Chemoil Energy (FRA:LHT) Inventory Turnover : 6.15 (As of Dec. 2013)

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What is Chemoil 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. Chemoil Energy's Cost of Goods Sold for the three months ended in Dec. 2013 was €2,247 Mil. Chemoil Energy's Average Total Inventories for the quarter that ended in Dec. 2013 was €366 Mil. Chemoil Energy's Inventory Turnover for the quarter that ended in Dec. 2013 was 6.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chemoil Energy's Days Inventory for the three months ended in Dec. 2013 was 14.85.

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. Chemoil Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.16.

Chemoil Energy Inventory Turnover Historical Data

The historical data trend for Chemoil 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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Chemoil Energy Inventory Turnover Chart

Chemoil Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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21.85

27.64

43.72

38.56

31.07

Chemoil Energy Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial															8.82	7.50	7.68	6.84	6.15

Chemoil Energy Inventory Turnover Calculation

Chemoil Energy'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 )
=	9248.35	/ (	(302.029	+	293.221)	/	2 )
=	9248.35	/	297.625
=	31.07

Chemoil Energy's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	2246.865	/ (	(437.976	+	293.221)	/	2 )
=	2246.865	/	365.5985
=	6.15

Chemoil Energy (FRA:LHT) 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.

Chemoil Energy's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	365.5985	/	2246.865	*	365 / 4
	=	14.85

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.

Chemoil Energy's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	365.5985	/	2353.353
	=	0.16

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.

Chemoil Energy Inventory Turnover Related Terms

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Chemoil Energy (FRA:LHT) Business Description

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Website

http://www.chemoil.com

The Joint Corp develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company has two operating business segments. The Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics. The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The Joint generates most of its revenues from its Franchise operations segment.

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