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Cyberonics Inc (NAS:CYBX)
Change In Inventory
$-0.6 Mil (As of Oct. 2014)

Cyberonics Inc's change in inventory for the quarter that ended in Oct. 2014 was $-0.6 Mil. It means Cyberonics Inc's inventory declined by $0.6 Mil from Jul. 2014 to Oct. 2014 .

Cyberonics Inc's change in inventory for the fiscal year that ended in Apr. 2014 was $0.3 Mil. It means Cyberonics Inc's inventory increased by $0.3 Mil from Apr. 2013 to Apr. 2014 .

Cyberonics Inc's inventory for the quarter that ended in Oct. 2014 was $19.1 Mil. Cyberonics Inc's average inventory for the quarter that ended in Oct. 2014 was $18.9 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Cyberonics Inc's days inventory for the quarter that ended in Oct. 2014 was 254.88.

Inventory can be measured by Days Sales of Inventory (DSI). Cyberonics Inc's days sales of inventory (DSI) for the quarter that ended in Oct. 2014 was 23.49.

Inventory turnover measures how fast the company turns over its inventory within a year. Cyberonics Inc's inventory turnover for the quarter that ended in Oct. 2014 was 0.36.

Inventory to revenue ratio 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. Cyberonics Inc's inventory to revenue ratio for the quarter that ended in Oct. 2014 was 0.26.


Definition

Change In Inventory is the difference between last period’s ending inventory and the current period’s ending inventory.


Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cyberonics Inc's Days Inventory for the quarter that ended in Oct. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: Jul. 2014 )+Inventory (Q: Oct. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (18.686+19.111)/ 2 )/6.766*365 / 4
=18.8985/6.766*365 / 4
=254.88

2. Inventory can be measured by Days Sales of Inventory (DSI).

Cyberonics Inc's Days Sales of Inventory for the quarter that ended in Oct. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=18.8985/73.417*365 / 4
=23.49

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cyberonics Inc's Inventory Turnover for the quarter that ended in Oct. 2014 is calculated as

4. 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.

Cyberonics Inc's Inventory to Revenue for the quarter that ended in Oct. 2014 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=18.8985 / 73.417
=0.26

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Inventory, Days Inventory, Cost of Goods Sold, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cyberonics Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ChangeInInventory -0.8-8.80.14.5-0.0-1.5-0.80.7-3.40.3

Cyberonics Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ChangeInInventory -0.1-2.8-0.1-0.40.1-0.3-0.00.5-1.1-0.6
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