Humatech (Humatech) Inventory Turnover : 11.81 (As of Jul. 2006)

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What is Humatech 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. Humatech's Cost of Goods Sold for the three months ended in Jul. 2006 was $0.25 Mil. Humatech's Average Total Inventories for the quarter that ended in Jul. 2006 was $0.02 Mil. Humatech's Inventory Turnover for the quarter that ended in Jul. 2006 was 11.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Humatech's Days Inventory for the three months ended in Jul. 2006 was 7.72.

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. Humatech's Inventory-to-Revenue for the quarter that ended in Jul. 2006 was 0.05.

Humatech Inventory Turnover Historical Data

The historical data trend for Humatech'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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Humatech Inventory Turnover Chart

Humatech Annual Data

Trend

Apr99

Apr00

Apr01

Apr02

Apr03

Apr04

Apr05

Apr06

Inventory Turnover

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1.93

3.28

6.77

23.86

107.50

Humatech Quarterly Data
	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06
Inventory Turnover	Get a 7-Day Free Trial															82.00	-	-	13.12	11.81

Humatech Inventory Turnover Calculation

Humatech's Inventory Turnover for the fiscal year that ended in Apr. 2006 is calculated as

	Inventory Turnover (A: Apr. 2006 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2006 )	/ (	(Total Inventories (A: Apr. 2005 )	+	Total Inventories (A: Apr. 2006 ))	/	count )
=	1.075	/ (	(0.003	+	0.017)	/	2 )
=	1.075	/	0.01
=	107.50

Humatech's Inventory Turnover for the quarter that ended in Jul. 2006 is calculated as

	Inventory Turnover (Q: Jul. 2006 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2006 )	/ (	(Total Inventories (Q: Apr. 2006 )	+	Total Inventories (Q: Jul. 2006 ))	/	count )
=	0.254	/ (	(0.017	+	0.026)	/	2 )
=	0.254	/	0.0215
=	11.81

Humatech (OTCPK:HUMT) 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.

Humatech's Days Inventory for the three months ended in Jul. 2006 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2006 )	/	Cost of Goods Sold (Q: Jul. 2006 )	*	Days in Period
	=	0.0215	/	0.254	*	365 / 4
	=	7.72

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.

Humatech's Inventory to Revenue for the quarter that ended in Jul. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2006 )	/	Revenue (Q: Jul. 2006 )
	=	0.0215	/	0.405
	=	0.05

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.

Humatech Inventory Turnover Related Terms

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Humatech (Humatech) Business Description

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Address

19416 Park Row, Suite 170, Houston, TX, USA, 77084

Website

http://www.humatech.com

Humatech Inc manufactures and distributes mineral-based animal feed supplements to the animal feeding industry. The company also manufactures and distributes organic-based fertilizer products to two primary groups: commercial growers of agricultural crops, and mass merchandisers and independent nurseries in the retail lawn and garden market.

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