China Taifeng Beddings Holdings (China Taifeng Beddings Holdings) Inventory Turnover : 7.74 (As of Jun. 2014)

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What is China Taifeng Beddings Holdings 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. China Taifeng Beddings Holdings's Cost of Goods Sold for the six months ended in Jun. 2014 was $96.0 Mil. China Taifeng Beddings Holdings's Average Total Inventories for the quarter that ended in Jun. 2014 was $12.4 Mil. China Taifeng Beddings Holdings's Inventory Turnover for the quarter that ended in Jun. 2014 was 7.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Taifeng Beddings Holdings's Days Inventory for the six months ended in Jun. 2014 was 23.57.

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. China Taifeng Beddings Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.12.

China Taifeng Beddings Holdings Inventory Turnover Historical Data

The historical data trend for China Taifeng Beddings Holdings'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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China Taifeng Beddings Holdings Inventory Turnover Chart

China Taifeng Beddings Holdings Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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7.79

10.49

10.55

14.37

19.47

China Taifeng Beddings Holdings Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Inventory Turnover	Get a 7-Day Free Trial						7.15	8.37	7.66	7.35	7.74

China Taifeng Beddings Holdings Inventory Turnover Calculation

China Taifeng Beddings Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	250.26	/ (	(13.892	+	11.813)	/	2 )
=	250.26	/	12.8525
=	19.47

China Taifeng Beddings Holdings's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

	Inventory Turnover (Q: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2014 )	/ (	(Total Inventories (Q: Dec. 2013 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )
=	95.959	/ (	(11.813	+	12.978)	/	2 )
=	95.959	/	12.3955
=	7.74

China Taifeng Beddings Holdings (OTCPK:CBEDF) 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.

China Taifeng Beddings Holdings's Days Inventory for the six months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	12.3955	/	95.959	*	365 / 2
	=	23.57

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.

China Taifeng Beddings Holdings's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	12.3955	/	106.804
	=	0.12

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.

China Taifeng Beddings Holdings Inventory Turnover Related Terms

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China Taifeng Beddings Holdings (China Taifeng Beddings Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Taifeng Beddings Holdings Ltd (OTCPK:CBEDF) » Definitions » Inventory Turnover

Traded in Other Exchanges

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Address

Website

http://www.taifeng.cc

China Taifeng Beddings Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of cotton yarns and bedding products in China. The Manufacture and Distribution of Cotton Yarns segment are engaged in the manufacture of cotton yarns tailored to the requirements of customers, as well as the distribution of the cotton yarns to textile manufacturers in domestic and overseas markets. The Manufacture and Distribution of Bedding Products segment are engaged in the manufacture and distribution of bed covers, flat sheets, pillowcases, bed sheets, quilt covers and other bedding products. Its products are sold under TAIFENG brand in China market or sold to overseas original equipment manufacturer customers under their international brands.

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