Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Inventory Turnover : 0.00 (As of Jun. 2009)

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What is Changming Industrial Management Group Holding 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. Changming Industrial Management Group Holding's Cost of Goods Sold for the three months ended in Jun. 2009 was $0.05 Mil. Changming Industrial Management Group Holding's Average Total Inventories for the quarter that ended in Jun. 2009 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changming Industrial Management Group Holding's Days Inventory for the three months ended in Jun. 2009 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. Changming Industrial Management Group Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2009 was 0.00.

Changming Industrial Management Group Holding Inventory Turnover Historical Data

The historical data trend for Changming Industrial Management Group Holding'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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Changming Industrial Management Group Holding Inventory Turnover Chart

Changming Industrial Management Group Holding Annual Data

Trend

May07

May08

Inventory Turnover

Changming Industrial Management Group Holding Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Sep08	Dec08	Mar09	Jun09
Inventory Turnover	Get a 7-Day Free Trial						-	-	-	-	-

Changming Industrial Management Group Holding Inventory Turnover Calculation

Changming Industrial Management Group Holding's Inventory Turnover for the fiscal year that ended in May. 2008 is calculated as

	Inventory Turnover (A: May. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2008 )	/ (	(Total Inventories (A: May. 2007 )	+	Total Inventories (A: May. 2008 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Changming Industrial Management Group Holding's Inventory Turnover for the quarter that ended in Jun. 2009 is calculated as

	Inventory Turnover (Q: Jun. 2009 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2009 )	/ (	(Total Inventories (Q: Mar. 2009 )	+	Total Inventories (Q: Jun. 2009 ))	/	count )
=	0.048	/ (	(0	+	0)	/	1 )
=	0.048	/	0
=	N/A

Changming Industrial Management Group Holding (OTCPK:CMIM) 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.

Changming Industrial Management Group Holding's Days Inventory for the three months ended in Jun. 2009 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2009 )	/	Cost of Goods Sold (Q: Jun. 2009 )	*	Days in Period
	=	0	/	0.048	*	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.

Changming Industrial Management Group Holding's Inventory to Revenue for the quarter that ended in Jun. 2009 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2009 )	/	Revenue (Q: Jun. 2009 )
	=	0	/	0.061
	=	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.

Changming Industrial Management Group Holding Inventory Turnover Related Terms

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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Changming Industrial Management Group Holding Inc (OTCPK:CMIM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.sxcmky.com

Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

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