Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) Inventory Turnover : 0.00 (As of Dec. 2011)

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What is Fundo de Recuperacao Economica do Estado do Espiritonto 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. Fundo de Recuperacao Economica do Estado do Espiritonto's Cost of Goods Sold for the six months ended in Dec. 2011 was R$8 Mil. Fundo de Recuperacao Economica do Estado do Espiritonto's Average Total Inventories for the quarter that ended in Dec. 2011 was R$0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fundo de Recuperacao Economica do Estado do Espiritonto's Days Inventory for the six months ended in Dec. 2011 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. Fundo de Recuperacao Economica do Estado do Espiritonto's Inventory-to-Revenue for the quarter that ended in Dec. 2011 was 0.00.

Fundo de Recuperacao Economica do Estado do Espiritonto Inventory Turnover Historical Data

The historical data trend for Fundo de Recuperacao Economica do Estado do Espiritonto'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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Fundo de Recuperacao Economica do Estado do Espiritonto Inventory Turnover Chart

Fundo de Recuperacao Economica do Estado do Espiritonto Annual Data

Trend

Dec09

Dec10

Dec11

Inventory Turnover

Fundo de Recuperacao Economica do Estado do Espiritonto Semi-Annual Data
	Dec09	Dec10	Dec11
Inventory Turnover	-	-	-

Fundo de Recuperacao Economica do Estado do Espiritonto Inventory Turnover Calculation

Fundo de Recuperacao Economica do Estado do Espiritonto'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 )
=	8.1030000000001	/ (	(0	+	0)	/	1 )
=	8.1030000000001	/	0
=	N/A

Fundo de Recuperacao Economica do Estado do Espiritonto's Inventory Turnover for the quarter that ended in Dec. 2011 is calculated as

	Inventory Turnover (Q: Dec. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2011 )	/ (	(Total Inventories (Q: Dec. 2010 )	+	Total Inventories (Q: Dec. 2011 ))	/	count )
=	8.1030000000001	/ (	(0	+	0)	/	1 )
=	8.1030000000001	/	0
=	N/A

Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) 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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Days Inventory for the six months ended in Dec. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2011 )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
	=	0	/	8.1030000000001	*	365 / 2
	=	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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Inventory to Revenue for the quarter that ended in Dec. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2011 )	/	Revenue (Q: Dec. 2011 )
	=	0	/	4129.189
	=	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.

Fundo de Recuperacao Economica do Estado do Espiritonto Inventory Turnover Related Terms

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Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fundo de Recuperacao Economica do Estado do Espirito Santo (BSP:FRES11) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

R. Alberto Oliveira Santos, 42 - Sala 1.506, Vitoria, ES, BRA, 29010901

Website

http://www.geres.gov.br

Fundo de Recuperacao Economica do Estado do Espirito Santo is an open-end pension fund that collect GST and income tax based on taxable income.

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