VEF Radiotehnika RRR (ORSE:RRR1R) Inventory Turnover : 0.07 (As of Sep. 2020)

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What is VEF Radiotehnika RRR 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. VEF Radiotehnika RRR's Cost of Goods Sold for the three months ended in Sep. 2020 was €0.00 Mil. VEF Radiotehnika RRR's Average Total Inventories for the quarter that ended in Sep. 2020 was €0.05 Mil. VEF Radiotehnika RRR's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VEF Radiotehnika RRR's Days Inventory for the three months ended in Sep. 2020 was 1,231.88.

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. VEF Radiotehnika RRR's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 27.00.

VEF Radiotehnika RRR Inventory Turnover Historical Data

The historical data trend for VEF Radiotehnika RRR'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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VEF Radiotehnika RRR Inventory Turnover Chart

VEF Radiotehnika RRR Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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1,016.00

8.71

7.09

3.98

1.08

VEF Radiotehnika RRR Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															0.04	-0.07	0.13	0.02	0.07

VEF Radiotehnika RRR Inventory Turnover Calculation

VEF Radiotehnika RRR's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	0.047	/ (	(0.046	+	0.041)	/	2 )
=	0.047	/	0.0435
=	1.08

VEF Radiotehnika RRR's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	0.004	/ (	(0	+	0.054)	/	1 )
=	0.004	/	0.054
=	0.07

VEF Radiotehnika RRR (ORSE:RRR1R) 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.

VEF Radiotehnika RRR's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0.054	/	0.004	*	365 / 4
	=	1,231.88

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.

VEF Radiotehnika RRR's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0.054	/	0.002
	=	27.00

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.

VEF Radiotehnika RRR Inventory Turnover Related Terms

Thank you for viewing the detailed overview of VEF Radiotehnika RRR's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

VEF Radiotehnika RRR (ORSE:RRR1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VEF Radiotehnika RRR (ORSE:RRR1R) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Kurzemes prospekts 3, Riga, LVA, LV-1067

Website

http://www.rrr.lv

VEF Radiotehnika RRR is a Latvia based company engaged in the activity of purchase and sales of acoustic systems and their enclosures. It is also involved in the real estate renting services activity. The company primarily manufactures loudspeaker cabinets for companies in Italy, Germany and Czech Republic. Its products include Active Subwoofer, Center Channel, Floorstanding, Rigonda S Home Theater.

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