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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. GT Advanced Technologies's Cost of Goods Sold for the three months ended in Jun. 2014 was $94.1 Mil. GT Advanced Technologies's Average Total Inventories for the quarter that ended in Jun. 2014 was $97.3 Mil. GT Advanced Technologies's Inventory Turnover for the quarter that ended in Jun. 2014 was 0.97.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GT Advanced Technologies's Days Inventory for the three months ended in Jun. 2014 was 94.32.
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. GT Advanced Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 1.68.
The historical data trend for GT Advanced Technologies'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.
GT Advanced Technologies Annual Data | |||||||||||||||||||||
Trend | Mar04 | Mar05 | Mar06 | Mar07 | Mar08 | Mar09 | Mar10 | Mar11 | Mar12 | Dec13 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 4.63 | 3.77 | 5.30 | 3.30 | 1.77 |
GT Advanced Technologies 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 | 0.81 | 0.19 | 0.36 | 0.42 | 0.97 |
GT Advanced Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as
Inventory Turnover (A: Dec. 2013 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2013 ) | / ( | (Total Inventories (A: Mar. 2012 ) | + | Total Inventories (A: Dec. 2013 )) | / | count ) |
= | 205.92 | / ( | (193.295 | + | 39.087) | / | 2 ) |
= | 205.92 | / | 116.191 | ||||
= | 1.77 |
GT Advanced Technologies'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 ) |
= | 94.113 | / ( | (61.909 | + | 132.647) | / | 2 ) |
= | 94.113 | / | 97.278 | ||||
= | 0.97 |
* 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.
GT Advanced Technologies (OTCPK:GTAT) 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.
GT Advanced Technologies'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 |
= | 97.278 | / | 94.113 | * | 365 / 4 | |
= | 94.32 |
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.
GT Advanced Technologies'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 ) |
= | 97.278 | / | 58 | |
= | 1.68 |
* 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 GT Advanced Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Ray John J. Iii | director | C/O GREYLOCK PARTNERS, LLC, 780 FIFTH AVENUE, NAPLES FL 34102 |
Richard E Newsted | director | C/O GT ADVANCED TECHNOLOGIES INC, 243 DANIEL WEBSTER HIGHWAY, MERRIMACK NH 03054 |
Thomas Gutierrez | director, officer: President and CEO | C/O XERIUM TECHNOLOGIES, INC., ONE TECHNOLOGY DRIVE, WESTBOROUGH MA 01581 |
Matthew E Massengill | director | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Noel G Watson | director | C/O JACOBS ENGINEERING GROUP INC, 1111 S ARROYO PKWY, PASADENA CA 91105 |
John Michal Conaway | director | QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175 |
Kathleen A Cote | director | 12061 BLUEMONT WAY, RESTON VA 20190 |
Thomas Jr Wroe | director | |
Robert E Switz | director | 13625 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344 |
Fmr Llc | other: Edward C. Johnson 3d | 245 SUMMER STREET, BOSTON MA 02210 |
John Granara | officer: VP Finance, Controller, CAO | A123 SYSTEMS INC. ARSENAL ON THE CHARLES, 321 ARSENAL STREET, WATERTOWN MA 02472 |
Mary L Petrovich | director | |
David C Gray | officer: Chief Strategy/New Bus.Officer | C/O GT SOLAR INTERNATIONAL, INC., 243 DANIEL WEBSTER HIGHWAY, MERRIMACK NH 03054 |
Cheryl A Diuguid | officer: VP, GM, Sapphire Materials/Eq. | C/O XERIUM TECHNOLOGIES, INC., ONE TECHNOLOGY DRIVE, WESTBOROUGH MA 01581 |
Fusen Ernie Chen | director | 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034 |
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