UTRK (Universal Tracking Solutions) Inventory Turnover: 34.00 (As of Dec. 2011)


What is Universal Tracking Solutions Inventory Turnover?

Universal Tracking Solutions UTRK Inventory Turnover is 34.00 as of Dec. 2011.

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. Universal Tracking Solutions's Cost of Goods Sold for the three months ended in Dec. 2011 was $0.10 Mil. Universal Tracking Solutions's Average Total Inventories for the quarter that ended in Dec. 2011 was $0.00 Mil. Universal Tracking Solutions's Inventory Turnover for the quarter that ended in Dec. 2011 was 34.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Tracking Solutions's Days Inventory for the three months ended in Dec. 2011 was 2.68.

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. Universal Tracking Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2011 was 0.02.

Universal Tracking Solutions  (OTCPK:UTRK) 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.

Universal Tracking Solutions's Days Inventory for the three months ended in Dec. 2011 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2011 )/Cost of Goods Sold (Q: Dec. 2011 )*Days in Period
=0.003/0.102*365 / 4
=2.68

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.

Universal Tracking Solutions's Inventory to Revenue for the quarter that ended in Dec. 2011 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2011 ) / Revenue (Q: Dec. 2011 )
=0.003 / 0.17
=0.02

* 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.

Universal Tracking Solutions Inventory Turnover Related Terms

Universal Tracking Solutions Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Universal Tracking Solutions'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.

Universal Tracking Solutions Inventory Turnover Chart

Universal Tracking Solutions Annual Data
Trend Dec05 Dec06 Dec07 Dec09 Dec10 Dec11
Inventory Turnover
Get a 7-Day Free Trial 0.00 0.00 93.33 97.71 142.40

Universal Tracking Solutions Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 50.00 83.00 14.73 15.00 34.00

Universal Tracking Solutions Inventory Turnover Calculation

Universal Tracking Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2011 is calculated as

Inventory Turnover (A: Dec. 2011 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2011 ) / ((Total Inventories (A: Dec. 2010 ) + Total Inventories (A: Dec. 2011 )) / count )
=0.356 / ((0.001 + 0.004) / 2 )
=0.356 / 0.0025
=142.40

Universal Tracking Solutions's Inventory Turnover for the quarter that ended in Dec. 2011 is calculated as

Inventory Turnover (Q: Dec. 2011 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2011 ) / ((Total Inventories (Q: Sep. 2011 ) + Total Inventories (Q: Dec. 2011 )) / count )
=0.102 / ((0.002 + 0.004) / 2 )
=0.102 / 0.003
=34.00

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 34.00 mean?
Universal Tracking Solutions (UTRK) has a Inventory Turnover of 34.00 as of Dec. 2011. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Universal Tracking Solutions and its competitors.
Is Universal Tracking Solutions' Inventory Turnover too high?
Universal Tracking Solutions' current Inventory Turnover is 34.00.
How does Universal Tracking Solutions' Inventory Turnover compare to TRKK and GTXO?
Universal Tracking Solutions' Inventory Turnover of 34.00 can be compared against companies in the Hardware 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 Hardware company?
A good Inventory Turnover depends on the Hardware 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 Universal Tracking Solutions and its competitors. Universal Tracking Solutions's current Inventory Turnover is 34.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Tracking Solutions stock overvalued right now?
Universal Tracking Solutions (UTRK) has a current Inventory Turnover of 34.00. The current Inventory Turnover is 34.00. 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 Universal Tracking Solutions (UTRK), the current Inventory Turnover is 34.00 as of Dec. 2011. 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.

Universal Tracking Solutions Business Description

Address 1602 N. 21st Street, Tampa, FL, USA, 33605
Universal Tracking Solutions Inc is an application-based solutions provider of telemetry tracking systems. The company specializes in fleet management, law enforcement, and finance applications as well as the motorcycle and auto industries.