MLMN (Millennium Prime) Inventory Turnover: 0.00 (As of Jun. 2010)


What is Millennium Prime Inventory Turnover?

Millennium Prime MLMN Inventory Turnover is 0.00 as of Jun. 2010.

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. Millennium Prime's Cost of Goods Sold for the three months ended in Jun. 2010 was $0.00 Mil. Millennium Prime's Average Total Inventories for the quarter that ended in Jun. 2010 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Millennium Prime  (OTCPK:MLMN) 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.

Millennium Prime's Days Inventory for the three months ended in Jun. 2010 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2010 )/Cost of Goods Sold (Q: Jun. 2010 )*Days in Period
=0/0*365 / 4
=

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.

Millennium Prime's Inventory to Revenue for the quarter that ended in Jun. 2010 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2010 ) / Revenue (Q: Jun. 2010 )
=0 / 0
=

* 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.

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.

Millennium Prime Inventory Turnover Related Terms

Millennium Prime Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Millennium Prime'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.

Millennium Prime Inventory Turnover Chart

Millennium Prime Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 0.00 0.00 0.00 0.00

Millennium Prime Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Millennium Prime Inventory Turnover Calculation

Millennium Prime's Inventory Turnover for the fiscal year that ended in Sep. 2009 is calculated as

Inventory Turnover (A: Sep. 2009 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2009 ) / ((Total Inventories (A: Sep. 2008 ) + Total Inventories (A: Sep. 2009 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Millennium Prime's Inventory Turnover for the quarter that ended in Jun. 2010 is calculated as

Inventory Turnover (Q: Jun. 2010 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2010 ) / ((Total Inventories (Q: Mar. 2010 ) + Total Inventories (Q: Jun. 2010 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Millennium Prime (MLMN) has a Inventory Turnover of 0.00 as of Jun. 2010. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Millennium Prime and its competitors.
Is Millennium Prime's Inventory Turnover too high?
Millennium Prime's current Inventory Turnover is 0.00.
How does Millennium Prime's Inventory Turnover compare to MLFB and BTDG?
Millennium Prime's Inventory Turnover of 0.00 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Beverages - Alcoholic company?
A good Inventory Turnover depends on the Beverages - Alcoholic industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Millennium Prime and its competitors. Millennium Prime's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Prime stock overvalued right now?
Millennium Prime (MLMN) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Millennium Prime (MLMN), the current Inventory Turnover is 0.00 as of Jun. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Millennium Prime Business Description

Address 6538 Collins Avenue, Suite 382, Miami Beach, FL, USA, 33141
Millennium Prime Inc develops superior lifestyle innovations for the millennial generation. The company's focus is on marketing products for the beverage, apparel, and entertainment categories, where it can achieve a clear and authentic market position by targeting consumers who live a lifestyle filled with high style, artistic edge, and a demand for the products. Through its subsidiary, the company functions as an importer and distributor of alcohol products, including Bong Spirit's Super Premium Vodka, which has an exclusive bong-shaped bottle.