Integral Vision (Integral Vision) Inventory Turnover : 1.78 (As of Jun. 2012)

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What is Integral Vision 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. Integral Vision's Cost of Goods Sold for the three months ended in Jun. 2012 was $0.34 Mil. Integral Vision's Average Total Inventories for the quarter that ended in Jun. 2012 was $0.19 Mil. Integral Vision's Inventory Turnover for the quarter that ended in Jun. 2012 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integral Vision's Days Inventory for the three months ended in Jun. 2012 was 51.29.

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. Integral Vision's Inventory-to-Revenue for the quarter that ended in Jun. 2012 was 0.25.

Integral Vision Inventory Turnover Historical Data

The historical data trend for Integral Vision'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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Integral Vision Inventory Turnover Chart

Integral Vision Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Inventory Turnover

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2.77

2.00

3.38

3.05

1.64

Integral Vision Quarterly Data
	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12
Inventory Turnover	Get a 7-Day Free Trial															0.23	1.65	0.34	1.96	1.78

Integral Vision Inventory Turnover Calculation

Integral Vision's Inventory Turnover for the fiscal year that ended in Dec. 2011 is calculated as

	Inventory Turnover (A: Dec. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2011 )	/ (	(Total Inventories (A: Dec. 2010 )	+	Total Inventories (A: Dec. 2011 ))	/	count )
=	0.341	/ (	(0.213	+	0.203)	/	2 )
=	0.341	/	0.208
=	1.64

Integral Vision's Inventory Turnover for the quarter that ended in Jun. 2012 is calculated as

	Inventory Turnover (Q: Jun. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2012 )	/ (	(Total Inventories (Q: Mar. 2012 )	+	Total Inventories (Q: Jun. 2012 ))	/	count )
=	0.338	/ (	(0.289	+	0.091)	/	2 )
=	0.338	/	0.19
=	1.78

Integral Vision (OTCPK:INVI) 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.

Integral Vision's Days Inventory for the three months ended in Jun. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2012 )	/	Cost of Goods Sold (Q: Jun. 2012 )	*	Days in Period
	=	0.19	/	0.338	*	365 / 4
	=	51.29

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.

Integral Vision's Inventory to Revenue for the quarter that ended in Jun. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2012 )	/	Revenue (Q: Jun. 2012 )
	=	0.19	/	0.764
	=	0.25

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.

Integral Vision Inventory Turnover Related Terms

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Integral Vision (Integral Vision) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Integral Vision Inc (OTCPK:INVI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

49113 Wixom Tech Drive, Wixom, MI, USA, 48393

Website

http://www.iv-usa.com

Integral Vision Inc develops, manufactures and markets flat panel display inspection systems to ensure product quality in the display manufacturing process.

Executives

Bonanza Capital Ltd	10 percent owner	300 CRESCENT COURT, SUITE 250, DALLAS TX 75201
Bonanza Master Fund Ltd	10 percent owner	C/O J.D. CLARK & CO., 2225 WASHINGTON BLVD., SUITE 300, OGDEN UT 84401
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

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