L & L Energy (FRA:7LM) Inventory Turnover : 2.63 (As of Jan. 2014)

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What is L & L Energy 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. L & L Energy's Cost of Goods Sold for the three months ended in Jan. 2014 was €16.0 Mil. L & L Energy's Average Total Inventories for the quarter that ended in Jan. 2014 was €6.1 Mil. L & L Energy's Inventory Turnover for the quarter that ended in Jan. 2014 was 2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. L & L Energy's Days Inventory for the three months ended in Jan. 2014 was 34.65.

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. L & L Energy's Inventory-to-Revenue for the quarter that ended in Jan. 2014 was 0.26.

L & L Energy Inventory Turnover Historical Data

The historical data trend for L & L Energy'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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L & L Energy Inventory Turnover Chart

L & L Energy Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Inventory Turnover

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13.58

10.23

11.21

14.95

22.81

L & L Energy Quarterly Data
	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14
Inventory Turnover	Get a 7-Day Free Trial															5.81	4.44	4.19	3.10	2.63

L & L Energy Inventory Turnover Calculation

L & L Energy's Inventory Turnover for the fiscal year that ended in Apr. 2013 is calculated as

	Inventory Turnover (A: Apr. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2013 )	/ (	(Total Inventories (A: Apr. 2012 )	+	Total Inventories (A: Apr. 2013 ))	/	count )
=	105.539	/ (	(3.759	+	5.495)	/	2 )
=	105.539	/	4.627
=	22.81

L & L Energy's Inventory Turnover for the quarter that ended in Jan. 2014 is calculated as

	Inventory Turnover (Q: Jan. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2014 )	/ (	(Total Inventories (Q: Oct. 2013 )	+	Total Inventories (Q: Jan. 2014 ))	/	count )
=	15.982	/ (	(5.931	+	6.205)	/	2 )
=	15.982	/	6.068
=	2.63

L & L Energy (FRA:7LM) 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.

L & L Energy's Days Inventory for the three months ended in Jan. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2014 )	/	Cost of Goods Sold (Q: Jan. 2014 )	*	Days in Period
	=	6.068	/	15.982	*	365 / 4
	=	34.65

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.

L & L Energy's Inventory to Revenue for the quarter that ended in Jan. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2014 )	/	Revenue (Q: Jan. 2014 )
	=	6.068	/	23.247
	=	0.26

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.

L & L Energy Inventory Turnover Related Terms

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L & L Energy (FRA:7LM) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » L & L Energy Inc (FRA:7LM) » Definitions » Inventory Turnover

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Address

130 Andover Park East, Suite 101, Seattle, WA, USA, 98188

Website

http://www.lnlinternational.com

L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China.

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