B/E Aerospace (B/E Aerospace) Inventory Turnover : 0.36 (As of Dec. 2016)

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What is B/E Aerospace Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. B/E Aerospace's Cost of Goods Sold for the three months ended in Dec. 2016 was $458 Mil. B/E Aerospace's Average Total Inventories for the quarter that ended in Dec. 2016 was $1,255 Mil. B/E Aerospace's Inventory Turnover for the quarter that ended in Dec. 2016 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. B/E Aerospace's Days Inventory for the three months ended in Dec. 2016 was 250.35.

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. B/E Aerospace's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 1.72.

B/E Aerospace Inventory Turnover Historical Data

The historical data trend for B/E Aerospace's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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B/E Aerospace Inventory Turnover Chart

B/E Aerospace Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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1.19

1.17

1.10

1.63

1.53

B/E Aerospace Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Inventory Turnover	Get a 7-Day Free Trial															0.36	0.39	0.38	0.37	0.36

B/E Aerospace Inventory Turnover Calculation

B/E Aerospace's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	1799.5	/ (	(1091.9	+	1258.9)	/	2 )
=	1799.5	/	1175.4
=	1.53

B/E Aerospace's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

	Inventory Turnover (Q: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2016 )	/ (	(Total Inventories (Q: Sep. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )
=	457.6	/ (	(1252	+	1258.9)	/	2 )
=	457.6	/	1255.45
=	0.36

B/E Aerospace (NAS:BEAV) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

B/E Aerospace's Days Inventory for the three months ended in Dec. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2016 )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
	=	1255.45	/	457.6	*	365 / 4
	=	250.35

2. 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.

B/E Aerospace's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2016 )	/	Revenue (Q: Dec. 2016 )
	=	1255.45	/	730.4
	=	1.72

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

B/E Aerospace Inventory Turnover Related Terms

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B/E Aerospace (B/E Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » B/E Aerospace Inc (NAS:BEAV) » Definitions » Inventory Turnover

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Address

Website

http://www.beaerospace.com

B/E Aerospace Inc is a Delaware corporation incorporated in 1987. The Company manufactures aircraft cabin interior products. It designs, develops and manufactures products for both commercial aircrafts and business jets. It offers products including aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems. It also provides cabin interior reconfiguration, program management and certification services. In addition, it also designs, engineers and manufactures customized and fully integrated thermal and power management solutions. The Company sells and supports its products through its direct sales and product support organization. The Company's operations are subject to changing federal, state and foreign laws and regulations establishing health and environmental quality standards, including those governing discharges of pollutants into the air and water and the management and disposal of hazardous substances and wastes.

Executives

James F Albaugh	director	C/O THE BOEING COMPANY, 100 NORTH RIVERSIDE PLAZA, CHICAGO IL 60606
David J Anderson	director	C/O HONEYWELL INTERNATIONAL INC, 101 COLUMBIA ROAD, MORRISTOWN NJ 09762
Mary M Vandeweghe	director	1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Amin J Khoury	director, officer: Executive Chairman	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Joseph T Lower	officer: VP and CFO	200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Richard Hamermesh	director	C/O BE AEROSPACE, INC., 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Whates	director	1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John A Cuomo	officer: Vice President & GM	6348 WALKER LANE, ALEXANDRIA VA 22310
Thomas P Mccaffrey	officer: Sr. VP & CFO	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Charles L Chadwell	director	C/O BE AEROSPACE, INC., 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
Kyri Loupis	other: VP/CFO Consumable Mgmt Grp	C/O JULIEN YOO, GOLDMAN SACHS, 200 WEST STREET, NEW YORK NY 10282
David C Hurley	director	C/O BE AEROSPACE INC, 1400 CORPORATE CENTERWAY, WELLINGTON FL 33414
Brian H Rowe	director	538 COMMONS DRIVE, GOLDEN CO 80401