China Specialty Glass AG (FRA:8GS) Inventory Turnover : 6.69 (As of Jun. 2014)

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What is China Specialty Glass AG 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 Specialty Glass AG's Cost of Goods Sold for the three months ended in Jun. 2014 was €15.8 Mil. China Specialty Glass AG's Average Total Inventories for the quarter that ended in Jun. 2014 was €2.4 Mil. China Specialty Glass AG's Inventory Turnover for the quarter that ended in Jun. 2014 was 6.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Specialty Glass AG's Days Inventory for the three months ended in Jun. 2014 was 13.64.

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 Specialty Glass AG's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.08.

China Specialty Glass AG Inventory Turnover Historical Data

The historical data trend for China Specialty Glass AG'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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China Specialty Glass AG Inventory Turnover Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

20.75

25.59

30.04

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Inventory Turnover	Get a 7-Day Free Trial									5.87	6.72	4.57	6.71	6.69

China Specialty Glass AG Inventory Turnover Calculation

China Specialty Glass AG's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	68.051	/ (	(2.398	+	2.132)	/	2 )
=	68.051	/	2.265
=	30.04

China Specialty Glass AG's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

	Inventory Turnover (Q: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2014 )	/ (	(Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )
=	15.798	/ (	(2.572	+	2.15)	/	2 )
=	15.798	/	2.361
=	6.69

China Specialty Glass AG (FRA:8GS) 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 Specialty Glass AG's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	2.361	/	15.798	*	365 / 4
	=	13.64

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 Specialty Glass AG's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	2.361	/	28.688
	=	0.08

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 Specialty Glass AG Inventory Turnover Related Terms

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China Specialty Glass AG (FRA:8GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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