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TeleCommunication Systems Inc (NAS:TSYS)
Days Inventory
13.32 (As of Sep. 2015)

TeleCommunication Systems Inc's average inventory for the three months ended in Sep. 2015 was \$9.5 Mil. TeleCommunication Systems Inc's cost of goods sold for the three months ended in Sep. 2015 was \$64.8 Mil. Hence, TeleCommunication Systems Inc's days inventory for the three months ended in Sep. 2015 was 13.32.

TeleCommunication Systems Inc's days inventory declined from Sep. 2014 (14.24) to Sep. 2015 (13.32).

Inventory can be measured by Days Sales of Inventory (DSI). TeleCommunication Systems Inc's days sales of inventory (DSI) for the three months ended in Sep. 2015 was 8.54.

Inventory turnover measures how fast the company turns over its inventory within a year. TeleCommunication Systems Inc's inventory turnover for the three months ended in Sep. 2015 was 6.85.

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. TeleCommunication Systems Inc's inventory to revenue ratio for the three months ended in Sep. 2015 was 0.09.

Definition

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

TeleCommunication Systems Inc's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

 Days Inventory (A: Dec. 2014 ) = Average Inventory / COGS * Days in Period = ( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 ) * Days in Period = ( (9.89 + 6.253) / 2 ) / 212.271 * 365 = 8.0715 / 212.271 * 365 = 13.88

TeleCommunication Systems Inc's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

 Days Inventory (Q: Sep. 2015 ) = Average Inventory / COGS * Days in Period = ( (Inventory (Q: Jun. 2015 ) + Inventory (Q: Sep. 2015 )) / 2 ) / COGS (Q: Sep. 2015 ) * Days in Period = ( (9.217 + 9.714) / 2 ) / 64.834 * 365 / 4 = 9.4655 / 64.834 * 365 / 4 = 13.32

* 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).

TeleCommunication Systems Inc's Days Sales of Inventory for the three months ended in Sep. 2015 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 9.4655 / 101.14 * 365 / 4 = 8.54

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

TeleCommunication Systems Inc's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 64.834 / 9.4655 = 6.85

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.

TeleCommunication Systems Inc's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 9.4655 / 101.14 = 0.09

* 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.

TeleCommunication Systems Inc Annual Data

 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 DaysInventory 21.23 22.00 21.61 10.63 11.80 10.75 8.38 10.17 17.14 13.88

TeleCommunication Systems Inc Quarterly Data

 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 DaysInventory 18.55 18.54 20.17 17.31 19.28 14.24 11.46 14.25 15.17 13.32
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