McHenry Metals Golf (McHenry Metals Golf) Inventory Turnover : 0.27 (As of Sep. 2001)

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What is McHenry Metals Golf 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. McHenry Metals Golf's Cost of Goods Sold for the three months ended in Sep. 2001 was $0.02 Mil. McHenry Metals Golf's Average Total Inventories for the quarter that ended in Sep. 2001 was $0.06 Mil. McHenry Metals Golf's Inventory Turnover for the quarter that ended in Sep. 2001 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McHenry Metals Golf's Days Inventory for the three months ended in Sep. 2001 was 338.16.

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. McHenry Metals Golf's Inventory-to-Revenue for the quarter that ended in Sep. 2001 was 5.73.

McHenry Metals Golf Inventory Turnover Historical Data

The historical data trend for McHenry Metals Golf'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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McHenry Metals Golf Inventory Turnover Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

Inventory Turnover

3.12

2.38

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
Inventory Turnover	Get a 7-Day Free Trial			0.89	0.03	1.28	0.11	0.27

McHenry Metals Golf Inventory Turnover Calculation

McHenry Metals Golf's Inventory Turnover for the fiscal year that ended in Dec. 2000 is calculated as

	Inventory Turnover (A: Dec. 2000 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2000 )	/ (	(Total Inventories (A: Dec. 2099 )	+	Total Inventories (A: Dec. 2000 ))	/	count )
=	0.802	/ (	(0.55	+	0.123)	/	2 )
=	0.802	/	0.3365
=	2.38

McHenry Metals Golf's Inventory Turnover for the quarter that ended in Sep. 2001 is calculated as

	Inventory Turnover (Q: Sep. 2001 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2001 )	/ (	(Total Inventories (Q: Jun. 2001 )	+	Total Inventories (Q: Sep. 2001 ))	/	count )
=	0.017	/ (	(0.063	+	0)	/	1 )
=	0.017	/	0.063
=	0.27

McHenry Metals Golf (OTCPK:GLFN) 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.

McHenry Metals Golf's Days Inventory for the three months ended in Sep. 2001 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2001 )	/	Cost of Goods Sold (Q: Sep. 2001 )	*	Days in Period
	=	0.063	/	0.017	*	365 / 4
	=	338.16

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.

McHenry Metals Golf's Inventory to Revenue for the quarter that ended in Sep. 2001 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2001 )	/	Revenue (Q: Sep. 2001 )
	=	0.063	/	0.011
	=	5.73

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.

McHenry Metals Golf Inventory Turnover Related Terms

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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

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