ICTY (Eyecity.com) Inventory Turnover: 0.18 (As of Dec. 2001)


What is Eyecity.com Inventory Turnover?

Eyecity.com ICTY Inventory Turnover is 0.18 as of Dec. 2001.

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. Eyecity.com's Cost of Goods Sold for the three months ended in Dec. 2001 was $0.01 Mil. Eyecity.com's Average Total Inventories for the quarter that ended in Dec. 2001 was $0.08 Mil. Eyecity.com's Inventory Turnover for the quarter that ended in Dec. 2001 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eyecity.com's Days Inventory for the three months ended in Dec. 2001 was 495.36.

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. Eyecity.com's Inventory-to-Revenue for the quarter that ended in Dec. 2001 was 2.71.

Eyecity.com  (OTCPK:ICTY) 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.

Eyecity.com's Days Inventory for the three months ended in Dec. 2001 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2001 )/Cost of Goods Sold (Q: Dec. 2001 )*Days in Period
=0.076/0.014*365 / 4
=495.36

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.

Eyecity.com's Inventory to Revenue for the quarter that ended in Dec. 2001 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2001 ) / Revenue (Q: Dec. 2001 )
=0.076 / 0.028
=2.71

* 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.

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.

Eyecity.com Inventory Turnover Related Terms

Eyecity.com Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Eyecity.com'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.

Eyecity.com Inventory Turnover Chart

Eyecity.com Annual Data
Trend Dec99 Dec00 Dec01
Inventory Turnover
2.87 4.47 0.47

Eyecity.com Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 1.51 0.15 0.32 0.30 0.18

Eyecity.com Inventory Turnover Calculation

Eyecity.com's Inventory Turnover for the fiscal year that ended in Dec. 2001 is calculated as

Inventory Turnover (A: Dec. 2001 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2001 ) / ((Total Inventories (A: Dec. 2000 ) + Total Inventories (A: Dec. 2001 )) / count )
=0.091 / ((0.311 + 0.076) / 2 )
=0.091 / 0.1935
=0.47

Eyecity.com's Inventory Turnover for the quarter that ended in Dec. 2001 is calculated as

Inventory Turnover (Q: Dec. 2001 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2001 ) / ((Total Inventories (Q: Sep. 2001 ) + Total Inventories (Q: Dec. 2001 )) / count )
=0.014 / ((0.076 + 0.076) / 2 )
=0.014 / 0.076
=0.18

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.18 mean?
Eyecity.com (ICTY) has a Inventory Turnover of 0.18 as of Dec. 2001. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Eyecity.com and its competitors.
Is Eyecity.com's Inventory Turnover too high?
Eyecity.com's current Inventory Turnover is 0.18.
How does Eyecity.com's Inventory Turnover compare to NLSC and BOTH?
Eyecity.com's Inventory Turnover of 0.18 can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Diversified Financial Services company?
A good Inventory Turnover depends on the Diversified Financial Services industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Eyecity.com and its competitors. Eyecity.com's current Inventory Turnover is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eyecity.com stock overvalued right now?
Eyecity.com (ICTY) has a current Inventory Turnover of 0.18. The current Inventory Turnover is 0.18. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Eyecity.com (ICTY), the current Inventory Turnover is 0.18 as of Dec. 2001. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Eyecity.com Business Description

Address 5230 Land of Lake Boulevard, Suite 431, Land of Lakes, FL, USA, 34639
Eyecity.com Inc has formed a joint venture (JV) with an existing multimedia generation company, focusing on monetizing celebrity contacts and content by leveraging proprietary marketing tools and tested strategies to increase promotions, drive awareness, and expand audiences. The company has acquired two real estate projects in Brazil for development and is working to advance those projects. It has also acquired a note and intellectual property related to the Smart City business.