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

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What is SheerVision 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. 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 Inventory Turnover Historical Data

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.

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SheerVision Inventory Turnover Chart

SheerVision Annual Data

Trend

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Aug06

Aug07

Aug08

Aug09

Inventory Turnover

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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															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

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

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

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SheerVision (SheerVision) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SheerVision Inc (OTCPK:SVSO) » Definitions » Inventory Turnover

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Address

4030 Palos Verdes Drive N., Suite 104, Rolling Hills, CA, USA, 90274

Website

http://www.sheervision.com

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.

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