Quintis (Quintis) Inventory Turnover : 9.48 (As of Jun. 2017)

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What is Quintis 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. Quintis's Cost of Goods Sold for the six months ended in Jun. 2017 was $302.51 Mil. Quintis's Average Total Inventories for the quarter that ended in Jun. 2017 was $31.93 Mil. Quintis's Inventory Turnover for the quarter that ended in Jun. 2017 was 9.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quintis's Days Inventory for the six months ended in Jun. 2017 was 19.26.

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. Quintis's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 4.15.

Quintis Inventory Turnover Historical Data

The historical data trend for Quintis'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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Quintis Inventory Turnover Chart

Quintis Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Inventory Turnover

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0.32

-2.32

-7.09

-3.09

11.43

Quintis Semi-Annual Data
	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
Inventory Turnover	Get a 7-Day Free Trial															-3.20	-2.35	-0.29	-1.49	9.48

Quintis Inventory Turnover Calculation

Quintis's Inventory Turnover for the fiscal year that ended in Jun. 2017 is calculated as

	Inventory Turnover (A: Jun. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2017 )	/ (	(Total Inventories (A: Jun. 2016 )	+	Total Inventories (A: Jun. 2017 ))	/	count )
=	260.034	/ (	(18.494	+	26.989)	/	2 )
=	260.034	/	22.7415
=	11.43

Quintis's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as

	Inventory Turnover (Q: Jun. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2017 )	/ (	(Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Jun. 2017 ))	/	count )
=	302.511	/ (	(36.864	+	26.989)	/	2 )
=	302.511	/	31.9265
=	9.48

Quintis (GREY:TFSCY) 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.

Quintis's Days Inventory for the six months ended in Jun. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2017 )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
	=	31.9265	/	302.511	*	365 / 2
	=	19.26

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.

Quintis's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2017 )	/	Revenue (Q: Jun. 2017 )
	=	31.9265	/	7.687
	=	4.15

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.

Quintis Inventory Turnover Related Terms

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Quintis (Quintis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Quintis Ltd (GREY:TFSCY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

171-173 Mounts Bay Road, Level 2, Perth, WA, AUS, 6000

Website

https://www.quintis.com.au

Quintis Ltd engages in the cultivation of Indian sandalwood and production of sandalwood oil. It operates in four segments. The Plantation Management segment which dominates firm's revenue is responsible for the promotion and sales of Indian sandalwood lots; establishment, maintenance, and harvesting of Indian Sandalwood plantations on behalf of the growers and group owned plantations; and end-market research and establishment of end-market agreements. The Finance segment provides financial assistance to growers to purchase sandalwood lots. The Sandalwood Products segment manufactures sandalwood oil and products for resale. The Pharmaceutical segment focuses in the research and development of pharmaceutical and biopharmaceutical products for commercializing.

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