Micro Imaging Technology (Micro Imaging Technology) Inventory Turnover : 0.00 (As of Jul. 2014)

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What is Micro Imaging Technology 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. Micro Imaging Technology's Cost of Goods Sold for the three months ended in Jul. 2014 was $0.00 Mil. Micro Imaging Technology's Average Total Inventories for the quarter that ended in Jul. 2014 was $0.07 Mil. Micro Imaging Technology's Inventory Turnover for the quarter that ended in Jul. 2014 was 0.00.

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.

Micro Imaging Technology Inventory Turnover Historical Data

The historical data trend for Micro Imaging Technology'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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Micro Imaging Technology Inventory Turnover Chart

Micro Imaging Technology Annual Data

Trend

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Oct13

Inventory Turnover

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0.12

Micro Imaging Technology Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Micro Imaging Technology Inventory Turnover Calculation

Micro Imaging Technology's Inventory Turnover for the fiscal year that ended in Oct. 2013 is calculated as

	Inventory Turnover (A: Oct. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2013 )	/ (	(Total Inventories (A: Oct. 2012 )	+	Total Inventories (A: Oct. 2013 ))	/	count )
=	0	/ (	(0.026	+	0.067)	/	2 )
=	0	/	0.0465
=	0.00

Micro Imaging Technology's Inventory Turnover for the quarter that ended in Jul. 2014 is calculated as

	Inventory Turnover (Q: Jul. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2014 )	/ (	(Total Inventories (Q: Apr. 2014 )	+	Total Inventories (Q: Jul. 2014 ))	/	count )
=	0	/ (	(0.067	+	0.067)	/	2 )
=	0	/	0.067
=	0.00

Micro Imaging Technology (OTCPK:MMTC) 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.

Micro Imaging Technology's Days Inventory for the three months ended in Jul. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2014 )	/	Cost of Goods Sold (Q: Jul. 2014 )	*	Days in Period
	=	0.067	/	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.

Micro Imaging Technology's Inventory to Revenue for the quarter that ended in Jul. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2014 )	/	Revenue (Q: Jul. 2014 )
	=	0.067	/	0
	=

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.

Micro Imaging Technology Inventory Turnover Related Terms

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Micro Imaging Technology (Micro Imaging Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro Imaging Technology Inc (OTCPK:MMTC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673

Website

http://www.micro-imaging.com

Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.

Executives

Anthony M Frank

other: 5% owner

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