Diamant Art (Diamant Art) Inventory Turnover : 0.00 (As of Nov. 2007)

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What is Diamant Art 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. Diamant Art's Cost of Goods Sold for the three months ended in Nov. 2007 was $0.00 Mil. Diamant Art's Average Total Inventories for the quarter that ended in Nov. 2007 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Diamant Art's Inventory-to-Revenue for the quarter that ended in Nov. 2007 was 0.00.

Diamant Art Inventory Turnover Historical Data

The historical data trend for Diamant Art'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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Diamant Art Inventory Turnover Chart

Diamant Art Annual Data

Trend

Nov00

Nov01

Nov02

Nov03

Nov04

Nov05

Nov06

Nov07

Inventory Turnover

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4.18

5.30

3.13

2.93

7.98

Diamant Art Quarterly Data
	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Diamant Art Inventory Turnover Calculation

Diamant Art's Inventory Turnover for the fiscal year that ended in Nov. 2007 is calculated as

	Inventory Turnover (A: Nov. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2007 )	/ (	(Total Inventories (A: Nov. 2006 )	+	Total Inventories (A: Nov. 2007 ))	/	count )
=	0.487	/ (	(0.061	+	0)	/	1 )
=	0.487	/	0.061
=	7.98

Diamant Art's Inventory Turnover for the quarter that ended in Nov. 2007 is calculated as

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

Diamant Art (OTCPK:DIAAF) 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.

Diamant Art's Days Inventory for the three months ended in Nov. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2007 )	/	Cost of Goods Sold (Q: Nov. 2007 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Diamant Art's Inventory to Revenue for the quarter that ended in Nov. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2007 )	/	Revenue (Q: Nov. 2007 )
	=	0	/	0.088
	=	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.

Diamant Art Inventory Turnover Related Terms

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Diamant Art (Diamant Art) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Diamant Art Corp (OTCPK:DIAAF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

5-7100 Warden Avenue, Markham, ON, CAN, L3R 8b5

Website

http://www.diamantfilm.com

Diamant Art Corp is engaged in the production, distribution and marketing of replications of original paintings.

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