Anite (LSE:AIE) Inventory Turnover : 3.41 (As of Apr. 2015)

View and export this data going back to . Start your Free Trial

What is Anite 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. Anite's Cost of Goods Sold for the six months ended in Apr. 2015 was £25.5 Mil. Anite's Average Total Inventories for the quarter that ended in Apr. 2015 was £7.5 Mil. Anite's Inventory Turnover for the quarter that ended in Apr. 2015 was 3.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anite's Days Inventory for the six months ended in Apr. 2015 was 53.55.

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. Anite's Inventory-to-Revenue for the quarter that ended in Apr. 2015 was 0.11.

Anite Inventory Turnover Historical Data

The historical data trend for Anite'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.

* Premium members only.

Anite Inventory Turnover Chart

Anite Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Inventory Turnover

Get a 7-Day Free Trial

8.32

6.72

3.68

4.20

5.74

Anite Semi-Annual Data
	Oct05	Apr06	Oct06	Apr07	Oct07	Apr08	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15
Inventory Turnover	Get a 7-Day Free Trial															1.39	1.65	2.08	2.32	3.41

Anite Inventory Turnover Calculation

Anite's Inventory Turnover for the fiscal year that ended in Apr. 2015 is calculated as

	Inventory Turnover (A: Apr. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2015 )	/ (	(Total Inventories (A: Apr. 2014 )	+	Total Inventories (A: Apr. 2015 ))	/	count )
=	47.183	/ (	(10.096	+	6.356)	/	2 )
=	47.183	/	8.226
=	5.74

Anite's Inventory Turnover for the quarter that ended in Apr. 2015 is calculated as

	Inventory Turnover (Q: Apr. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2015 )	/ (	(Total Inventories (Q: Oct. 2014 )	+	Total Inventories (Q: Apr. 2015 ))	/	count )
=	25.482	/ (	(8.597	+	6.356)	/	2 )
=	25.482	/	7.4765
=	3.41

Anite (LSE:AIE) 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.

Anite's Days Inventory for the six months ended in Apr. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2015 )	/	Cost of Goods Sold (Q: Apr. 2015 )	*	Days in Period
	=	7.4765	/	25.482	*	365 / 2
	=	53.55

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.

Anite's Inventory to Revenue for the quarter that ended in Apr. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2015 )	/	Revenue (Q: Apr. 2015 )
	=	7.4765	/	69.454
	=	0.11

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.

Anite Inventory Turnover Related Terms

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

Anite (LSE:AIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Anite PLC (LSE:AIE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.anite.com

Anite PLC is a company incorporated in United Kingdom on March 7, 1984. It is a wireless testing company engaged in developing the software and hardware helping deliver the mobile technologies. The Company provides mobile device, infrastructure and network testing systems including hardware and software. The Company operates in two segments; Handset testing and Network testing. The Handset testing is a wireless test system enabling manufacturers to design efficient chipsets, mobile devices and network equipment. The Network testing technology enables mobile network operators and manufacturers to test and optimise their networks. The Company's Handset testing products include; Development Testing, Conformance Testing, Interoperability Testing, Propsim OTA Testing, Propsim Virtual Drive Testing, Propsim 802.11ac/n Testing, Propsim MANET Testing, Propsim Aerospace Testing, & Triton. The Company's Network testing products include; Nemo Outdoor, Nemo Handy, Nemo Walker Air, Nemo Invex, Nemo FSR1, Nemo Autonomous, Nemo Commander, Nemo Analyze, Nemo CEM Observer, and Nemo CEM Solution. Its customers include Device manufacturers, Chipset manufacturers, Mobile network operators, Mobile network operators, and Independent test companies.

Anite (LSE:AIE) Headlines

No Headlines