Australian Oil & Gas (Australian Oil & Gas) Inventory Turnover : 0.00 (As of Mar. 2012)

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What is Australian Oil & Gas 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. Australian Oil & Gas's Cost of Goods Sold for the three months ended in Mar. 2012 was $0.00 Mil. Australian Oil & Gas's Average Total Inventories for the quarter that ended in Mar. 2012 was $0.00 Mil.

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

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.

Australian Oil & Gas Inventory Turnover Historical Data

The historical data trend for Australian Oil & Gas'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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Australian Oil & Gas Inventory Turnover Chart

Australian Oil & Gas Annual Data

Trend

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Inventory Turnover

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Australian Oil & Gas Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
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Australian Oil & Gas Inventory Turnover Calculation

Australian Oil & Gas's Inventory Turnover for the fiscal year that ended in Dec. 2011 is calculated as

	Inventory Turnover (A: Dec. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2011 )	/ (	(Total Inventories (A: Dec. 2010 )	+	Total Inventories (A: Dec. 2011 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Australian Oil & Gas's Inventory Turnover for the quarter that ended in Mar. 2012 is calculated as

	Inventory Turnover (Q: Mar. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2012 )	/ (	(Total Inventories (Q: Dec. 2011 )	+	Total Inventories (Q: Mar. 2012 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Australian Oil & Gas (OTCPK:AOGC) 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.

Australian Oil & Gas's Days Inventory for the three months ended in Mar. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2012 )	/	Cost of Goods Sold (Q: Mar. 2012 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Australian Oil & Gas's Inventory to Revenue for the quarter that ended in Mar. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2012 )	/	Revenue (Q: Mar. 2012 )
	=	0	/	0
	=

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.

Australian Oil & Gas Inventory Turnover Related Terms

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Australian Oil & Gas (Australian Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Australian Oil & Gas Corp (OTCPK:AOGC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

500 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

Australian Oil & Gas Corp is an energy company that explores for natural gas, crude oil and natural gas liquids.

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