TiVo (ROVI) Inventory Turnover : 13.81 (As of Mar. 2020)

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What is TiVo 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. TiVo's Cost of Goods Sold for the three months ended in Mar. 2020 was $42.4 Mil. TiVo's Average Total Inventories for the quarter that ended in Mar. 2020 was $3.1 Mil. TiVo's Inventory Turnover for the quarter that ended in Mar. 2020 was 13.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TiVo's Days Inventory for the three months ended in Mar. 2020 was 6.61.

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. TiVo's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.02.

TiVo Inventory Turnover Historical Data

The historical data trend for TiVo'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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TiVo Inventory Turnover Chart

TiVo Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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225.81

23.27

17.31

19.83

32.81

TiVo Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Inventory Turnover	Get a 7-Day Free Trial															6.40	8.38	12.75	14.72	13.81

TiVo Inventory Turnover Calculation

TiVo's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	174.65	/ (	(7.449	+	3.197)	/	2 )
=	174.65	/	5.323
=	32.81

TiVo's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

	Inventory Turnover (Q: Mar. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Mar. 2020 ))	/	count )
=	42.418	/ (	(3.197	+	2.944)	/	2 )
=	42.418	/	3.0705
=	13.81

TiVo (NAS:ROVI) 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.

TiVo's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2020 )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
	=	3.0705	/	42.418	*	365 / 4
	=	6.61

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.

TiVo's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	3.0705	/	159.861
	=	0.02

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.

TiVo Inventory Turnover Related Terms

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TiVo (ROVI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TiVo Corp (NAS:ROVI) » Definitions » Inventory Turnover

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Address

2160 Gold Street, San Jose, CA, USA, 95002

Website

http://www.tivo.com

TiVo Corp is engaged in media and entertainment products. It provides a broad set of cloud-based services, embedded software solutions and intellectual property that enable people to find and enjoy online video, television programming, movies and music entertainment. In addition, it also offers advanced media and advertising solutions, including viewership data, audience insights and advertising and programming promotion optimization, which enable advanced audience targeting in linear television advertising. The group solutions are sold globally to cable, satellite, and telecommunications pay-TV service providers, virtual service providers, content and new media companies and advertisers. Geographically its presence is seen in US and other international markets.