ARRIS International (ARRIS International) Inventory Turnover : 1.79 (As of Dec. 2018)

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What is ARRIS International 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. ARRIS International's Cost of Goods Sold for the three months ended in Dec. 2018 was $1,308 Mil. ARRIS International's Average Total Inventories for the quarter that ended in Dec. 2018 was $729 Mil. ARRIS International's Inventory Turnover for the quarter that ended in Dec. 2018 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ARRIS International's Days Inventory for the three months ended in Dec. 2018 was 50.84.

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. ARRIS International's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.41.

ARRIS International Inventory Turnover Historical Data

The historical data trend for ARRIS International'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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ARRIS International Inventory Turnover Chart

ARRIS International Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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10.23

8.42

10.75

7.19

6.16

ARRIS International Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Inventory Turnover	Get a 7-Day Free Trial															1.55	1.32	1.49	1.56	1.79

ARRIS International Inventory Turnover Calculation

ARRIS International'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 )
=	4823.781	/ (	(825.211	+	740.205)	/	2 )
=	4823.781	/	782.708
=	6.16

ARRIS International's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

	Inventory Turnover (Q: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2018 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )
=	1307.91	/ (	(717.272	+	740.205)	/	2 )
=	1307.91	/	728.7385
=	1.79

ARRIS International (NAS:ARRS) 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.

ARRIS International's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	728.7385	/	1307.91	*	365 / 4
	=	50.84

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.

ARRIS International's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	728.7385	/	1787.142
	=	0.41

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.

ARRIS International Inventory Turnover Related Terms

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ARRIS International (ARRIS International) Business Description

Industry

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Traded in Other Exchanges

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Address

3871 Lakefield Drive, Suwanee, GA, USA, 30024

Website

https://www.arris.com

ARRIS International PLC is a media entertainment and data communications solutions provider. Its innovations combine hardware, software, and services across the cloud, network, and home to power TV and Internet for millions of people around the globe. It operates in two business segments, Customer Premises Equipment, and Network & Cloud. It specializes in enabling multichannel video programming distribution including cable, telephone, and digital broadcast satellite operatorion. It operates manufacturing facilities in Taipei, Taiwan; Tijuana, Mexico, and Manaus, Brazil.