Banneker (Banneker) Inventory Turnover : 10.77 (As of Dec. 2000)

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What is Banneker 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. Banneker's Cost of Goods Sold for the three months ended in Dec. 2000 was $4.28 Mil. Banneker's Average Total Inventories for the quarter that ended in Dec. 2000 was $0.40 Mil. Banneker's Inventory Turnover for the quarter that ended in Dec. 2000 was 10.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Banneker's Days Inventory for the three months ended in Dec. 2000 was 8.47.

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. Banneker's Inventory-to-Revenue for the quarter that ended in Dec. 2000 was 0.09.

Banneker Inventory Turnover Historical Data

The historical data trend for Banneker'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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Banneker Inventory Turnover Chart

Banneker Annual Data

Trend

Mar98

Inventory Turnover

34.65

Banneker Quarterly Data
	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00
Inventory Turnover	Get a 7-Day Free Trial									6.06	6.04	3.63	4.74	10.77

Banneker Inventory Turnover Calculation

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

	Inventory Turnover (A: Mar. 2098 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2098 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Mar. 2098 ))	/	count )
=	69.3	/ (	(	+	2)	/	1 )
=	69.3	/	2
=	34.65

Banneker's Inventory Turnover for the quarter that ended in Dec. 2000 is calculated as

	Inventory Turnover (Q: Dec. 2000 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2000 )	/ (	(Total Inventories (Q: Sep. 2000 )	+	Total Inventories (Q: Dec. 2000 ))	/	count )
=	4.281	/ (	(0.414	+	0.381)	/	2 )
=	4.281	/	0.3975
=	10.77

Banneker (OTCPK:BANI) 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.

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

Days Inventory	=	Average Total Inventories (Q: Dec. 2000 )	/	Cost of Goods Sold (Q: Dec. 2000 )	*	Days in Period
	=	0.3975	/	4.281	*	365 / 4
	=	8.47

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2000 )	/	Revenue (Q: Dec. 2000 )
	=	0.3975	/	4.502
	=	0.09

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.

Banneker Inventory Turnover Related Terms

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Banneker (Banneker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Banneker Inc (OTCPK:BANI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1660 South Albion Street, Suite 318, Denver, CO, USA, 80222

Website

https://www.bannekerstore.com

Banneker Inc is designing and manufacturing different types of clocks and watches. The company is engaged in watch making and wholesale jewelry company founded on the basis of fashion, elegance, and watch design can all converge together to create a work of art.

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