Diamond Discoveries International (Diamond Discoveries International) Inventory Turnover : 0.00 (As of Sep. 2011)

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What is Diamond Discoveries International 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. Diamond Discoveries International's Cost of Goods Sold for the three months ended in Sep. 2011 was $0.00 Mil. Diamond Discoveries International's Average Total Inventories for the quarter that ended in Sep. 2011 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.

Diamond Discoveries International Inventory Turnover Historical Data

The historical data trend for Diamond Discoveries International'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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Diamond Discoveries International Inventory Turnover Chart

Diamond Discoveries International Annual Data

Trend

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Inventory Turnover

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Diamond Discoveries International 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															-	-	-	-	-

Diamond Discoveries International Inventory Turnover Calculation

Diamond Discoveries International'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: Dec. 2009 )	+	Total Inventories (A: Dec. 2010 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Diamond Discoveries International'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Diamond Discoveries International (OTCPK:DMDD) 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.

Diamond Discoveries International'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
	=	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.

Diamond Discoveries International'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 )
	=	0	/	0
	=

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.

Diamond Discoveries International Inventory Turnover Related Terms

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Diamond Discoveries International (Diamond Discoveries International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Diamond Discoveries International Corp (OTCPK:DMDD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

45 Rockefeller Plaza, Suite 2000, New York, NY, USA, 10111

Website

http://www.diamonddiscoveries.com

Diamond Discoveries International Corp is a mineral exploration company. It is engaged in activities related to the exploration of mineral resources in Canada.

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