NTEK (NanoTech Entertainment) Inventory Turnover : 1.45 (As of Mar. 2010)

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What is NanoTech Entertainment 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. NanoTech Entertainment's Cost of Goods Sold for the three months ended in Mar. 2010 was $0.02 Mil. NanoTech Entertainment's Average Total Inventories for the quarter that ended in Mar. 2010 was $0.01 Mil. NanoTech Entertainment's Inventory Turnover for the quarter that ended in Mar. 2010 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NanoTech Entertainment's Days Inventory for the three months ended in Mar. 2010 was 62.73.

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. NanoTech Entertainment's Inventory-to-Revenue for the quarter that ended in Mar. 2010 was 0.73.

NanoTech Entertainment Inventory Turnover Historical Data

The historical data trend for NanoTech Entertainment'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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NanoTech Entertainment Inventory Turnover Chart

NanoTech Entertainment Annual Data

Trend

Jun09

Inventory Turnover

1.11

NanoTech Entertainment Quarterly Data
	Sep07	Dec07	Mar08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10
Inventory Turnover	Get a 7-Day Free Trial					-	1.00	0.10	0.18	1.45

NanoTech Entertainment Inventory Turnover Calculation

NanoTech Entertainment's Inventory Turnover for the fiscal year that ended in Jun. 2009 is calculated as

	Inventory Turnover (A: Jun. 2009 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2009 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Jun. 2009 ))	/	count )
=	0.01	/ (	(	+	0.009)	/	1 )
=	0.01	/	0.009
=	1.11

NanoTech Entertainment's Inventory Turnover for the quarter that ended in Mar. 2010 is calculated as

	Inventory Turnover (Q: Mar. 2010 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2010 )	/ (	(Total Inventories (Q: Dec. 2009 )	+	Total Inventories (Q: Mar. 2010 ))	/	count )
=	0.016	/ (	(0.011	+	0)	/	1 )
=	0.016	/	0.011
=	1.45

NanoTech Entertainment (OTCPK:NTEK) 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.

NanoTech Entertainment's Days Inventory for the three months ended in Mar. 2010 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2010 )	/	Cost of Goods Sold (Q: Mar. 2010 )	*	Days in Period
	=	0.011	/	0.016	*	365 / 4
	=	62.73

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.

NanoTech Entertainment's Inventory to Revenue for the quarter that ended in Mar. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2010 )	/	Revenue (Q: Mar. 2010 )
	=	0.011	/	0.015
	=	0.73

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.

NanoTech Entertainment Inventory Turnover Related Terms

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NanoTech Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NanoTech Entertainment Inc (OTCPK:NTEK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2450 Kruse Drive, San Jose, CA, USA, 95131

Website

https://www.ntek.com

NanoTech Entertainment Inc operates as a manufacturer and developer of technology, games, television content, consumer goods, mobile applications, and consumer software. The portfolio of the company includes Ultraflix which offers 4K Ultra HD video for its subscribers, 4K studios which offers hardware and software solutions for 4K Ultra high definition output, and Ultra Media group which is a content licensing and production company that focuses on acquisition and creation of digital content. The company generates revenue from licensing products to third parties for manufacturing, distribution, manufacture, and sale and rental of products directly to consumers.

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