Victor Mining Industry Group (Victor Mining Industry Group) Inventory Turnover : 0.64 (As of Sep. 2006)

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What is Victor Mining Industry 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. Victor Mining Industry Group's Cost of Goods Sold for the three months ended in Sep. 2006 was $0.18 Mil. Victor Mining Industry Group's Average Total Inventories for the quarter that ended in Sep. 2006 was $0.28 Mil. Victor Mining Industry Group's Inventory Turnover for the quarter that ended in Sep. 2006 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Victor Mining Industry Group's Days Inventory for the three months ended in Sep. 2006 was 141.86.

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. Victor Mining Industry Group's Inventory-to-Revenue for the quarter that ended in Sep. 2006 was 0.99.

Victor Mining Industry Group Inventory Turnover Historical Data

The historical data trend for Victor Mining Industry 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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Victor Mining Industry Group Inventory Turnover Chart

Victor Mining Industry Group Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Inventory Turnover

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2.63

3.36

Victor Mining Industry Group Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Inventory Turnover	Get a 7-Day Free Trial															0.72	1.08	1.20	0.55	0.64

Victor Mining Industry Group Inventory Turnover Calculation

Victor Mining Industry Group's Inventory Turnover for the fiscal year that ended in Dec. 2005 is calculated as

	Inventory Turnover (A: Dec. 2005 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2005 )	/ (	(Total Inventories (A: Dec. 2004 )	+	Total Inventories (A: Dec. 2005 ))	/	count )
=	0.878	/ (	(0.22	+	0.302)	/	2 )
=	0.878	/	0.261
=	3.36

Victor Mining Industry Group's Inventory Turnover for the quarter that ended in Sep. 2006 is calculated as

	Inventory Turnover (Q: Sep. 2006 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2006 )	/ (	(Total Inventories (Q: Jun. 2006 )	+	Total Inventories (Q: Sep. 2006 ))	/	count )
=	0.183	/ (	(0.305	+	0.264)	/	2 )
=	0.183	/	0.2845
=	0.64

Victor Mining Industry Group (OTCPK:VMTG) 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.

Victor Mining Industry Group's Days Inventory for the three months ended in Sep. 2006 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2006 )	/	Cost of Goods Sold (Q: Sep. 2006 )	*	Days in Period
	=	0.2845	/	0.183	*	365 / 4
	=	141.86

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.

Victor Mining Industry Group's Inventory to Revenue for the quarter that ended in Sep. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2006 )	/	Revenue (Q: Sep. 2006 )
	=	0.2845	/	0.288
	=	0.99

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.

Victor Mining Industry Group Inventory Turnover Related Terms

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Victor Mining Industry Group (Victor Mining Industry Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Victor Mining Industry Group Inc (OTCPK:VMTG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

69 Waterfall Blvd, The Ponds, Sydney, NSW, AUS

Website

http://http://www.victorminingindustrygroup.com

Victor Mining Industry Group Inc is a shell company.

Executives

Hanlin Chen

director

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