SVSO (SheerVision) Inventory Turnover: 0.77 (As of May. 2010)


What is SheerVision Inventory Turnover?

SheerVision SVSO Inventory Turnover is 0.77 as of May. 2010.

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. SheerVision's Cost of Goods Sold for the three months ended in May. 2010 was $0.31 Mil. SheerVision's Average Total Inventories for the quarter that ended in May. 2010 was $0.40 Mil. SheerVision's Inventory Turnover for the quarter that ended in May. 2010 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SheerVision's Days Inventory for the three months ended in May. 2010 was 118.54.

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. SheerVision's Inventory-to-Revenue for the quarter that ended in May. 2010 was 0.42.

SheerVision  (OTCPK:SVSO) 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.

SheerVision's Days Inventory for the three months ended in May. 2010 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2010 )/Cost of Goods Sold (Q: May. 2010 )*Days in Period
=0.404/0.311*365 / 4
=118.54

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.

SheerVision's Inventory to Revenue for the quarter that ended in May. 2010 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2010 ) / Revenue (Q: May. 2010 )
=0.404 / 0.951
=0.42

* 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.

SheerVision Inventory Turnover Related Terms

SheerVision Inventory Turnover Historical Data

* Premium members only.

The historical data trend for SheerVision'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.

SheerVision Inventory Turnover Chart

SheerVision Annual Data
Trend Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Aug06 Aug07 Aug08 Aug09
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4.10 4.65 5.59 4.45

SheerVision Quarterly Data
Jun05 Sep05 Dec05 Mar06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.66 0.33 0.71 0.77

SheerVision Inventory Turnover Calculation

SheerVision's Inventory Turnover for the fiscal year that ended in Aug. 2009 is calculated as

Inventory Turnover (A: Aug. 2009 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2009 ) / ((Total Inventories (A: Aug. 2008 ) + Total Inventories (A: Aug. 2009 )) / count )
=1.323 / ((0.254 + 0.34) / 2 )
=1.323 / 0.297
=4.45

SheerVision's Inventory Turnover for the quarter that ended in May. 2010 is calculated as

Inventory Turnover (Q: May. 2010 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2010 ) / ((Total Inventories (Q: Feb. 2010 ) + Total Inventories (Q: May. 2010 )) / count )
=0.311 / ((0.35 + 0.458) / 2 )
=0.311 / 0.404
=0.77

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.77 mean?
SheerVision (SVSO) has a Inventory Turnover of 0.77 as of May. 2010. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on SheerVision and its competitors.
Is SheerVision's Inventory Turnover too high?
SheerVision's current Inventory Turnover is 0.77.
How does SheerVision's Inventory Turnover compare to LENSF and WHSI?
SheerVision's Inventory Turnover of 0.77 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Medical Devices & Instruments company?
A good Inventory Turnover depends on the Medical Devices & Instruments industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on SheerVision and its competitors. SheerVision's current Inventory Turnover is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SheerVision stock overvalued right now?
SheerVision (SVSO) has a current Inventory Turnover of 0.77. The current Inventory Turnover is 0.77. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For SheerVision (SVSO), the current Inventory Turnover is 0.77 as of May. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SheerVision Business Description

Address 4030 Palos Verdes Drive N., Suite 104, Rolling Hills, CA, USA, 90274
SheerVision Inc designs, manufactures, markets, and sells proprietary surgical loupes and headlight systems to the dental, medical, and veterinary markets throughout the world. The company sells its products through distributors and e-commerce Website.