Location Based Technologies (Location Based Technologies) Inventory Turnover : 0.52 (As of May. 2015)

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What is Location Based Technologies 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. Location Based Technologies's Cost of Goods Sold for the three months ended in May. 2015 was $0.38 Mil. Location Based Technologies's Average Total Inventories for the quarter that ended in May. 2015 was $0.72 Mil. Location Based Technologies's Inventory Turnover for the quarter that ended in May. 2015 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Location Based Technologies's Days Inventory for the three months ended in May. 2015 was 174.59.

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. Location Based Technologies's Inventory-to-Revenue for the quarter that ended in May. 2015 was 1.30.

Location Based Technologies Inventory Turnover Historical Data

The historical data trend for Location Based Technologies'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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Location Based Technologies Inventory Turnover Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Inventory Turnover

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1.00

2.10

2.60

1.98

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Inventory Turnover	Get a 7-Day Free Trial															0.99	0.59	0.42	0.31	0.52

Location Based Technologies Inventory Turnover Calculation

Location Based Technologies's Inventory Turnover for the fiscal year that ended in Aug. 2014 is calculated as

	Inventory Turnover (A: Aug. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2014 )	/ (	(Total Inventories (A: Aug. 2013 )	+	Total Inventories (A: Aug. 2014 ))	/	count )
=	1.563	/ (	(0.788	+	0.793)	/	2 )
=	1.563	/	0.7905
=	1.98

Location Based Technologies's Inventory Turnover for the quarter that ended in May. 2015 is calculated as

	Inventory Turnover (Q: May. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2015 )	/ (	(Total Inventories (Q: Feb. 2015 )	+	Total Inventories (Q: May. 2015 ))	/	count )
=	0.375	/ (	(0.75	+	0.685)	/	2 )
=	0.375	/	0.7175
=	0.52

Location Based Technologies (OTCPK:LBAS) 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.

Location Based Technologies's Days Inventory for the three months ended in May. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2015 )	/	Cost of Goods Sold (Q: May. 2015 )	*	Days in Period
	=	0.7175	/	0.375	*	365 / 4
	=	174.59

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.

Location Based Technologies's Inventory to Revenue for the quarter that ended in May. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2015 )	/	Revenue (Q: May. 2015 )
	=	0.7175	/	0.552
	=	1.30

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.

Location Based Technologies Inventory Turnover Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Location Based Technologies Inc (OTCPK:LBAS) » Definitions » Inventory Turnover

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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