Albemarle & Bond Holdings (LSE:ABM) Inventory Turnover : 2.45 (As of Jun. 2013)

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What is Albemarle & Bond 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. Albemarle & Bond Holdings's Cost of Goods Sold for the six months ended in Jun. 2013 was £47.5 Mil. Albemarle & Bond Holdings's Average Total Inventories for the quarter that ended in Jun. 2013 was £19.4 Mil. Albemarle & Bond Holdings's Inventory Turnover for the quarter that ended in Jun. 2013 was 2.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Albemarle & Bond Holdings's Days Inventory for the six months ended in Jun. 2013 was 74.54.

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. Albemarle & Bond Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2013 was 0.18.

Albemarle & Bond Holdings Inventory Turnover Historical Data

The historical data trend for Albemarle & Bond 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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Albemarle & Bond Holdings Inventory Turnover Chart

Albemarle & Bond Holdings Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Inventory Turnover

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0.89

2.18

3.44

3.19

2.45

Albemarle & Bond Holdings Semi-Annual Data
	Jun92	Jun93	Jun94	Jun95	Jun96	Jun97	Jun98	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Inventory Turnover	Get a 7-Day Free Trial															0.89	2.18	3.44	3.19	2.45

Albemarle & Bond Holdings Inventory Turnover Calculation

Albemarle & Bond Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Inventory Turnover (A: Jun. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2013 )	/ (	(Total Inventories (A: Jun. 2012 )	+	Total Inventories (A: Jun. 2013 ))	/	count )
=	47.542	/ (	(18.383	+	20.454)	/	2 )
=	47.542	/	19.4185
=	2.45

Albemarle & Bond Holdings's Inventory Turnover for the quarter that ended in Jun. 2013 is calculated as

	Inventory Turnover (Q: Jun. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2013 )	/ (	(Total Inventories (Q: Jun. 2012 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )
=	47.542	/ (	(18.383	+	20.454)	/	2 )
=	47.542	/	19.4185
=	2.45

Albemarle & Bond Holdings (LSE:ABM) 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.

Albemarle & Bond Holdings's Days Inventory for the six months ended in Jun. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2013 )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
	=	19.4185	/	47.542	*	365 / 2
	=	74.54

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.

Albemarle & Bond Holdings's Inventory to Revenue for the quarter that ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2013 )	/	Revenue (Q: Jun. 2013 )
	=	19.4185	/	107.069
	=	0.18

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.

Albemarle & Bond Holdings Inventory Turnover Related Terms

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Albemarle & Bond Holdings (LSE:ABM) Business Description

Industry

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Address

Website

http://www.albemarlebondplc.com

Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.