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iGo Inc (OTCPK:IGOI)
Days Inventory
49.88 (As of Dec. 2013)

iGo Inc's average inventory for the three months ended in Dec. 2013 was \$2.38 Mil. iGo Inc's cost of goods sold for the three months ended in Dec. 2013 was \$4.36 Mil. Hence, iGo Inc's days inventory for the three months ended in Dec. 2013 was 49.88.

iGo Inc's days inventory declined from Dec. 2012 (148.29) to Dec. 2013 (49.88).

Inventory can be measured by Days Sales of Inventory (DSI). iGo Inc's days sales of inventory (DSI) for the three months ended in Dec. 2013 was 67.68.

Inventory turnover measures how fast the company turns over its inventory within a year. iGo Inc's inventory turnover for the three months ended in Dec. 2013 was 1.83.

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. iGo Inc's inventory to revenue ratio for the three months ended in Dec. 2013 was 0.74.

Definition

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

iGo Inc's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

 Days Inventory (A: Dec. 2013 ) = Average Inventory / COGS * Days in Period = ( (Inventory (A: Dec. 2012 ) + Inventory (A: Dec. 2013 )) / 2 ) / COGS (A: Dec. 2013 ) * Days in Period = ( (8.376 + 1.407) / 2 ) / 17.44 * 365 = 4.8915 / 17.44 * 365 = 102.37

iGo Inc's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

 Days Inventory (Q: Dec. 2013 ) = Average Inventory / COGS * Days in Period = ( (Inventory (Q: Sep. 2013 ) + Inventory (Q: Dec. 2013 )) / 2 ) / COGS (Q: Dec. 2013 ) * Days in Period = ( (3.355 + 1.407) / 2 ) / 4.356 * 365 / 4 = 2.381 / 4.356 * 365 / 4 = 49.88

* 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).

iGo Inc's Days Sales of Inventory for the three months ended in Dec. 2013 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 2.381 / 3.21 * 365 / 4 = 67.68

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

iGo Inc's Inventory Turnover for the three months ended in Dec. 2013 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 4.356 / 2.381 = 1.83

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.

iGo Inc's Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 2.381 / 3.21 = 0.74

* 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.

iGo Inc Annual Data

 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 DaysInventory 58.32 63.90 67.69 61.66 39.34 55.75 102.58 131.12 145.10 102.37

iGo Inc Quarterly Data

 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 DaysInventory 164.18 137.74 141.76 158.39 141.39 148.29 139.79 112.44 97.83 49.88
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