Massuh (BUE:MASU6.PFD) Inventory Turnover : 3.20 (As of Jun. 2008)

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What is Massuh 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. Massuh's Cost of Goods Sold for the six months ended in Jun. 2008 was ARS142.79 Mil. Massuh's Average Total Inventories for the quarter that ended in Jun. 2008 was ARS44.58 Mil. Massuh's Inventory Turnover for the quarter that ended in Jun. 2008 was 3.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Massuh's Days Inventory for the six months ended in Jun. 2008 was 56.98.

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. Massuh's Inventory-to-Revenue for the quarter that ended in Jun. 2008 was 0.30.

Massuh Inventory Turnover Historical Data

The historical data trend for Massuh'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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Massuh Inventory Turnover Chart

Massuh Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Inventory Turnover

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16.44

4.03

3.97

4.05

3.20

Massuh Semi-Annual Data
	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08
Inventory Turnover	Get a 7-Day Free Trial			16.44	4.03	3.97	4.05	3.20

Massuh Inventory Turnover Calculation

Massuh's Inventory Turnover for the fiscal year that ended in Jun. 2008 is calculated as

	Inventory Turnover (A: Jun. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2008 )	/ (	(Total Inventories (A: Jun. 2007 )	+	Total Inventories (A: Jun. 2008 ))	/	count )
=	142.786	/ (	(46.81	+	42.346)	/	2 )
=	142.786	/	44.578
=	3.20

Massuh's Inventory Turnover for the quarter that ended in Jun. 2008 is calculated as

	Inventory Turnover (Q: Jun. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2008 )	/ (	(Total Inventories (Q: Jun. 2007 )	+	Total Inventories (Q: Jun. 2008 ))	/	count )
=	142.786	/ (	(46.81	+	42.346)	/	2 )
=	142.786	/	44.578
=	3.20

Massuh (BUE:MASU6.PFD) 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.

Massuh's Days Inventory for the six months ended in Jun. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2008 )	/	Cost of Goods Sold (Q: Jun. 2008 )	*	Days in Period
	=	44.578	/	142.786	*	365 / 2
	=	56.98

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.

Massuh's Inventory to Revenue for the quarter that ended in Jun. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2008 )	/	Revenue (Q: Jun. 2008 )
	=	44.578	/	150.025
	=	0.30

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.

Massuh Inventory Turnover Related Terms

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Massuh (BUE:MASU6.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Massuh SA (BUE:MASU6.PFD) » Definitions » Inventory Turnover

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BUE:PREN1 BUE:CELU5

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