China Precision Steel (China Precision Steel) Change In Inventory : $1.56 Mil (TTM As of Dec. 2014)

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What is China Precision Steel Change In Inventory?

China Precision Steel's change in inventory for the quarter that ended in Dec. 2014 was $0.67 Mil. It means China Precision Steel's inventory declined by $0.67 Mil from Sep. 2014 to Dec. 2014 .

China Precision Steel's change in inventory for the fiscal year that ended in Jun. 2014 was $1.22 Mil. It means China Precision Steel's inventory declined by $1.22 Mil from Jun. 2013 to Jun. 2014 .

China Precision Steel's Total Inventories for the quarter that ended in Dec. 2014 was $9.27 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Precision Steel's Days Inventory for the quarter that ended in Dec. 2014 was 110.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Precision Steel's Inventory Turnover for the quarter that ended in Dec. 2014 was 0.82.

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. China Precision Steel's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 1.86.

China Precision Steel Change In Inventory Historical Data

The historical data trend for China Precision Steel's Change In Inventory 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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China Precision Steel Change In Inventory Chart

China Precision Steel Annual Data

Trend

Dec04

Dec05

Jun07

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Jun12

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Jun14

Change In Inventory

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-12.17

4.85

9.64

-0.30

1.22

China Precision Steel Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Change In Inventory	Get a 7-Day Free Trial															1.41	1.17	-0.68	0.40	0.67

China Precision Steel Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.56 Mil.

China Precision Steel (OTCPK:CPSL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Precision Steel's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.66	/	7.946	*	365 / 4
	=	110.93

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Precision Steel's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.946	/	9.66
	=	0.82

3. 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.

China Precision Steel's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.66	/	5.187
	=	1.86

China Precision Steel Change In Inventory Related Terms

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China Precision Steel (China Precision Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Precision Steel Inc (OTCPK:CPSL) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.chinaprecisionsteelinc.com

China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.

Executives

Michael Friess

director, officer: Secretary

5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303

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