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Electro Rent Corp (NAS:ELRC)
Days Inventory
0.00 (As of Feb. 2016)

Electro Rent Corp's average inventory for the three months ended in Feb. 2016 was \$0.0 Mil. Electro Rent Corp's cost of goods sold for the three months ended in Feb. 2016 was \$10.6 Mil. Hence, Electro Rent Corp's days inventory for the three months ended in Feb. 2016 was 0.00.

Electro Rent Corp's days inventory stayed the same from Feb. 2015 (0.00) to Feb. 2016 (0.00).

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

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

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. Electro Rent Corp's inventory to revenue ratio for the three months ended in Feb. 2016 was 0.00.

Definition

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

Electro Rent Corp's Days Inventory for the fiscal year that ended in May. 2015 is calculated as

 Days Inventory (A: May. 2015 ) = Average Inventory / COGS * Days in Period = ( (Inventory (A: May. 2014 ) + Inventory (A: May. 2015 )) / 2 ) / COGS (A: May. 2015 ) * Days in Period = ( (0 + 0) / 2 ) / 99.643 * 365 = 0 / 99.643 * 365 = 0.00

Electro Rent Corp's Days Inventory for the quarter that ended in Feb. 2016 is calculated as:

 Days Inventory (Q: Feb. 2016 ) = Average Inventory / COGS * Days in Period = ( (Inventory (Q: Nov. 2015 ) + Inventory (Q: Feb. 2016 )) / 2 ) / COGS (Q: Feb. 2016 ) * Days in Period = ( (0 + 0) / 2 ) / 10.582 * 365 / 4 = 0 / 10.582 * 365 / 4 = 0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

An increase of Days Inventory may indicate the company's sales slowed.

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

Electro Rent Corp's Days Sales of Inventory for the three months ended in Feb. 2016 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 0 / 39.498 * 365 / 4 =

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

Electro Rent Corp's Inventory Turnover for the three months ended in Feb. 2016 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 10.582 / 0 =

3. 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.

Electro Rent Corp's Inventory to Revenue for the three months ended in Feb. 2016 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 0 / 39.498 = 0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Electro Rent Corp Annual Data

 May06 May07 May08 May09 May10 May11 May12 May13 May14 May15 DaysInventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Electro Rent Corp Quarterly Data

 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 DaysInventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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