AMGY (American Metal & Technology) Inventory Turnover: 0.92 (As of Sep. 2010)


What is American Metal & Technology Inventory Turnover?

American Metal & Technology AMGY -99.00% Inventory Turnover is 0.92 as of Sep. 2010.

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. American Metal & Technology's Cost of Goods Sold for the three months ended in Sep. 2010 was $2.14 Mil. American Metal & Technology's Average Total Inventories for the quarter that ended in Sep. 2010 was $2.34 Mil. American Metal & Technology's Inventory Turnover for the quarter that ended in Sep. 2010 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Metal & Technology's Days Inventory for the three months ended in Sep. 2010 was 99.71.

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. American Metal & Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2010 was 0.78.

American Metal & Technology  (OTCPK:AMGY) 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.

American Metal & Technology's Days Inventory for the three months ended in Sep. 2010 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2010 )/Cost of Goods Sold (Q: Sep. 2010 )*Days in Period
=2.3395/2.141*365 / 4
=99.71

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.

American Metal & Technology's Inventory to Revenue for the quarter that ended in Sep. 2010 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2010 ) / Revenue (Q: Sep. 2010 )
=2.3395 / 2.99
=0.78

* 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

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.

American Metal & Technology Inventory Turnover Related Terms

American Metal & Technology Inventory Turnover Historical Data

* Premium members only.

The historical data trend for American Metal & Technology'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.

American Metal & Technology Inventory Turnover Chart

American Metal & Technology Annual Data
Trend Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Dec07 Dec08 Dec09
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 13.81 15.74 2.74

American Metal & Technology Quarterly Data
Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Inventory Turnover 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 0.42 0.78 0.46 0.79 0.92

American Metal & Technology Inventory Turnover Calculation

American Metal & Technology's Inventory Turnover for the fiscal year that ended in Dec. 2009 is calculated as

Inventory Turnover (A: Dec. 2009 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2009 ) / ((Total Inventories (A: Dec. 2008 ) + Total Inventories (A: Dec. 2009 )) / count )
=4.099 / ((1.08 + 1.908) / 2 )
=4.099 / 1.494
=2.74

American Metal & Technology's Inventory Turnover for the quarter that ended in Sep. 2010 is calculated as

Inventory Turnover (Q: Sep. 2010 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2010 ) / ((Total Inventories (Q: Jun. 2010 ) + Total Inventories (Q: Sep. 2010 )) / count )
=2.141 / ((2.194 + 2.485) / 2 )
=2.141 / 2.3395
=0.92

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.92 mean?
American Metal & Technology (AMGY) has a Inventory Turnover of 0.92 as of Sep. 2010. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on American Metal & Technology and its competitors.
Is American Metal & Technology's Inventory Turnover too high?
American Metal & Technology's current Inventory Turnover is 0.92.
How does American Metal & Technology's Inventory Turnover compare to competitors?
American Metal & Technology's Inventory Turnover of 0.92 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on American Metal & Technology and its competitors. American Metal & Technology's current Inventory Turnover is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Metal & Technology stock overvalued right now?
American Metal & Technology (AMGY) has a current Inventory Turnover of 0.92. The current Inventory Turnover is 0.92. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For American Metal & Technology (AMGY), the current Inventory Turnover is 0.92 as of Sep. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Metal & Technology Business Description

Address No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, CHN, 100041
American Metal & Technology Inc through its subsidiaries is engaged in precision casting, machining, mold design and manufacturing in the People's Republic of China. It manufacture investment casting and machined products, including valves, pipe fittings, dispensers, machinery spare parts, water treatment parts, automotive and airplane accessories, electronic circuit boards for home appliances and motion controllers, and other equipment parts.