Polycom (STU:PLY) Days Inventory : 70.66 (As of Jun. 2016)

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What is Polycom Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Polycom's Average Total Inventories for the three months ended in Jun. 2016 was €87 Mil. Polycom's Cost of Goods Sold for the three months ended in Jun. 2016 was €113 Mil. Hence, Polycom's Days Inventory for the three months ended in Jun. 2016 was 70.66.

The historical rank and industry rank for Polycom's Days Inventory or its related term are showing as below:

STU:PLY's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 103.77
* Ranked among companies with meaningful Days Inventory only.

Polycom's Days Inventory increased from Jun. 2015 (68.91) to Jun. 2016 (70.66). It might indicate that Polycom's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Polycom's Inventory Turnover for the three months ended in Jun. 2016 was 1.29.

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. Polycom's Inventory-to-Revenue for the three months ended in Jun. 2016 was 0.34.

Polycom Days Inventory Historical Data

The historical data trend for Polycom's Days Inventory 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.

* Premium members only.

Polycom Days Inventory Chart

Polycom Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Inventory

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69.35

61.88

65.84

62.99

61.48

Polycom Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Days Inventory	Get a 7-Day Free Trial															68.91	73.39	62.65	68.54	70.66

Competitive Comparison of Polycom's Days Inventory

For the Communication Equipment subindustry, Polycom's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Polycom's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Polycom's Days Inventory distribution charts can be found below:

* The bar in red indicates where Polycom's Days Inventory falls into.

Polycom Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Polycom's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

	Days Inventory (A: Dec. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (81.366	+	82.062)	/	2 )	/	485.138	*	365
=	81.714					/	485.138	*	365
=	61.48

Polycom's Days Inventory for the quarter that ended in Jun. 2016 is calculated as:

	Days Inventory (Q: Jun. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2016 )	+	Total Inventories (Q: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
=	( (88.256	+	86.106)	/	2 )	/	112.591	*	365 / 4
=	87.181					/	112.591	*	365 / 4
=	70.66

Polycom (STU:PLY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Polycom's Inventory Turnover for the three months ended in Jun. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	112.591	/	87.181
	=	1.29

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.

Polycom's Inventory to Revenue for the three months ended in Jun. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	87.181	/	256.123
	=	0.34

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Polycom Days Inventory Related Terms

Thank you for viewing the detailed overview of Polycom's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Polycom (STU:PLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Polycom Inc (STU:PLY) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.polycom.com

Polycom Inc was incorporated in December 1990 in Delaware. The Company provides an open, standards-based unified communications and collaboration (UC&C) solutions for voice, video and content collaboration solutions. Its solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich application programming interfaces (APIs) that interoperate with a set of communication, business, mobile, and cloud applications and devices to deliver secure face-to-face video collaboration across different environments. The Company is engaged in helping organizations achieve new levels of teamwork, efficiency and productivity by unleashing the power of human collaboration. The Company sells its solutions through a high-touch sales model that leverages its network of channel partners, including distributors, value-added resellers, system integrators; communications services providers, and retailers. The Company serves in three geographical segments; Americas, EMEA and APAC. Its products and solutions are; UC Group Systems, which includes immersive telepresence, group video and group voice systems. UC Platform, which includes collaboration servers, virtualization management "distributed media optimization", resource management, recording and streaming, open API's and remote access technologies that constitute the RealPresence Platform, and UC Personal Devices, which includes desktop video devices and desktop voice products. It competes in the UC&C market with products and solutions that enable voice, video and content collaboration on-premises, across intranets, extranets, mobile devices, and the Internet via its customer premises-based RealPresence Platform, web-based social-collaboration business platforms, and video collaboration-as-a-service offerings delivered from the cloud. These competitors include but are not limited to Cisco Systems, Inc., Acano, Avaya Inc., Blue Jeans Networks, Inc., ClearOne Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A./LifeSize, PexIP, Snom Technology Ag, Vidyo, Inc., Yamaha Corporation/Revolabs, Inc., Yealink, ZTE Corporation and others. Its products and services are subject to various federal, state, local, and foreign laws and regulations.

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