IPSCO Tubulars (IPSCO Tubulars) Inventory Turnover : 0.00 (As of Sep. 2017)

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What is IPSCO Tubulars 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. IPSCO Tubulars's Cost of Goods Sold for the three months ended in Sep. 2017 was $0.0 Mil. IPSCO Tubulars's Average Total Inventories for the quarter that ended in Sep. 2017 was $253.7 Mil. IPSCO Tubulars's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.00.

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

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.

IPSCO Tubulars Inventory Turnover Historical Data

The historical data trend for IPSCO Tubulars'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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IPSCO Tubulars Inventory Turnover Chart

IPSCO Tubulars Annual Data

Trend

Dec15

Dec16

Inventory Turnover

3.39

2.25

IPSCO Tubulars Quarterly Data
	Dec15	Dec16	Sep17
Inventory Turnover	-	0.64	-

IPSCO Tubulars Inventory Turnover Calculation

IPSCO Tubulars's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	539.511	/ (	(285.776	+	192.858)	/	2 )
=	539.511	/	239.317
=	2.25

IPSCO Tubulars's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

	Inventory Turnover (Q: Sep. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2017 )	/ (	(Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )
=	0	/ (	(192.858	+	314.538)	/	2 )
=	0	/	253.698
=	0.00

IPSCO Tubulars (NYSE:IPSC) 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.

IPSCO Tubulars's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	253.698	/	0	*	365 / 4
	=

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.

IPSCO Tubulars's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	253.698	/	0
	=

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.

IPSCO Tubulars Inventory Turnover Related Terms

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IPSCO Tubulars (IPSCO Tubulars) Business Description

Industry

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Address

Website

http://www.ipsco.com

IPSCO Tubulars Inc produces and supplies seamless and welded oil country tubular goods (OCTG) with a suite of connections to North American oil and gas exploration and production companies. The company's product portfolio comprises of seamless and welded line, standard and industrial pipes as well as line pipes and mechanical tubing. The firm's products are used in various applications such as machine building, power generation, automobile production, agricultural, commercial construction and automotive industries. Geographically the company receives maximum revenue from the United States.