Zintel Group Limited (NZSE:ZIN) Inventory Turnover : 9.34 (As of Sep. 2012)

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What is Zintel Group Limited 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. Zintel Group Limited's Cost of Goods Sold for the six months ended in Sep. 2012 was NZ$15.26 Mil. Zintel Group Limited's Average Total Inventories for the quarter that ended in Sep. 2012 was NZ$1.63 Mil. Zintel Group Limited's Inventory Turnover for the quarter that ended in Sep. 2012 was 9.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zintel Group Limited's Days Inventory for the six months ended in Sep. 2012 was 19.53.

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. Zintel Group Limited's Inventory-to-Revenue for the quarter that ended in Sep. 2012 was 0.11.

Zintel Group Limited Inventory Turnover Historical Data

The historical data trend for Zintel Group Limited'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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Zintel Group Limited Inventory Turnover Chart

Zintel Group Limited Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Inventory Turnover

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51.45

33.97

24.70

21.71

21.82

Zintel Group Limited Semi-Annual Data
	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12
Inventory Turnover	Get a 7-Day Free Trial						11.10	11.68	11.78	8.60	9.34

Zintel Group Limited Inventory Turnover Calculation

Zintel Group Limited's Inventory Turnover for the fiscal year that ended in Mar. 2012 is calculated as

	Inventory Turnover (A: Mar. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2012 )	/ (	(Total Inventories (A: Mar. 2011 )	+	Total Inventories (A: Mar. 2012 ))	/	count )
=	48.576	/ (	(2.819	+	1.633)	/	2 )
=	48.576	/	2.226
=	21.82

Zintel Group Limited's Inventory Turnover for the quarter that ended in Sep. 2012 is calculated as

	Inventory Turnover (Q: Sep. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2012 )	/ (	(Total Inventories (Q: Mar. 2012 )	+	Total Inventories (Q: Sep. 2012 ))	/	count )
=	15.256	/ (	(1.633	+	0)	/	1 )
=	15.256	/	1.633
=	9.34

Zintel Group Limited (NZSE:ZIN) 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.

Zintel Group Limited's Days Inventory for the six months ended in Sep. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2012 )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
	=	1.633	/	15.256	*	365 / 2
	=	19.53

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.

Zintel Group Limited's Inventory to Revenue for the quarter that ended in Sep. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2012 )	/	Revenue (Q: Sep. 2012 )
	=	1.633	/	14.332
	=	0.11

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.

Zintel Group Limited Inventory Turnover Related Terms

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