Cray (CRAY) Inventory Turnover : 0.53 (As of Jun. 2019)

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What is Cray 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. Cray's Cost of Goods Sold for the three months ended in Jun. 2019 was $44.8 Mil. Cray's Average Total Inventories for the quarter that ended in Jun. 2019 was $84.3 Mil. Cray's Inventory Turnover for the quarter that ended in Jun. 2019 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cray's Days Inventory for the three months ended in Jun. 2019 was 171.84.

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. Cray's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 1.23.

Cray Inventory Turnover Historical Data

The historical data trend for Cray'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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Cray Inventory Turnover Chart

Cray Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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3.16

3.88

4.06

1.91

2.44

Cray Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															0.50	0.47	1.11	0.57	0.53

Cray Inventory Turnover Calculation

Cray's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	325.97	/ (	(186.307	+	80.36)	/	2 )
=	325.97	/	133.3335
=	2.44

Cray's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	44.752	/ (	(80.516	+	88.035)	/	2 )
=	44.752	/	84.2755
=	0.53

Cray (NAS:CRAY) 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.

Cray's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	84.2755	/	44.752	*	365 / 4
	=	171.84

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.

Cray's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	84.2755	/	68.699
	=	1.23

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.

Cray Inventory Turnover Related Terms

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Cray (CRAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cray Inc (NAS:CRAY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Fifth Avenue, Suite 1000, Seattle, WA, USA, 98164

Website

http://www.cray.com

Cray Inc designs, manufactures and services the high-performance computing market, primarily supercomputers, in addition to providing storage and data analytics solutions. Customers include domestic and foreign government and government-funded entities, academic institutions, and commercial institutions. The firm's supercomputers address computing resource challenges faced by customers today with respect to achieving massive scaling to tens of thousands of processors. Its analytics products apply these supercomputing technologies to complex data analytics use-cases. The firm generates revenue in the United States, Canada, Europe, Middle East, South America, and Asia Pacific.

Executives

Prithviraj Banerjee	director	C/O CRAY INC., 901 FIFTH AVENUE, SUITE 1000, SEATTLE WA 98164
Peter J Ungaro	director, officer: President & CEO	6280 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Brian V Turner	director	P.O. BOX 91123, SEATTLE WA 98111-9223
Catriona M. Fallon	director	C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Daniel C Regis	director	C/O CRAY INC., 901 FIFTH AVENUE, SUITE 1000, SEATTLE WA 98164
Martin J Homlish	director	C/O CRAY INC., 901 FIFTH AVENUE, SUITE 1000, SEATTLE WA 98164
Daniel J Evans	director	411 FIRST AVENUE SOUTH SUITE 600, SEATTLE WA 98014
William Arthur Owens	director	C/O CENTURYLINK, INC., 100 CENTURYLINK DRIVE, MONROE LA 71203