China TMK Battery Systems (China TMK Battery Systems) Inventory Turnover : 1.60 (As of Sep. 2011)

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What is China TMK Battery Systems 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 TMK Battery Systems's Cost of Goods Sold for the three months ended in Sep. 2011 was $20.10 Mil. China TMK Battery Systems's Average Total Inventories for the quarter that ended in Sep. 2011 was $12.53 Mil. China TMK Battery Systems's Inventory Turnover for the quarter that ended in Sep. 2011 was 1.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China TMK Battery Systems's Days Inventory for the three months ended in Sep. 2011 was 56.91.

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. China TMK Battery Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2011 was 0.49.

China TMK Battery Systems Inventory Turnover Historical Data

The historical data trend for China TMK Battery Systems'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.
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China TMK Battery Systems Inventory Turnover Chart

China TMK Battery Systems Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Dec10

Inventory Turnover

10.28

China TMK Battery Systems Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Inventory Turnover	Get a 7-Day Free Trial															2.46	3.25	2.75	1.97	1.60

China TMK Battery Systems Inventory Turnover Calculation

China TMK Battery Systems's Inventory Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Inventory Turnover (A: Dec. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2010 )	/ (	(Total Inventories (A: Sep. 2009 )	+	Total Inventories (A: Dec. 2010 ))	/	count )
=	51.139	/ (	(0	+	4.974)	/	1 )
=	51.139	/	4.974
=	10.28

China TMK Battery Systems's Inventory Turnover for the quarter that ended in Sep. 2011 is calculated as

	Inventory Turnover (Q: Sep. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2011 )	/ (	(Total Inventories (Q: Jun. 2011 )	+	Total Inventories (Q: Sep. 2011 ))	/	count )
=	20.096	/ (	(13.322	+	11.746)	/	2 )
=	20.096	/	12.534
=	1.60

China TMK Battery Systems (OTCPK:DFEL) 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 TMK Battery Systems's Days Inventory for the three months ended in Sep. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2011 )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
	=	12.534	/	20.096	*	365 / 4
	=	56.91

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.

China TMK Battery Systems's Inventory to Revenue for the quarter that ended in Sep. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2011 )	/	Revenue (Q: Sep. 2011 )
	=	12.534	/	25.373
	=	0.49

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 TMK Battery Systems Inventory Turnover Related Terms

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China TMK Battery Systems (China TMK Battery Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China TMK Battery Systems Inc (OTCPK:DFEL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Fuhua Road, Room 2406, East Block, Great China International Exchange Square, Futian District, Shenzhen, CHN, 7390

Website

https://www.tmk-battery.com

China TMK Battery Systems Inc is a United States is based on the research and development, manufacturing, sales and service of core products in the new energy industry. The company has newly established a number of wholly-owned subsidiaries in mainland China, which are distributed in the centralized rapid charging for new energy vehicles, lithium batteries, new materials, artificial intelligence basic software equipment, Internet and other.

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