iGo (IGOI) Inventory Turnover : 1.83 (As of Dec. 2013)

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What is iGo 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. iGo's Cost of Goods Sold for the three months ended in Dec. 2013 was $4.36 Mil. iGo's Average Total Inventories for the quarter that ended in Dec. 2013 was $2.38 Mil. iGo's Inventory Turnover for the quarter that ended in Dec. 2013 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iGo's Days Inventory for the three months ended in Dec. 2013 was 49.88.

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. iGo's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.74.

iGo Inventory Turnover Historical Data

The historical data trend for iGo'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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iGo Inventory Turnover Chart

iGo Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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6.55

3.56

2.78

2.52

3.57

iGo Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial															0.62	0.65	0.81	0.93	1.83

iGo Inventory Turnover Calculation

iGo'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: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	17.44	/ (	(8.376	+	1.407)	/	2 )
=	17.44	/	4.8915
=	3.57

iGo's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	4.356	/ (	(3.355	+	1.407)	/	2 )
=	4.356	/	2.381
=	1.83

iGo (OTCPK:IGOI) 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.

iGo's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	2.381	/	4.356	*	365 / 4
	=	49.88

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.

iGo's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	2.381	/	3.21
	=	0.74

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.

iGo Inventory Turnover Related Terms

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iGo (IGOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » iGo Inc (OTCPK:IGOI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022

Website

http://www.igo.com

iGo Inc is a United States based company operating in the electronics industry. It offers power management solutions and accessories for laptop computers and electronic mobile devices.

Executives

Leonard J Mcgill	officer: Gen. Counsel, VP & Asst. Sec.	3125 MYERS STREET, RIVERSIDE CA 92503
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Frederic Welts	director	GOLDEN STATE WARRIORS, 1011 BROADWAY, OAKLAND CA 94607
Peter L Ax	director
Steel Excel Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jack L Howard	director, other: See explanation of responses.	182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Brian M Roberts	officer: General Counsel and Secretary, other: Vice President	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Robert W Shaner	director	INTERDIGITAL, INC., 781 THIRD AVENUE, KING OF PRUSSIA PA 19406
Jerre L Stead	director	4TH FLOOR, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY