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SPQS (SportsQuest) Inventory Turnover : 0.00 (As of Oct. 2007)


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What is SportsQuest 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. SportsQuest's Cost of Goods Sold for the six months ended in Oct. 2007 was $0.00 Mil. SportsQuest's Average Total Inventories for the quarter that ended in Oct. 2007 was $10.00 Mil. SportsQuest's Inventory Turnover for the quarter that ended in Oct. 2007 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. SportsQuest's Inventory-to-Revenue for the quarter that ended in Oct. 2007 was 357.14.

SportsQuest Inventory Turnover Historical Data

The historical data trend for SportsQuest'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.

* Premium members only.

SportsQuest Inventory Turnover Chart

SportsQuest Annual Data
Trend Oct98 Oct99 Oct00 Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07
Inventory Turnover
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SportsQuest Semi-Annual Data
Oct96 Oct97 Oct98 Oct99 Oct00 Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

SportsQuest Inventory Turnover Calculation

SportsQuest's Inventory Turnover for the fiscal year that ended in Oct. 2007 is calculated as

Inventory Turnover (A: Oct. 2007 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Oct. 2007 ) / ((Total Inventories (A: Oct. 2006 ) + Total Inventories (A: Oct. 2007 )) / count )
=0 / ((0 + 10) / 1 )
=0 / 10
=0.00

SportsQuest's Inventory Turnover for the quarter that ended in Oct. 2007 is calculated as

Inventory Turnover (Q: Oct. 2007 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Oct. 2007 ) / ((Total Inventories (Q: Oct. 2006 ) + Total Inventories (Q: Oct. 2007 )) / count )
=0 / ((0 + 10) / 1 )
=0 / 10
=0.00

* 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.

SportsQuest  (OTCPK:SPQS) 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.

SportsQuest's Days Inventory for the six months ended in Oct. 2007 is calculated as:

Days Inventory =Average Total Inventories (Q: Oct. 2007 )/Cost of Goods Sold (Q: Oct. 2007 )*Days in Period
=10/0*365 / 2
=

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.

SportsQuest's Inventory to Revenue for the quarter that ended in Oct. 2007 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2007 ) / Revenue (Q: Oct. 2007 )
=10 / 0.028
=357.14

* 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.

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.

SportsQuest Inventory Turnover Related Terms

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SportsQuest Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401
Website
https://www.sports-quest.co
SportsQuest Inc is currently is in development stage company of a sports franchise. The company is engaged in sports and hospitality related services.
Executives
Roy Thomas Kidd director, officer: President, CEO 432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc other: Related party 500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401