Kali (KALY) Inventory Turnover : 7.10 (As of Mar. 2013)

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What is Kali 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. Kali's Cost of Goods Sold for the three months ended in Mar. 2013 was $15.1 Mil. Kali's Average Total Inventories for the quarter that ended in Mar. 2013 was $2.1 Mil. Kali's Inventory Turnover for the quarter that ended in Mar. 2013 was 7.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kali's Days Inventory for the three months ended in Mar. 2013 was 12.84.

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. Kali's Inventory-to-Revenue for the quarter that ended in Mar. 2013 was 0.08.

Kali Inventory Turnover Historical Data

The historical data trend for Kali'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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Kali Inventory Turnover Chart

Kali Annual Data

Trend

Nov06

Nov07

Nov08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

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144.14

93.42

39.51

29.23

Kali Quarterly Data
	May08	Aug08	Nov08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Inventory Turnover	Get a 7-Day Free Trial															3.86	3.02	1.47	3.34	7.10

Kali Inventory Turnover Calculation

Kali's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	52.49	/ (	(1.88	+	1.712)	/	2 )
=	52.49	/	1.796
=	29.23

Kali's Inventory Turnover for the quarter that ended in Mar. 2013 is calculated as

	Inventory Turnover (Q: Mar. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2013 )	/ (	(Total Inventories (Q: Dec. 2012 )	+	Total Inventories (Q: Mar. 2013 ))	/	count )
=	15.072	/ (	(1.712	+	2.531)	/	2 )
=	15.072	/	2.1215
=	7.10

Kali (OTCPK:KALY) 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.

Kali's Days Inventory for the three months ended in Mar. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2013 )	/	Cost of Goods Sold (Q: Mar. 2013 )	*	Days in Period
	=	2.1215	/	15.072	*	365 / 4
	=	12.84

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.

Kali's Inventory to Revenue for the quarter that ended in Mar. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2013 )	/	Revenue (Q: Mar. 2013 )
	=	2.1215	/	26.61
	=	0.08

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.

Kali Inventory Turnover Related Terms

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Kali (KALY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kali Inc (OTCPK:KALY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8300 Douglas Avenue, Suite 800, Dallas, TX, USA, 75225

Website

https://www.kali-extracts.com

Kali Inc is a United States based company involved in cannabis extraction business. It focuses on development of pharmaceuticals to treat various illnesses, diseases and chronic pain as a symptom of various diagnoses. The company also concentrates on the development of health and wellness therapies.

Executives

Tchaikovsky Bennet Price Jr	officer: Chief Financial Officer	11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Ying Teresa Zhang	director	NO. 9 YANYU MIDDLE ROAD, QIANZHOU VILLAGE, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Bradley W Miller	director, 10 percent owner, officer: CEO	BLOCK C FLAT 410, LOTUS HILL GOLF APTS., LOTUS HILL TOWN, PANYU DISTRICT, GUANGZHOU F4 511440