CVAS (Creative Vistas) Inventory Turnover : 1.66 (As of Sep. 2012)

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What is Creative Vistas 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. Creative Vistas's Cost of Goods Sold for the three months ended in Sep. 2012 was $0.66 Mil. Creative Vistas's Average Total Inventories for the quarter that ended in Sep. 2012 was $0.40 Mil. Creative Vistas's Inventory Turnover for the quarter that ended in Sep. 2012 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Creative Vistas's Days Inventory for the three months ended in Sep. 2012 was 54.86.

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. Creative Vistas's Inventory-to-Revenue for the quarter that ended in Sep. 2012 was 0.31.

Creative Vistas Inventory Turnover Historical Data

The historical data trend for Creative Vistas'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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Creative Vistas Inventory Turnover Chart

Creative Vistas Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Inventory Turnover

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31.34

41.41

36.98

6.21

8.79

Creative Vistas Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Inventory Turnover	Get a 7-Day Free Trial															1.44	1.75	1.82	1.76	1.66

Creative Vistas Inventory Turnover Calculation

Creative Vistas'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 )
=	3.744	/ (	(0.477	+	0.375)	/	2 )
=	3.744	/	0.426
=	8.79

Creative Vistas's Inventory Turnover for the quarter that ended in Sep. 2012 is calculated as

	Inventory Turnover (Q: Sep. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2012 )	/ (	(Total Inventories (Q: Jun. 2012 )	+	Total Inventories (Q: Sep. 2012 ))	/	count )
=	0.662	/ (	(0.423	+	0.373)	/	2 )
=	0.662	/	0.398
=	1.66

Creative Vistas (OTCPK:CVAS) 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.

Creative Vistas's Days Inventory for the three months ended in Sep. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2012 )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
	=	0.398	/	0.662	*	365 / 4
	=	54.86

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.

Creative Vistas's Inventory to Revenue for the quarter that ended in Sep. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2012 )	/	Revenue (Q: Sep. 2012 )
	=	0.398	/	1.276
	=	0.31

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.

Creative Vistas Inventory Turnover Related Terms

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Creative Vistas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Creative Vistas Inc (OTCPK:CVAS) » Definitions » Inventory Turnover

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Address

2100 Forbes Street, Unit 8-10, Whitby, ON, CAN, L1N 9T3

Website

http://www.creativevistasinc.com

Creative Vistas Inc is a provider of security-related technologies and systems. It offers integrated electronic security and surveillance solutions. Its systems are used by numerous clients including the government, school boards, retail outlets, banks, and hospitals. Through its subsidiary, the company also provisions the deployment and servicing of broadband technologies to the commercial and residential markets.

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