Layne Christensen Co (Layne Christensen Co) Inventory Turnover : 3.98 (As of Apr. 2018)

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What is Layne Christensen Co 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. Layne Christensen Co's Cost of Goods Sold for the three months ended in Apr. 2018 was $86.0 Mil. Layne Christensen Co's Average Total Inventories for the quarter that ended in Apr. 2018 was $21.6 Mil. Layne Christensen Co's Inventory Turnover for the quarter that ended in Apr. 2018 was 3.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Layne Christensen Co's Days Inventory for the three months ended in Apr. 2018 was 22.95.

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. Layne Christensen Co's Inventory-to-Revenue for the quarter that ended in Apr. 2018 was 0.19.

Layne Christensen Co Inventory Turnover Historical Data

The historical data trend for Layne Christensen Co'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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Layne Christensen Co Inventory Turnover Chart

Layne Christensen Co Annual Data

Trend

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Inventory Turnover

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15.85

20.17

17.27

19.99

19.36

Layne Christensen Co Quarterly Data
	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18
Inventory Turnover	Get a 7-Day Free Trial															4.44	4.80	4.94	4.53	3.98

Layne Christensen Co Inventory Turnover Calculation

Layne Christensen Co's Inventory Turnover for the fiscal year that ended in Jan. 2018 is calculated as

	Inventory Turnover (A: Jan. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2018 )	/ (	(Total Inventories (A: Jan. 2017 )	+	Total Inventories (A: Jan. 2018 ))	/	count )
=	374.761	/ (	(18.697	+	20.02)	/	2 )
=	374.761	/	19.3585
=	19.36

Layne Christensen Co's Inventory Turnover for the quarter that ended in Apr. 2018 is calculated as

	Inventory Turnover (Q: Apr. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2018 )	/ (	(Total Inventories (Q: Jan. 2018 )	+	Total Inventories (Q: Apr. 2018 ))	/	count )
=	86.026	/ (	(20.02	+	23.258)	/	2 )
=	86.026	/	21.639
=	3.98

Layne Christensen Co (NAS:LAYN) 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.

Layne Christensen Co's Days Inventory for the three months ended in Apr. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2018 )	/	Cost of Goods Sold (Q: Apr. 2018 )	*	Days in Period
	=	21.639	/	86.026	*	365 / 4
	=	22.95

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.

Layne Christensen Co's Inventory to Revenue for the quarter that ended in Apr. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2018 )	/	Revenue (Q: Apr. 2018 )
	=	21.639	/	114.551
	=	0.19

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.

Layne Christensen Co Inventory Turnover Related Terms

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Layne Christensen Co (Layne Christensen Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Layne Christensen Co (NAS:LAYN) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.layne.com

Layne Christensen Co started more than 100 years ago as a water-well drilling company, and over the years, it has expanded to include water treatment and infrastructure construction services, and mineral exploration drilling services. In 2002, the company entered the energy industry and now develops and produces gas from tight shales and coal seams.

Executives

Nesser John T Iii	director	777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Alan Krusi	director	AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071
J Michael Anderson	officer: Senior Vice President and CFO
Brown David A B	director
Michael J Caliel	director	1800 WEST LOOP SOUTH, SUITE 500, HOUSTON TX 77027
Nelson Obus	director
Wynnefield Small Cap Value Offshore Fund Ltd	other: Affiliate	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Capital Inc	other: Affiliate	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp	other: Affiliate	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Management Llc	other: Affiliate	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	other: Affiliate	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	other: Affiliate
Andrew B Schmitt	director	1900 SHAWNEE MISSION PKWY, MISSION WOODS KS 66205
Donald K Miller	director
Wynnefield Capital, Inc. Profit Sharing Plan	director, 10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123