Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) Inventory Turnover : 6.72 (As of Sep. 2011)

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What is Ericom Telekomunikasyon ve Enerji Teknolojileri AS 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. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Cost of Goods Sold for the three months ended in Sep. 2011 was ₺4.81 Mil. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Average Total Inventories for the quarter that ended in Sep. 2011 was ₺0.72 Mil. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Inventory Turnover for the quarter that ended in Sep. 2011 was 6.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Days Inventory for the three months ended in Sep. 2011 was 13.57.

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. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Inventory-to-Revenue for the quarter that ended in Sep. 2011 was 0.13.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Inventory Turnover Historical Data

The historical data trend for Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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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Ericom Telekomunikasyon ve Enerji Teknolojileri AS Inventory Turnover Chart

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Annual Data

Trend

Dec08

Dec09

Dec10

Inventory Turnover

19.74

22.84

28.55

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Quarterly Data
	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Inventory Turnover	Get a 7-Day Free Trial				-	7.10	0.96	4.69	6.72

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Inventory Turnover Calculation

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Inventory Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Inventory Turnover (A: Dec. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2010 )	/ (	(Total Inventories (A: Dec. 2009 )	+	Total Inventories (A: Dec. 2010 ))	/	count )
=	14.377	/ (	(0.598	+	0.409)	/	2 )
=	14.377	/	0.5035
=	28.55

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Inventory Turnover for the quarter that ended in Sep. 2011 is calculated as

	Inventory Turnover (Q: Sep. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2011 )	/ (	(Total Inventories (Q: Jun. 2011 )	+	Total Inventories (Q: Sep. 2011 ))	/	count )
=	4.811	/ (	(0.553	+	0.878)	/	2 )
=	4.811	/	0.7155
=	6.72

Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) 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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Days Inventory for the three months ended in Sep. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2011 )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
	=	0.7155	/	4.811	*	365 / 4
	=	13.57

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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Inventory to Revenue for the quarter that ended in Sep. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2011 )	/	Revenue (Q: Sep. 2011 )
	=	0.7155	/	5.516
	=	0.13

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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Inventory Turnover Related Terms

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Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cd. USO Center, Merkezi No:245 Kat:17, Istanbul, TUR

Website

http://www.ericom.com.tr

Ericom Telekomunikasyon ve Enerji Teknolojileri A.S. is engaged in the supply of energy storage systems. The Company markets lead acid, lithium-ferrite, and vanadium redox type flow battery systems to cellular communications services providers.

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