Pacific Andes Resources Development (SGX:P11) Inventory Turnover : 1.11 (As of Jun. 2015)

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What is Pacific Andes Resources Development 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. Pacific Andes Resources Development's Cost of Goods Sold for the three months ended in Jun. 2015 was S$301 Mil. Pacific Andes Resources Development's Average Total Inventories for the quarter that ended in Jun. 2015 was S$270 Mil. Pacific Andes Resources Development's Inventory Turnover for the quarter that ended in Jun. 2015 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pacific Andes Resources Development's Days Inventory for the three months ended in Jun. 2015 was 81.87.

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. Pacific Andes Resources Development's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.76.

Pacific Andes Resources Development Inventory Turnover Historical Data

The historical data trend for Pacific Andes Resources Development'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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Pacific Andes Resources Development Inventory Turnover Chart

Pacific Andes Resources Development Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Sep10

Sep11

Sep12

Sep13

Sep14

Inventory Turnover

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12.64

10.85

6.15

6.49

5.62

Pacific Andes Resources Development Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Inventory Turnover	Get a 7-Day Free Trial															1.06	0.57	1.30	1.14	1.11

Pacific Andes Resources Development Inventory Turnover Calculation

Pacific Andes Resources Development's Inventory Turnover for the fiscal year that ended in Sep. 2014 is calculated as

	Inventory Turnover (A: Sep. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2014 )	/ (	(Total Inventories (A: Sep. 2013 )	+	Total Inventories (A: Sep. 2014 ))	/	count )
=	1032.371	/ (	(150.368	+	216.703)	/	2 )
=	1032.371	/	183.5355
=	5.62

Pacific Andes Resources Development's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

	Inventory Turnover (Q: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2015 )	/ (	(Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )
=	301.139	/ (	(132.949	+	407.406)	/	2 )
=	301.139	/	270.1775
=	1.11

Pacific Andes Resources Development (SGX:P11) 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.

Pacific Andes Resources Development's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	270.1775	/	301.139	*	365 / 4
	=	81.87

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.

Pacific Andes Resources Development's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	270.1775	/	356.123
	=	0.76

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.

Pacific Andes Resources Development Inventory Turnover Related Terms

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Pacific Andes Resources Development (SGX:P11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pacific Andes Resources Development Ltd (SGX:P11) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3201-3210, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.paresourcesdevelopment.com

Pacific Andes Resources Development Ltd engages in the development, marketing, and distribution of fish and fish products. It also operates fishing fleets and fishmeal processing facilities on fishing grounds. It also engages in the sale of fish and other seafood products; charter hire services; sale of marine fuel oil; and provision of packaging materials to fish suppliers.

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