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Quality Systems Inc (NAS:QSII)
Change In Inventory
$0.1 Mil (As of Jun. 2014)

Quality Systems Inc's change in inventory for the quarter that ended in Jun. 2014 was $0.1 Mil. It means Quality Systems Inc's inventory increased by $0.1 Mil from Mar. 2014 to Jun. 2014 .

Quality Systems Inc's change in inventory for the fiscal year that ended in Mar. 2014 was $-0.1 Mil. It means Quality Systems Inc's inventory declined by $0.1 Mil from Mar. 2013 to Mar. 2014 .

Quality Systems Inc's inventory for the quarter that ended in Jun. 2014 was $0.8 Mil. Quality Systems Inc's average inventory for the quarter that ended in Jun. 2014 was $0.8 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Quality Systems Inc's days inventory for the quarter that ended in Jun. 2014 was 1.29.

Inventory can be measured by Days Sales of Inventory (DSI). Quality Systems Inc's days sales of inventory (DSI) for the quarter that ended in Jun. 2014 was 0.61.

Inventory turnover measures how fast the company turns over its inventory within a year. Quality Systems Inc's inventory turnover for the quarter that ended in Jun. 2014 was 70.72.

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. Quality Systems Inc's inventory to revenue ratio for the quarter that ended in Jun. 2014 was 0.01.


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.

Quality Systems Inc's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: Mar. 2014 )+Inventory (Q: Jun. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (0.834+0.755)/ 2 )/56.19*91
=0.7945/56.19*91
=1.29

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

Quality Systems Inc's Days Sales of Inventory for the quarter that ended in Jun. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=0.7945/117.894*91
=0.61

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

Quality Systems Inc's Inventory Turnover for the quarter that ended in Jun. 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.

Quality Systems Inc's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=0.7945 / 117.894
=0.01

* 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.

Quality Systems Inc Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
ChangeInInventory -0.40.2-0.60.1-0.1-0.21.1-1.00.3-0.1

Quality Systems Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ChangeInInventory 0.2-0.40.2-0.10.5-0.30.00.10.10.1
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