Dominion Diamond (Dominion Diamond) Inventory Turnover : 0.42 (As of Apr. 2017)

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What is Dominion Diamond 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. Dominion Diamond's Cost of Goods Sold for the three months ended in Apr. 2017 was $180.2 Mil. Dominion Diamond's Average Total Inventories for the quarter that ended in Apr. 2017 was $429.5 Mil. Dominion Diamond's Inventory Turnover for the quarter that ended in Apr. 2017 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dominion Diamond's Days Inventory for the three months ended in Apr. 2017 was 217.47.

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. Dominion Diamond's Inventory-to-Revenue for the quarter that ended in Apr. 2017 was 2.04.

Dominion Diamond Inventory Turnover Historical Data

The historical data trend for Dominion Diamond'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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Dominion Diamond Inventory Turnover Chart

Dominion Diamond Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Inventory Turnover

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0.93

2.30

1.48

1.50

1.31

Dominion Diamond Quarterly Data
	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.22	0.28	0.42	-

Dominion Diamond Inventory Turnover Calculation

Dominion Diamond's Inventory Turnover for the fiscal year that ended in Jan. 2017 is calculated as

	Inventory Turnover (A: Jan. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2017 )	/ (	(Total Inventories (A: Jan. 2016 )	+	Total Inventories (A: Jan. 2017 ))	/	count )
=	544.45	/ (	(416.146	+	412.227)	/	2 )
=	544.45	/	414.1865
=	1.31

Dominion Diamond's Inventory Turnover for the quarter that ended in Apr. 2017 is calculated as

	Inventory Turnover (Q: Apr. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2017 )	/ (	(Total Inventories (Q: Jan. 2017 )	+	Total Inventories (Q: Apr. 2017 ))	/	count )
=	180.205	/ (	(412.227	+	446.7)	/	2 )
=	180.205	/	429.4635
=	0.42

Dominion Diamond (NYSE:DDC) 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.

Dominion Diamond's Days Inventory for the three months ended in Apr. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2017 )	/	Cost of Goods Sold (Q: Apr. 2017 )	*	Days in Period
	=	429.4635	/	180.205	*	365 / 4
	=	217.47

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.

Dominion Diamond's Inventory to Revenue for the quarter that ended in Apr. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2017 )	/	Revenue (Q: Apr. 2017 )
	=	429.4635	/	210.978
	=	2.04

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.

Dominion Diamond Inventory Turnover Related Terms

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Dominion Diamond (Dominion Diamond) Business Description

Industry

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Address

Website

http://www.ddcorp.ca

Dominion Diamond Corp is a Canadian diamond mining company that supplies rough diamonds to the global market. The company owns two major diamond mines, the Ekati Diamond Mine, for which a controlling interest is owned by Dominion Diamond, and the Diavik Diamond Mine. Both mines are located in Canada's Northwest Territories. Dominion Diamond receives rough diamonds through its ownership interests in these mines, and sells the sorted and assessed diamonds to diamond manufacturers who cut and polish diamonds.