The Ultimate Software Group (The Ultimate Software Group) Inventory Turnover : 0.00 (As of Mar. 2019)

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What is The Ultimate Software Group 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. The Ultimate Software Group's Cost of Goods Sold for the three months ended in Mar. 2019 was $129 Mil. The Ultimate Software Group's Average Total Inventories for the quarter that ended in Mar. 2019 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Ultimate Software Group's Days Inventory for the three months ended in Mar. 2019 was 0.00.

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. The Ultimate Software Group's Inventory-to-Revenue for the quarter that ended in Mar. 2019 was 0.00.

The Ultimate Software Group Inventory Turnover Historical Data

The historical data trend for The Ultimate Software Group'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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The Ultimate Software Group Inventory Turnover Chart

The Ultimate Software Group Annual Data

Trend

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Inventory Turnover

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The Ultimate Software Group Quarterly Data
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Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

The Ultimate Software Group Inventory Turnover Calculation

The Ultimate Software Group's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	431.734	/ (	(0	+	0)	/	1 )
=	431.734	/	0
=	N/A

The Ultimate Software Group's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

	Inventory Turnover (Q: Mar. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2019 )	/ (	(Total Inventories (Q: Dec. 2018 )	+	Total Inventories (Q: Mar. 2019 ))	/	count )
=	129.445	/ (	(0	+	0)	/	1 )
=	129.445	/	0
=	N/A

The Ultimate Software Group (NAS:ULTI) 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.

The Ultimate Software Group's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2019 )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
	=	0	/	129.445	*	365 / 4
	=	0.00

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.

The Ultimate Software Group's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	0	/	335.005
	=	0.00

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.

The Ultimate Software Group Inventory Turnover Related Terms

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The Ultimate Software Group (The Ultimate Software Group) Business Description

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Address

2000 Ultimate Way, Weston, FL, USA, 33326

Website

http://www.ultimatesoftware.com

The Ultimate Software Group is a provider of human capital management software solutions. The firm's UltiPro product suite includes human resources, payroll, and benefits management functionality, available in 12 languages and 35 country-specific localizations. Its solutions manage the complete employee lifecycle from recruitment to retirement, and include talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, reporting, and analytical capabilities. The firm generates revenue through cloud subscription fees and implementation consulting services fees. All of the firm's revenue is generated in the United States and Canada.

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