Isle of Capri Casinos (Isle of Capri Casinos) Inventory Turnover : 18.09 (As of Jan. 2017)

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What is Isle of Capri Casinos 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. Isle of Capri Casinos's Cost of Goods Sold for the three months ended in Jan. 2017 was $102 Mil. Isle of Capri Casinos's Average Total Inventories for the quarter that ended in Jan. 2017 was $6 Mil. Isle of Capri Casinos's Inventory Turnover for the quarter that ended in Jan. 2017 was 18.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Isle of Capri Casinos's Days Inventory for the three months ended in Jan. 2017 was 5.04.

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. Isle of Capri Casinos's Inventory-to-Revenue for the quarter that ended in Jan. 2017 was 0.03.

Isle of Capri Casinos Inventory Turnover Historical Data

The historical data trend for Isle of Capri Casinos'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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Isle of Capri Casinos Inventory Turnover Chart

Isle of Capri Casinos Annual Data

Trend

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Inventory Turnover

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81.45

83.15

81.79

Isle of Capri Casinos Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Inventory Turnover	Get a 7-Day Free Trial															16.32	31.67	20.34	17.27	18.09

Isle of Capri Casinos Inventory Turnover Calculation

Isle of Capri Casinos's Inventory Turnover for the fiscal year that ended in Apr. 2016 is calculated as

	Inventory Turnover (A: Apr. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2016 )	/ (	(Total Inventories (A: Apr. 2015 )	+	Total Inventories (A: Apr. 2016 ))	/	count )
=	524.041	/ (	(6.509	+	6.305)	/	2 )
=	524.041	/	6.407
=	81.79

Isle of Capri Casinos's Inventory Turnover for the quarter that ended in Jan. 2017 is calculated as

	Inventory Turnover (Q: Jan. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2017 )	/ (	(Total Inventories (Q: Oct. 2016 )	+	Total Inventories (Q: Jan. 2017 ))	/	count )
=	101.981	/ (	(5.631	+	5.641)	/	2 )
=	101.981	/	5.636
=	18.09

Isle of Capri Casinos (NAS:ISLE) 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.

Isle of Capri Casinos's Days Inventory for the three months ended in Jan. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2017 )	/	Cost of Goods Sold (Q: Jan. 2017 )	*	Days in Period
	=	5.636	/	101.981	*	365 / 4
	=	5.04

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.

Isle of Capri Casinos's Inventory to Revenue for the quarter that ended in Jan. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2017 )	/	Revenue (Q: Jan. 2017 )
	=	5.636	/	193.817
	=	0.03

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.

Isle of Capri Casinos Inventory Turnover Related Terms

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Isle of Capri Casinos (Isle of Capri Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Isle of Capri Casinos Inc (NAS:ISLE) » Definitions » Inventory Turnover

Comparable Companies

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Address

Website

http://www.isleofcapricasinos.com

Isle of Capri operates 13 casinos in the United States, in cities ranging from Lula, Miss., to Kansas City, Mo., three casinos in the United Kingdom, and one in the Bahamas. The firm's casinos are regionally or locally focused, aiming to offer a fun entertainment alternative. Founded in 1990 and based in St. Louis, the company employs about 8,500 people.

Executives

Quatmann Edmund L Jr	officer: Chief Legal Officer	600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141
Gregory J. Kozicz	director	8800 PAGE AVENUE, ST.LOUIS MO 63114
Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Lee S Wielansky	director	PAUL HASTINGS, 75 EAST 55TH STREET, NEW YORK NY 10022
Eric L Hausler	officer: Chief Executive Officer	C/O TRUMP ENTERTAINMENT RESORTS, 1000 BOARDWALK, ATLANTIC CITY NJ 08401
Scott E Schubert	director	C/O SONUS NETWORKS, INC., 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
James Perry	officer: Executive Chairman