FirsTime Design (FirsTime Design) Inventory Turnover : 1.82 (As of Dec. 2012)

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What is FirsTime Design 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. FirsTime Design's Cost of Goods Sold for the three months ended in Dec. 2012 was $2.17 Mil. FirsTime Design's Average Total Inventories for the quarter that ended in Dec. 2012 was $1.19 Mil. FirsTime Design's Inventory Turnover for the quarter that ended in Dec. 2012 was 1.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FirsTime Design's Days Inventory for the three months ended in Dec. 2012 was 50.07.

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. FirsTime Design's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 0.46.

FirsTime Design Inventory Turnover Historical Data

The historical data trend for FirsTime Design'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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FirsTime Design Inventory Turnover Chart

FirsTime Design Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

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2.32

2.66

2.93

3.00

5.85

FirsTime Design Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.19	1.01	1.01	1.82

FirsTime Design Inventory Turnover Calculation

FirsTime Design's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	5.989	/ (	(1.009	+	1.039)	/	2 )
=	5.989	/	1.024
=	5.85

FirsTime Design's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

	Inventory Turnover (Q: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2012 )	/ (	(Total Inventories (Q: Sep. 2012 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )
=	2.166	/ (	(1.338	+	1.039)	/	2 )
=	2.166	/	1.1885
=	1.82

FirsTime Design (OTCPK:FTDL) 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.

FirsTime Design's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	1.1885	/	2.166	*	365 / 4
	=	50.07

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.

FirsTime Design's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	1.1885	/	2.61
	=	0.46

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.

FirsTime Design Inventory Turnover Related Terms

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FirsTime Design (FirsTime Design) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FirsTime Design Ltd (OTCPK:FTDL) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072

Website

https://www.firstime.com

FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.

Executives