US Helicopter (US Helicopter) Inventory Turnover : 24.95 (As of Dec. 2007)

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What is US Helicopter 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. US Helicopter's Cost of Goods Sold for the six months ended in Dec. 2007 was $0.95 Mil. US Helicopter's Average Total Inventories for the quarter that ended in Dec. 2007 was $0.04 Mil. US Helicopter's Inventory Turnover for the quarter that ended in Dec. 2007 was 24.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. US Helicopter's Days Inventory for the six months ended in Dec. 2007 was 7.32.

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. US Helicopter's Inventory-to-Revenue for the quarter that ended in Dec. 2007 was 0.01.

US Helicopter Inventory Turnover Historical Data

The historical data trend for US Helicopter'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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US Helicopter Inventory Turnover Chart

US Helicopter Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Inventory Turnover

66.45

24.95

US Helicopter Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07
Inventory Turnover	-	-	66.45	24.95

US Helicopter Inventory Turnover Calculation

US Helicopter's Inventory Turnover for the fiscal year that ended in Dec. 2007 is calculated as

	Inventory Turnover (A: Dec. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2007 )	/ (	(Total Inventories (A: Dec. 2006 )	+	Total Inventories (A: Dec. 2007 ))	/	count )
=	0.948	/ (	(0.031	+	0.045)	/	2 )
=	0.948	/	0.038
=	24.95

US Helicopter's Inventory Turnover for the quarter that ended in Dec. 2007 is calculated as

	Inventory Turnover (Q: Dec. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2007 )	/ (	(Total Inventories (Q: Dec. 2006 )	+	Total Inventories (Q: Dec. 2007 ))	/	count )
=	0.948	/ (	(0.031	+	0.045)	/	2 )
=	0.948	/	0.038
=	24.95

US Helicopter (OTCPK:USHP) 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.

US Helicopter's Days Inventory for the six months ended in Dec. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2007 )	/	Cost of Goods Sold (Q: Dec. 2007 )	*	Days in Period
	=	0.038	/	0.948	*	365 / 2
	=	7.32

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.

US Helicopter's Inventory to Revenue for the quarter that ended in Dec. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2007 )	/	Revenue (Q: Dec. 2007 )
	=	0.038	/	3.776
	=	0.01

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.

US Helicopter Inventory Turnover Related Terms

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US Helicopter (US Helicopter) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » US Helicopter Corp (OTCPK:USHP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.flyush.com

The Company provides regularly scheduled helicopter shuttle service between many of the nation's metropolitan airports and surrounding city-based heliports.

Executives

Dean C Borgman	director
Stephen T Wills	director	PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE, CRANBURY NJ 08512

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