Campbell Resources (Campbell Resources) Inventory Turnover : 0.85 (As of Sep. 2008)

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What is Campbell 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. Campbell Resources's Cost of Goods Sold for the three months ended in Sep. 2008 was $7.47 Mil. Campbell Resources's Average Total Inventories for the quarter that ended in Sep. 2008 was $8.75 Mil. Campbell Resources's Inventory Turnover for the quarter that ended in Sep. 2008 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Campbell Resources's Days Inventory for the three months ended in Sep. 2008 was 106.91.

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. Campbell Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2008 was 1.53.

Campbell Resources Inventory Turnover Historical Data

The historical data trend for Campbell 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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Campbell Resources Inventory Turnover Chart

Campbell Resources Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Inventory Turnover

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6.34

4.97

4.64

3.69

9.87

Campbell Resources Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Inventory Turnover	Get a 7-Day Free Trial															1.38	2.13	0.20	1.94	0.85

Campbell Resources Inventory Turnover Calculation

Campbell Resources's Inventory Turnover for the fiscal year that ended in Dec. 2007 is calculated as

	Inventory Turnover (A: Dec. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2007 )	/ (	(Total Inventories (A: Dec. 2006 )	+	Total Inventories (A: Dec. 2007 ))	/	count )
=	38.355	/ (	(3.681	+	4.091)	/	2 )
=	38.355	/	3.886
=	9.87

Campbell Resources's Inventory Turnover for the quarter that ended in Sep. 2008 is calculated as

	Inventory Turnover (Q: Sep. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2008 )	/ (	(Total Inventories (Q: Jun. 2008 )	+	Total Inventories (Q: Sep. 2008 ))	/	count )
=	7.466	/ (	(9.834	+	7.66)	/	2 )
=	7.466	/	8.747
=	0.85

Campbell Resources (OTCPK:CBLRF) 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.

Campbell Resources's Days Inventory for the three months ended in Sep. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2008 )	/	Cost of Goods Sold (Q: Sep. 2008 )	*	Days in Period
	=	8.747	/	7.466	*	365 / 4
	=	106.91

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.

Campbell Resources's Inventory to Revenue for the quarter that ended in Sep. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2008 )	/	Revenue (Q: Sep. 2008 )
	=	8.747	/	5.709
	=	1.53

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.

Campbell Resources Inventory Turnover Related Terms

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Campbell Resources (Campbell Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Campbell Resources Inc (OTCPK:CBLRF) » Definitions » Inventory Turnover

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Address

1155 Rue University, Suite 1405, Montreal, QC, CAN, H3B 3A7

Website

http://www.campbellresources.com

Campbell Resources Inc is a junior mining company that operates gold and copper mines and owns a number of additional exploration properties.

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