Covisint (Covisint) Inventory Turnover : 0.00 (As of Mar. 2017)

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What is Covisint 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. Covisint's Cost of Goods Sold for the three months ended in Mar. 2017 was $7.69 Mil. Covisint's Average Total Inventories for the quarter that ended in Mar. 2017 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Covisint's Days Inventory for the three months ended in Mar. 2017 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. Covisint's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.00.

Covisint Inventory Turnover Historical Data

The historical data trend for Covisint'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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Covisint Inventory Turnover Chart

Covisint Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Inventory Turnover

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Covisint Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Covisint Inventory Turnover Calculation

Covisint's Inventory Turnover for the fiscal year that ended in Mar. 2017 is calculated as

	Inventory Turnover (A: Mar. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2017 )	/ (	(Total Inventories (A: Mar. 2016 )	+	Total Inventories (A: Mar. 2017 ))	/	count )
=	33.279	/ (	(0	+	0)	/	1 )
=	33.279	/	0
=	N/A

Covisint's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

	Inventory Turnover (Q: Mar. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2017 )	/ (	(Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Mar. 2017 ))	/	count )
=	7.685	/ (	(0	+	0)	/	1 )
=	7.685	/	0
=	N/A

Covisint (NAS:COVS) 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.

Covisint's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	0	/	7.685	*	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.

Covisint's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	0	/	18.982
	=	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.

Covisint Inventory Turnover Related Terms

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Covisint (Covisint) Business Description

Industry

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

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Traded in Other Exchanges

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Address

Website

http://www.covisint.com

Covisint Corp incorporated in April 2008 provides a cloud Platform for the development of identity-centric and IoT solutions. It packages and markets the Covisint Cloud Platform as three different offerings namely, The Covisint Identity Platform, The Covisint IoT Platform, and The Covisint Connected Vehicle Platform. The Covisint Platform offers a complete and tightly integrated set of technologies for one purpose- to enable trusted information sharing and secure interactions across people, systems and things. It offer these capabilities via the public cloud, and exposed via APIs, to enable developers to create custom solutions to transform their businesses.

Executives

William O Grabe	director	C/O COMPUWARE CORP, DETROIT MI 48226
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224

Covisint (Covisint) Headlines

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