Omni Ventures (Omni Ventures) Inventory Turnover : 1.00 (As of Jun. 2012)

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What is Omni Ventures 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. Omni Ventures's Cost of Goods Sold for the three months ended in Jun. 2012 was $0.17 Mil. Omni Ventures's Average Total Inventories for the quarter that ended in Jun. 2012 was $0.17 Mil. Omni Ventures's Inventory Turnover for the quarter that ended in Jun. 2012 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omni Ventures's Days Inventory for the three months ended in Jun. 2012 was 90.99.

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. Omni Ventures's Inventory-to-Revenue for the quarter that ended in Jun. 2012 was 5.78.

Omni Ventures Inventory Turnover Historical Data

The historical data trend for Omni Ventures'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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Omni Ventures Inventory Turnover Chart

Omni Ventures Annual Data

Trend

Sep09

Sep10

Sep11

Inventory Turnover

2.02

Omni Ventures Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12
Inventory Turnover	Get a 7-Day Free Trial										0.03	0.31	0.01	-	1.00

Omni Ventures Inventory Turnover Calculation

Omni Ventures's Inventory Turnover for the fiscal year that ended in Sep. 2011 is calculated as

	Inventory Turnover (A: Sep. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2011 )	/ (	(Total Inventories (A: Sep. 2010 )	+	Total Inventories (A: Sep. 2011 ))	/	count )
=	0.361	/ (	(0	+	0.179)	/	1 )
=	0.361	/	0.179
=	2.02

Omni Ventures's Inventory Turnover for the quarter that ended in Jun. 2012 is calculated as

	Inventory Turnover (Q: Jun. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2012 )	/ (	(Total Inventories (Q: Mar. 2012 )	+	Total Inventories (Q: Jun. 2012 ))	/	count )
=	0.174	/ (	(0.262	+	0.085)	/	2 )
=	0.174	/	0.1735
=	1.00

Omni Ventures (OTCPK:OMVE) 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.

Omni Ventures's Days Inventory for the three months ended in Jun. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2012 )	/	Cost of Goods Sold (Q: Jun. 2012 )	*	Days in Period
	=	0.1735	/	0.174	*	365 / 4
	=	90.99

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.

Omni Ventures's Inventory to Revenue for the quarter that ended in Jun. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2012 )	/	Revenue (Q: Jun. 2012 )
	=	0.1735	/	0.03
	=	5.78

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.

Omni Ventures Inventory Turnover Related Terms

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Omni Ventures (Omni Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Omni Ventures Inc (OTCPK:OMVE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10940 Parallel Parkway, Suite K-257, Kansas City, KS, USA, 66109

Website

http://www.omve.net

Omni Ventures Inc through its wholly-owned subsidiary is primarily involved in the apparel design, manufacturing and distribution activities.

Executives

Bruce Harmon

officer: Chief Financial Officer

316 DEL PRADO BLVD. S., SUITE 204, CAPE CORAL FL 33990

Omni Ventures (Omni Ventures) Headlines

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