JMIH (Jupiter Marine International Holdings) Inventory Turnover : 1.59 (As of Oct. 2007)

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What is Jupiter Marine International Holdings 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. Jupiter Marine International Holdings's Cost of Goods Sold for the three months ended in Oct. 2007 was $2.99 Mil. Jupiter Marine International Holdings's Average Total Inventories for the quarter that ended in Oct. 2007 was $1.88 Mil. Jupiter Marine International Holdings's Inventory Turnover for the quarter that ended in Oct. 2007 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jupiter Marine International Holdings's Days Inventory for the three months ended in Oct. 2007 was 57.31.

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. Jupiter Marine International Holdings's Inventory-to-Revenue for the quarter that ended in Oct. 2007 was 0.49.

Jupiter Marine International Holdings Inventory Turnover Historical Data

The historical data trend for Jupiter Marine International Holdings'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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Jupiter Marine International Holdings Inventory Turnover Chart

Jupiter Marine International Holdings Annual Data

Trend

Jul01

Jul03

Jul04

Jul05

Jul06

Jul07

Inventory Turnover

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8.24

7.65

6.67

5.43

5.50

Jupiter Marine International Holdings Quarterly Data
	Oct01	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07
Inventory Turnover	Get a 7-Day Free Trial													1.05	1.01	1.05	1.45	1.59

Jupiter Marine International Holdings Inventory Turnover Calculation

Jupiter Marine International Holdings's Inventory Turnover for the fiscal year that ended in Jul. 2007 is calculated as

	Inventory Turnover (A: Jul. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2007 )	/ (	(Total Inventories (A: Jul. 2006 )	+	Total Inventories (A: Jul. 2007 ))	/	count )
=	12.519	/ (	(2.776	+	1.775)	/	2 )
=	12.519	/	2.2755
=	5.50

Jupiter Marine International Holdings's Inventory Turnover for the quarter that ended in Oct. 2007 is calculated as

	Inventory Turnover (Q: Oct. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2007 )	/ (	(Total Inventories (Q: Jul. 2007 )	+	Total Inventories (Q: Oct. 2007 ))	/	count )
=	2.991	/ (	(1.775	+	1.982)	/	2 )
=	2.991	/	1.8785
=	1.59

Jupiter Marine International Holdings (OTCPK:JMIH) 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.

Jupiter Marine International Holdings's Days Inventory for the three months ended in Oct. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2007 )	/	Cost of Goods Sold (Q: Oct. 2007 )	*	Days in Period
	=	1.8785	/	2.991	*	365 / 4
	=	57.31

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.

Jupiter Marine International Holdings's Inventory to Revenue for the quarter that ended in Oct. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2007 )	/	Revenue (Q: Oct. 2007 )
	=	1.8785	/	3.858
	=	0.49

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.

Jupiter Marine International Holdings Inventory Turnover Related Terms

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Jupiter Marine International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jupiter Marine International Holdings Inc (OTCPK:JMIH) » Definitions » Inventory Turnover

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Address

1103 12th Avenue East, Palmetto, FL, USA, 34221

Website

http://www.jupitermarine.com

Jupiter Marine International Holdings Inc designs, manufactures and markets sport fishing boats like 29 Forward Seating Center Console, 31 Open Center Console, 31 Cuddy Cabin and 31 Forward Seating Center Console. Geographically the business activities are carried out through Palmetto, Florida.

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