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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. Ingram Micro's Cost of Goods Sold for the three months ended in Sep. 2016 was $9,511 Mil. Ingram Micro's Average Total Inventories for the quarter that ended in Sep. 2016 was $3,785 Mil. Ingram Micro's Inventory Turnover for the quarter that ended in Sep. 2016 was 2.51.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ingram Micro's Days Inventory for the three months ended in Sep. 2016 was 36.31.
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. Ingram Micro's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.37.
The historical data trend for Ingram Micro'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.
Ingram Micro Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 11.75 | 10.96 | 10.95 | 11.14 | 10.61 |
Ingram Micro Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
Inventory Turnover | Get a 7-Day Free Trial | 2.64 | 2.96 | 2.48 | 2.58 | 2.51 |
Ingram Micro's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as
Inventory Turnover (A: Dec. 2015 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2015 ) | / ( | (Total Inventories (A: Dec. 2014 ) | + | Total Inventories (A: Dec. 2015 )) | / | count ) |
= | 40314.56 | / ( | (4145.012 | + | 3457.016) | / | 2 ) |
= | 40314.56 | / | 3801.014 | ||||
= | 10.61 |
Ingram Micro's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as
Inventory Turnover (Q: Sep. 2016 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Sep. 2016 ) | / ( | (Total Inventories (Q: Jun. 2016 ) | + | Total Inventories (Q: Sep. 2016 )) | / | count ) |
= | 9511.447 | / ( | (3731.176 | + | 3839.219) | / | 2 ) |
= | 9511.447 | / | 3785.1975 | ||||
= | 2.51 |
* 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.
Ingram Micro (NYSE:IM) 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.
Ingram Micro's Days Inventory for the three months ended in Sep. 2016 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2016 ) | / | Cost of Goods Sold (Q: Sep. 2016 ) | * | Days in Period |
= | 3785.1975 | / | 9511.447 | * | 365 / 4 | |
= | 36.31 |
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.
Ingram Micro's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2016 ) | / | Revenue (Q: Sep. 2016 ) |
= | 3785.1975 | / | 10226.826 | |
= | 0.37 |
* 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 Ingram Micro's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott A Mcgregor | director | 5300 CALIFORNIA AVENUE, IRVINE CA 92617 |
William David Humes | officer: Chief Financial Officer | INGRAM MICRO INC., 1600 E. ST. ANDREW PLACE, SANTA ANA CA 92705 |
Wade Oosterman | director | C/O INGRAM MICRO INC., 1600 E. ST. ANDREW PLACE, SANTA ANA CA 92705 |
Heisz Leslie Stone | director | C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201 |
Linda Fayne Levinson | director | C/O JACOBS ENGINEERING GROUP INC, 1111 S ARROYO PKWY, PASADENA CA 91105 |
Dale R Laurance | director | |
Howard I Atkins | director | OCCIDENTAL PETROLEUM CORPORATION, 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046 |
David A Barnes | director | 55 GLENLAKE PARKWAY NE, ATLANTA GA 30328 |
Carol Mills Baldwin | director | 600 TELEPHONE AVENUE, MS#65, ANCHORAGE AK 99503 |
Alain Monie | director, officer: Director and CEO | WORLDWIDE LEGAL DEPT 1600 E ST, SANTA ANA CA 92705 |
Paul Read | officer: President & COO | MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212 |
Lynn Jolliffe | officer: EVP, Human Resources | INGRAM MICRO INC., 1600 EAST SAINT ANDREW PLACE, SANTA ANA CA 92705 |
Ernest Park | officer: Sr. EVP, CIO | C/O INGRAM MICRO INC., 1600 E. ST. ANDREW PLACE, SANTA ANA CA 92705 |
Michael T Smith | director | 190 NW SPANISH RIVER BOULEVARD, SUITE 101, BOCA RATON FL 33431 |
Ingram Orrin H Ii | director | C/O FB FNIANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203 |
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