GD Entertainment & Technology (GD Entertainment & Technology) Inventory Turnover : 33.80 (As of Feb. 2006)

View and export this data going back to 2004. Start your Free Trial

What is GD Entertainment & Technology 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. GD Entertainment & Technology's Cost of Goods Sold for the three months ended in Feb. 2006 was $0.51 Mil. GD Entertainment & Technology's Average Total Inventories for the quarter that ended in Feb. 2006 was $0.02 Mil. GD Entertainment & Technology's Inventory Turnover for the quarter that ended in Feb. 2006 was 33.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GD Entertainment & Technology's Days Inventory for the three months ended in Feb. 2006 was 2.70.

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. GD Entertainment & Technology's Inventory-to-Revenue for the quarter that ended in Feb. 2006 was 0.02.

GD Entertainment & Technology Inventory Turnover Historical Data

The historical data trend for GD Entertainment & Technology'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.

* Premium members only.

GD Entertainment & Technology Inventory Turnover Chart

GD Entertainment & Technology Annual Data

Trend

May01

May04

May05

Inventory Turnover

22.83

25.05

21.93

GD Entertainment & Technology Quarterly Data
	May01	Aug01	Nov01	Feb02	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06
Inventory Turnover	Get a 7-Day Free Trial						6.38	-31.85	4.34	4.74	33.80

GD Entertainment & Technology Inventory Turnover Calculation

GD Entertainment & Technology's Inventory Turnover for the fiscal year that ended in May. 2005 is calculated as

	Inventory Turnover (A: May. 2005 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2005 )	/ (	(Total Inventories (A: May. 2004 )	+	Total Inventories (A: May. 2005 ))	/	count )
=	0.329	/ (	(0.014	+	0.016)	/	2 )
=	0.329	/	0.015
=	21.93

GD Entertainment & Technology's Inventory Turnover for the quarter that ended in Feb. 2006 is calculated as

	Inventory Turnover (Q: Feb. 2006 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2006 )	/ (	(Total Inventories (Q: Nov. 2005 )	+	Total Inventories (Q: Feb. 2006 ))	/	count )
=	0.507	/ (	(0.016	+	0.014)	/	2 )
=	0.507	/	0.015
=	33.80

GD Entertainment & Technology (OTCPK:GDET) 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.

GD Entertainment & Technology's Days Inventory for the three months ended in Feb. 2006 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2006 )	/	Cost of Goods Sold (Q: Feb. 2006 )	*	Days in Period
	=	0.015	/	0.507	*	365 / 4
	=	2.70

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.

GD Entertainment & Technology's Inventory to Revenue for the quarter that ended in Feb. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2006 )	/	Revenue (Q: Feb. 2006 )
	=	0.015	/	0.682
	=	0.02

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.

GD Entertainment & Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of GD Entertainment & Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GD Entertainment & Technology (GD Entertainment & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » GD Entertainment & Technology Inc (OTCPK:GDET) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1 Bridge Plaza, 2nd Floor, Fort Lee, NJ, USA, 07024

Website

https://gdet.co

GD Entertainment & Technology Inc focuses on high growth industries. The company currently has one operating subsidiary, DreamCard, a high-end metal card that personalizes debit and credit cards for a fee which allows users to create a customizable debit or credit card using its online platform. It also customizes Specialty Cards for Customer Loyalty and Affinity Networks. It simply takes an existing debit or credit card and transfers its data and chip into a new metal, 24karat or Stainless Steel card of the cardholders design and ships it to the holder. GDET markets to the business enterprises that promote commerce to members with a VIP card. Casinos and Affinity Networks form the base of company consumers.