Sep99	Mar00	Jun00	Sep00
Inventory Turnover	Get a 7-Day Free Trial															1.33	-	3.13	1.56	2.50

AAP Inventory Turnover Calculation

AAP's Inventory Turnover for the fiscal year that ended in Dec. 2098 is calculated as

	Inventory Turnover (A: Dec. 2098 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2098 )	/ (	(Total Inventories (A: Dec. 2097 )	+	Total Inventories (A: Dec. 2098 ))	/	count )
=	0.5	/ (	(0.4	+	0.3)	/	2 )
=	0.5	/	0.35
=	1.43

AAP's Inventory Turnover for the quarter that ended in Sep. 2000 is calculated as

	Inventory Turnover (Q: Sep. 2000 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2000 )	/ (	(Total Inventories (Q: Jun. 2000 )	+	Total Inventories (Q: Sep. 2000 ))	/	count )
=	0.01	/ (	(0.004	+	0)	/	1 )
=	0.01	/	0.004
=	2.50

AAP (OTCPK:AAPJ) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

AAP's Days Inventory for the three months ended in Sep. 2000 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2000 )	/	Cost of Goods Sold (Q: Sep. 2000 )	*	Days in Period
	=	0.004	/	0.01	*	365 / 4
	=	36.50

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.

AAP's Inventory to Revenue for the quarter that ended in Sep. 2000 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2000 )	/	Revenue (Q: Sep. 2000 )
	=	0.004	/	0.067
	=	0.06

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

AAP Inventory Turnover Related Terms

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