Archived posting to the Leica Users Group, 1999/02/26
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Yikes! I made a mistake in my last e-mail. I said >> Overall it looks like inventory is about 50 percent of sales. INV=109K and SALES=105K. That's less that two inventory turns per year.<< That was in error. I meant to say sales of 195K DM. Overall sales for the first 9 months ending 12/31/98 were 195K DM. Annualized that's 260K DM (prior year annual sales was 277K DM). That's 2.4 turns per year. Sorry for the error. It's not surprising that the shareholder letter said "priority is gven to further substantial inventory reduction..." Dave