ERMG (E Record Management) Inventory Turnover: 3.76 (As of Sep. 2004)


What is E Record Management Inventory Turnover?

E Record Management ERMG -99.50% Inventory Turnover is 3.76 as of Sep. 2004.

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. E Record Management's Cost of Goods Sold for the three months ended in Sep. 2004 was $0.16 Mil. E Record Management's Average Total Inventories for the quarter that ended in Sep. 2004 was $0.04 Mil. E Record Management's Inventory Turnover for the quarter that ended in Sep. 2004 was 3.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. E Record Management's Days Inventory for the three months ended in Sep. 2004 was 24.24.

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. E Record Management's Inventory-to-Revenue for the quarter that ended in Sep. 2004 was 0.14.

E Record Management  (OTCPK:ERMG) 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.

E Record Management's Days Inventory for the three months ended in Sep. 2004 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2004 )/Cost of Goods Sold (Q: Sep. 2004 )*Days in Period
=0.0425/0.16*365 / 4
=24.24

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.

E Record Management's Inventory to Revenue for the quarter that ended in Sep. 2004 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2004 ) / Revenue (Q: Sep. 2004 )
=0.0425 / 0.294
=0.14

* 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.

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.

E Record Management Inventory Turnover Related Terms

E Record Management Inventory Turnover Historical Data

* Premium members only.

The historical data trend for E Record Management'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.

E Record Management Inventory Turnover Chart

E Record Management Annual Data
Trend Dec03
Inventory Turnover
30.56

E Record Management Quarterly Data
Dec03 Mar04 Jun04 Sep04
Inventory Turnover 0.00 5.70 4.54 3.76

E Record Management Inventory Turnover Calculation

E Record Management's Inventory Turnover for the fiscal year that ended in Dec. 2003 is calculated as

Inventory Turnover (A: Dec. 2003 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2003 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: Dec. 2003 )) / count )
=1.1 / (( + 0.036) / 1 )
=1.1 / 0.036
=30.56

E Record Management's Inventory Turnover for the quarter that ended in Sep. 2004 is calculated as

Inventory Turnover (Q: Sep. 2004 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2004 ) / ((Total Inventories (Q: Jun. 2004 ) + Total Inventories (Q: Sep. 2004 )) / count )
=0.16 / ((0.039 + 0.046) / 2 )
=0.16 / 0.0425
=3.76

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 3.76 mean?
E Record Management (ERMG) has a Inventory Turnover of 3.76 as of Sep. 2004. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on E Record Management and its competitors.
Is E Record Management's Inventory Turnover too high?
E Record Management's current Inventory Turnover is 3.76.
How does E Record Management's Inventory Turnover compare to MEEC and ISNS?
E Record Management's Inventory Turnover of 3.76 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Hardware company?
A good Inventory Turnover depends on the Hardware industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on E Record Management and its competitors. E Record Management's current Inventory Turnover is 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E Record Management stock overvalued right now?
E Record Management (ERMG) has a current Inventory Turnover of 3.76. The current Inventory Turnover is 3.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For E Record Management (ERMG), the current Inventory Turnover is 3.76 as of Sep. 2004. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.