SeanieMac International (SeanieMac International) Inventory Turnover : 0.00 (As of Sep. 2016)

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What is SeanieMac International 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. SeanieMac International's Cost of Goods Sold for the three months ended in Sep. 2016 was $0.02 Mil. SeanieMac International's Average Total Inventories for the quarter that ended in Sep. 2016 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SeanieMac International's Days Inventory for the three months ended in Sep. 2016 was 0.00.

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. SeanieMac International's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.00.

SeanieMac International Inventory Turnover Historical Data

The historical data trend for SeanieMac International'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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SeanieMac International Inventory Turnover Chart

SeanieMac International Annual Data

Trend

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Dec15

Inventory Turnover

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SeanieMac International Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

SeanieMac International Inventory Turnover Calculation

SeanieMac International's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Inventory Turnover (A: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2015 )	/ (	(Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )
=	0.126	/ (	(0	+	0)	/	1 )
=	0.126	/	0
=	N/A

SeanieMac International's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as

	Inventory Turnover (Q: Sep. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2016 )	/ (	(Total Inventories (Q: Jun. 2016 )	+	Total Inventories (Q: Sep. 2016 ))	/	count )
=	0.024	/ (	(0	+	0)	/	1 )
=	0.024	/	0
=	N/A

SeanieMac International (GREY:BETS) 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.

SeanieMac International's Days Inventory for the three months ended in Sep. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2016 )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
	=	0	/	0.024	*	365 / 4
	=	0.00

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.

SeanieMac International's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2016 )	/	Revenue (Q: Sep. 2016 )
	=	0	/	0.007
	=	0.00

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.

SeanieMac International Inventory Turnover Related Terms

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SeanieMac International (SeanieMac International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SeanieMac International Ltd (GREY:BETS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 New York Avenue, Suite A, Huntington, NY, USA, 11743

Website

http://www.seaniemac.com

SeanieMac International Ltd operates in the online gambling industry. The company maintains a website for online gambling, including sports betting and casino gaming in Ireland. The firm utilizes a third-party white-label online gaming website provider to develop and operate its branded website apollobet.com, operations, sportsbook trading, website hosting, payment solutions, security and first-line support of gaming related questions.