Maxxam (Maxxam) Inventory Turnover : 4.98 (As of Sep. 2009)

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What is Maxxam 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. Maxxam's Cost of Goods Sold for the three months ended in Sep. 2009 was $13.70 Mil. Maxxam's Average Total Inventories for the quarter that ended in Sep. 2009 was $2.75 Mil. Maxxam's Inventory Turnover for the quarter that ended in Sep. 2009 was 4.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maxxam's Days Inventory for the three months ended in Sep. 2009 was 18.32.

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. Maxxam's Inventory-to-Revenue for the quarter that ended in Sep. 2009 was 0.15.

Maxxam Inventory Turnover Historical Data

The historical data trend for Maxxam'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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Maxxam Inventory Turnover Chart

Maxxam Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Inventory Turnover

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8.36

9.40

5.69

2.92

18.97

Maxxam Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Inventory Turnover	Get a 7-Day Free Trial															4.05	3.14	3.81	5.22	4.98

Maxxam Inventory Turnover Calculation

Maxxam's Inventory Turnover for the fiscal year that ended in Dec. 2008 is calculated as

	Inventory Turnover (A: Dec. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2008 )	/ (	(Total Inventories (A: Dec. 2007 )	+	Total Inventories (A: Dec. 2008 ))	/	count )
=	62.6	/ (	(3.9	+	2.7)	/	2 )
=	62.6	/	3.3
=	18.97

Maxxam's Inventory Turnover for the quarter that ended in Sep. 2009 is calculated as

	Inventory Turnover (Q: Sep. 2009 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2009 )	/ (	(Total Inventories (Q: Jun. 2009 )	+	Total Inventories (Q: Sep. 2009 ))	/	count )
=	13.7	/ (	(2.7	+	2.8)	/	2 )
=	13.7	/	2.75
=	4.98

Maxxam (OTCPK:MAXX) 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.

Maxxam's Days Inventory for the three months ended in Sep. 2009 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2009 )	/	Cost of Goods Sold (Q: Sep. 2009 )	*	Days in Period
	=	2.75	/	13.7	*	365 / 4
	=	18.32

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.

Maxxam's Inventory to Revenue for the quarter that ended in Sep. 2009 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2009 )	/	Revenue (Q: Sep. 2009 )
	=	2.75	/	18.2
	=	0.15

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.

Maxxam Inventory Turnover Related Terms

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Maxxam (Maxxam) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Maxxam Inc (OTCPK:MAXX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.maxxaminc.com

Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.

Executives

Charles E Hurwitz	director, 10 percent owner, officer: Chairman of the Board & CEO	1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank	director	2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin	director	1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley	officer: Controller	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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