Anvifish Jsc (HSTC:AVF) Inventory Turnover : 2.58 (As of Sep. 2017)

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What is Anvifish Jsc 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. Anvifish Jsc's Cost of Goods Sold for the three months ended in Sep. 2017 was ₫633,904 Mil. Anvifish Jsc's Average Total Inventories for the quarter that ended in Sep. 2017 was ₫246,101 Mil. Anvifish Jsc's Inventory Turnover for the quarter that ended in Sep. 2017 was 2.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anvifish Jsc's Days Inventory for the three months ended in Sep. 2017 was 35.43.

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. Anvifish Jsc's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 0.38.

Anvifish Jsc Inventory Turnover Historical Data

The historical data trend for Anvifish Jsc'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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Anvifish Jsc Inventory Turnover Chart

Anvifish Jsc Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Sep15

Sep16

Inventory Turnover

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10.30

10.77

10.24

10.76

4.90

Anvifish Jsc Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Inventory Turnover	Get a 7-Day Free Trial															1.03	1.60	1.88	2.04	2.58

Anvifish Jsc Inventory Turnover Calculation

Anvifish Jsc's Inventory Turnover for the fiscal year that ended in Sep. 2016 is calculated as

	Inventory Turnover (A: Sep. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2016 )	/ (	(Total Inventories (A: Sep. 2015 )	+	Total Inventories (A: Sep. 2016 ))	/	count )
=	4251838.899	/ (	(0	+	867061.115)	/	1 )
=	4251838.899	/	867061.115
=	4.90

Anvifish Jsc's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

	Inventory Turnover (Q: Sep. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2017 )	/ (	(Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )
=	633904.275	/ (	(288953.16	+	203247.868)	/	2 )
=	633904.275	/	246100.514
=	2.58

Anvifish Jsc (HSTC:AVF) 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.

Anvifish Jsc's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	246100.514	/	633904.275	*	365 / 4
	=	35.43

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.

Anvifish Jsc's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	246100.514	/	643697.101
	=	0.38

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.

Anvifish Jsc Inventory Turnover Related Terms

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Anvifish Jsc (HSTC:AVF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Anvifish Jsc (HSTC:AVF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 11-1, 11-2, 11-3 C Expansion Area, Sa Dec Industrial Park, Tan Khanh Dong Village, Sa Dec Town, Dong Thap, VNM

Website

http://www.vietthangfeed.com.vn

Anvifish Jsc Formerly Viet Thang Feed Jsc is engaged in producing and processing of feeds for aquaculture, livestock and poultry; trading of feeds and raw materials for aquaculture, livestock and poultry; and culturing seafood.