Itoco (ITMC) Inventory Turnover : 0.16 (As of Sep. 2010)

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What is Itoco 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. Itoco's Cost of Goods Sold for the three months ended in Sep. 2010 was $0.01 Mil. Itoco's Average Total Inventories for the quarter that ended in Sep. 2010 was $0.06 Mil. Itoco's Inventory Turnover for the quarter that ended in Sep. 2010 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Itoco's Days Inventory for the three months ended in Sep. 2010 was 567.78.

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. Itoco's Inventory-to-Revenue for the quarter that ended in Sep. 2010 was 5.09.

Itoco Inventory Turnover Historical Data

The historical data trend for Itoco'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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Itoco Inventory Turnover Chart

Itoco Annual Data

Trend

Dec08

Dec09

Inventory Turnover

3.71

3.46

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Inventory Turnover	Get a 7-Day Free Trial						-	9.26	0.20	0.02	0.16

Itoco Inventory Turnover Calculation

Itoco's Inventory Turnover for the fiscal year that ended in Dec. 2009 is calculated as

	Inventory Turnover (A: Dec. 2009 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2009 )	/ (	(Total Inventories (A: Dec. 2008 )	+	Total Inventories (A: Dec. 2009 ))	/	count )
=	1.241	/ (	(0.66	+	0.058)	/	2 )
=	1.241	/	0.359
=	3.46

Itoco's Inventory Turnover for the quarter that ended in Sep. 2010 is calculated as

	Inventory Turnover (Q: Sep. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2010 )	/ (	(Total Inventories (Q: Jun. 2010 )	+	Total Inventories (Q: Sep. 2010 ))	/	count )
=	0.009	/ (	(0.055	+	0.057)	/	2 )
=	0.009	/	0.056
=	0.16

Itoco (OTCPK:ITMC) 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.

Itoco's Days Inventory for the three months ended in Sep. 2010 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2010 )	/	Cost of Goods Sold (Q: Sep. 2010 )	*	Days in Period
	=	0.056	/	0.009	*	365 / 4
	=	567.78

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.

Itoco's Inventory to Revenue for the quarter that ended in Sep. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2010 )	/	Revenue (Q: Sep. 2010 )
	=	0.056	/	0.011
	=	5.09

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.

Itoco Inventory Turnover Related Terms

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Itoco (ITMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Itoco Inc (OTCPK:ITMC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.