Local (LOCM) Inventory Turnover : 0.00 (As of Mar. 2015)

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What is Local 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. Local's Cost of Goods Sold for the three months ended in Mar. 2015 was $11.56 Mil. Local's Average Total Inventories for the quarter that ended in Mar. 2015 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Local's Days Inventory for the three months ended in Mar. 2015 was 0.00.

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. Local's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 0.00.

Local Inventory Turnover Historical Data

The historical data trend for Local'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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Local Inventory Turnover Chart

Local Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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Local Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Local Inventory Turnover Calculation

Local's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	63.58	/ (	(0	+	0)	/	1 )
=	63.58	/	0
=	N/A

Local's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

	Inventory Turnover (Q: Mar. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2015 )	/ (	(Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Mar. 2015 ))	/	count )
=	11.563	/ (	(0	+	0)	/	1 )
=	11.563	/	0
=	N/A

Local (OTCPK:LOCM) 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.

Local's Days Inventory for the three months ended in Mar. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2015 )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
	=	0	/	11.563	*	365 / 4
	=	0.00

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.

Local's Inventory to Revenue for the quarter that ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2015 )	/	Revenue (Q: Mar. 2015 )
	=	0	/	13.087
	=	0.00

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.

Local Inventory Turnover Related Terms

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Local (LOCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Local Corp (OTCPK:LOCM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7555 Irvine Center Drive, Irvine, CA, USA, 92618

Website

https://www.local.com

Local Corp is a technology and advertising company that provides its search results to consumers who are searching online for local businesses, products and services. It provides its search results through Local.com website and Krillion.com website.

Executives

Kenneth S Cragun	officer: CFO	3775 CHIPPEWA CIRCLE, CORONA CA 92881
John E Rehfeld	director	ONE TECHNOLOGY DRIVE, IRVINE CA 92618
Frederick G Thiel	officer: CEO	7555 IRVINE CENTER DRIVE, IRVINE CA 92618
Lowell W Robinson	director	470 WEST END AVENUE, NEW YORK NY 10024
Rick Szatkowski	officer: GM, Network Properties	C/O MIVA, INC. 5220 SUMMERLIN COMMONS BLVD., SUITE 500 FORT MYERS FL 33907