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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. Education Management's Cost of Goods Sold for the three months ended in Jun. 2014 was $314 Mil. Education Management's Average Total Inventories for the quarter that ended in Jun. 2014 was $0 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Education Management's Days Inventory for the three months ended in Jun. 2014 was 0.00.
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. Education Management's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.00.
The historical data trend for Education Management'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.
Education Management Annual Data | |||||||||||||||||||||
Trend | Jun05 | Jun06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 120.62 | 138.67 | 167.15 | 172.64 | - |
Education Management Quarterly Data | ||||||||||||||||||||
Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | |
Inventory Turnover | Get a 7-Day Free Trial | 50.76 | - | - | - | - |
Education Management's Inventory Turnover for the fiscal year that ended in Jun. 2014 is calculated as
Inventory Turnover (A: Jun. 2014 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Jun. 2014 ) | / ( | (Total Inventories (A: Jun. 2013 ) | + | Total Inventories (A: Jun. 2014 )) | / | count ) |
= | 1373.699 | / ( | (0 | + | 0) | / | 1 ) |
= | 1373.699 | / | 0 | ||||
= | N/A |
Education Management's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as
Inventory Turnover (Q: Jun. 2014 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Jun. 2014 ) | / ( | (Total Inventories (Q: Mar. 2014 ) | + | Total Inventories (Q: Jun. 2014 )) | / | count ) |
= | 313.625 | / ( | (0 | + | 0) | / | 1 ) |
= | 313.625 | / | 0 | ||||
= | N/A |
* 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.
Education Management (OTCPK:EDMCQ) 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.
Education Management's Days Inventory for the three months ended in Jun. 2014 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2014 ) | / | Cost of Goods Sold (Q: Jun. 2014 ) | * | Days in Period |
= | 0 | / | 313.625 | * | 365 / 4 | |
= | 0.00 |
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.
Education Management's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2014 ) | / | Revenue (Q: Jun. 2014 ) |
= | 0 | / | 503.481 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of Education Management's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Carol Dibattiste | officer: See Remarks | 1155 W FREDERICK SMALL RD, JUPITER FL 33458 |
Mick J Beekhuizen | officer: See Remarks | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Edward H West | director, officer: See Remarks | 3250 BRIARPARK DR, SUITE 400, HOUSTON TX 77042 |
Citigroup Inc | 10 percent owner | 388 GREENWICH STREET, NEW YORK NY 10013 |
James Hobby | officer: See Remarks | 400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602 |
John Robert Kline | officer: See Remarks | PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173 |
Jonathan M Nelson | 10 percent owner | C/O PROVIDENCE EQUITY PARTNERS, L.L.C., 50 KENNEDY PLAZA, 18TH FL, PROVIDENCE RI 02903 |
Robert G. Hrivnak | officer: See Remarks | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Jeffrey T Leeds | director | 660 MADISON AVE 15TH FL, NEW YORK NY 10021 |
Samuel C Cowley | director | 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043 |
Brian A. Napack | director | C/O JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Providence Equity Gp Iv L.p. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv, L.l.c. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv Lp | 10 percent owner | |
William R Johnson | director | UNITED PARCEL SERVICE, INC., 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
From GuruFocus
By gurufocus 10qk • 02-11-2011
By gurufocus 10qk • 05-12-2010
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