Brinx Resources (Brinx Resources) Inventory Turnover : 0.00 (As of Jul. 2015)

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What is Brinx Resources 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. Brinx Resources's Cost of Goods Sold for the three months ended in Jul. 2015 was $0.01 Mil. Brinx Resources's Average Total Inventories for the quarter that ended in Jul. 2015 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Brinx Resources's Days Inventory for the three months ended in Jul. 2015 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. Brinx Resources's Inventory-to-Revenue for the quarter that ended in Jul. 2015 was 0.00.

Brinx Resources Inventory Turnover Historical Data

The historical data trend for Brinx Resources'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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Brinx Resources Inventory Turnover Chart

Brinx Resources Annual Data

Trend

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Inventory Turnover

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Brinx Resources Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Brinx Resources Inventory Turnover Calculation

Brinx Resources's Inventory Turnover for the fiscal year that ended in Oct. 2014 is calculated as

	Inventory Turnover (A: Oct. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2014 )	/ (	(Total Inventories (A: Oct. 2013 )	+	Total Inventories (A: Oct. 2014 ))	/	count )
=	0.044	/ (	(0	+	0)	/	1 )
=	0.044	/	0
=	N/A

Brinx Resources's Inventory Turnover for the quarter that ended in Jul. 2015 is calculated as

	Inventory Turnover (Q: Jul. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2015 )	/ (	(Total Inventories (Q: Apr. 2015 )	+	Total Inventories (Q: Jul. 2015 ))	/	count )
=	0.005	/ (	(0	+	0)	/	1 )
=	0.005	/	0
=	N/A

Brinx Resources (OTCPK:BNXR) 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.

Brinx Resources's Days Inventory for the three months ended in Jul. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2015 )	/	Cost of Goods Sold (Q: Jul. 2015 )	*	Days in Period
	=	0	/	0.005	*	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.

Brinx Resources's Inventory to Revenue for the quarter that ended in Jul. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2015 )	/	Revenue (Q: Jul. 2015 )
	=	0	/	0.005
	=	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.

Brinx Resources Inventory Turnover Related Terms

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Brinx Resources (Brinx Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brinx Resources Ltd (OTCPK:BNXR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

360 Jackson Road, Suite 300, Ann Arbor, MI, USA, 48103

Website

http://www.brinxresources.com

Brinx Resources Ltd is an independent oil and gas company. It is engaged in the exploration, development and production of oil and natural gas.

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