Viewtran Group (Viewtran Group) Inventory Turnover : 4.52 (As of Dec. 2013)

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What is Viewtran Group 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. Viewtran Group's Cost of Goods Sold for the three months ended in Dec. 2013 was $32.7 Mil. Viewtran Group's Average Total Inventories for the quarter that ended in Dec. 2013 was $7.2 Mil. Viewtran Group's Inventory Turnover for the quarter that ended in Dec. 2013 was 4.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viewtran Group's Days Inventory for the three months ended in Dec. 2013 was 20.18.

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. Viewtran Group's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.18.

Viewtran Group Inventory Turnover Historical Data

The historical data trend for Viewtran Group'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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Viewtran Group Inventory Turnover Chart

Viewtran Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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14.86

11.32

0.04

1.63

Viewtran Group Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial															-2.16	2.22	2.51	0.01	4.52

Viewtran Group Inventory Turnover Calculation

Viewtran Group's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	67.784	/ (	(82.848	+	0.077)	/	2 )
=	67.784	/	41.4625
=	1.63

Viewtran Group's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	32.692	/ (	(14.381	+	0.077)	/	2 )
=	32.692	/	7.229
=	4.52

Viewtran Group (OTCPK:VIEWF) 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.

Viewtran Group's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	7.229	/	32.692	*	365 / 4
	=	20.18

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.

Viewtran Group's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	7.229	/	39.779
	=	0.18

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.

Viewtran Group Inventory Turnover Related Terms

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Viewtran Group (Viewtran Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Viewtran Group Inc (OTCPK:VIEWF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Room 1501, Tower C, Skyworth Building, High-Tech Industrial Park, Nanshan, Shenzhen, CHN, 518057

Website

http://www.viewtran.com

Viewtran Group Inc provides supply chain financial services and enterprise solutions for the technology industry in China. It has Product Sales and Service Revenue segments. Products sales segment comprises sale of components for digital media, telecommunication system and equipment and industrial applications end-markets. Service revenue segment encompasses provision of technology and engineering services, business process outsourcing, network, system integration and related training and maintenance services. The company mainly operates in China.

Viewtran Group (Viewtran Group) Headlines

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