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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. Nexeo Solutions's Cost of Goods Sold for the three months ended in Dec. 2018 was $837 Mil. Nexeo Solutions's Average Total Inventories for the quarter that ended in Dec. 2018 was $350 Mil. Nexeo Solutions's Inventory Turnover for the quarter that ended in Dec. 2018 was 2.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexeo Solutions's Days Inventory for the three months ended in Dec. 2018 was 38.11.
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. Nexeo Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.37.
The historical data trend for Nexeo Solutions'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.
Nexeo Solutions Annual Data | |||||||||||
Trend | Dec14 | Dec15 | Sep16 | Sep17 | Sep18 | ||||||
Inventory Turnover | - | - | 3.03 | 10.26 | 10.92 |
Nexeo Solutions 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 | 2.41 | 2.50 | 2.52 | 2.57 | 2.39 |
Nexeo Solutions's Inventory Turnover for the fiscal year that ended in Sep. 2018 is calculated as
Inventory Turnover (A: Sep. 2018 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Sep. 2018 ) | / ( | (Total Inventories (A: Sep. 2017 ) | + | Total Inventories (A: Sep. 2018 )) | / | count ) |
= | 3574.1 | / ( | (315.5 | + | 338.8) | / | 2 ) |
= | 3574.1 | / | 327.15 | ||||
= | 10.92 |
Nexeo Solutions'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 ) |
= | 837.1 | / ( | (338.8 | + | 360.5) | / | 2 ) |
= | 837.1 | / | 349.65 | ||||
= | 2.39 |
* 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.
Nexeo Solutions (NAS:NXEO) 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.
Nexeo Solutions'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 |
= | 349.65 | / | 837.1 | * | 365 / 4 | |
= | 38.11 |
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.
Nexeo Solutions'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 ) |
= | 349.65 | / | 935.8 | |
= | 0.37 |
* 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.
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.
Thank you for viewing the detailed overview of Nexeo Solutions's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
James G Coulter | 10 percent owner, other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Thomas E Zacharias | director | C/O W P CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Brian Herington | officer: Executive VP, Chemicals | 3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380 |
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Mark Landecker | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
J Richard Atwood | 10 percent owner | |
Brian A. Selmo | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
Gabriela Garcia | officer: Controller | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
David A. Bradley | director, officer: President & CEO | 15710 JOHN F. KENNDEY BLVD, SUITE 300, HOUSTON TX 77032 |
Dan F Smith | director | 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010 |
Kenneth Michael Burke | director | 11742 RIVERVIEW DRIVE, HOUSTON TX 77007 |
Ross Crane | officer: EVP & CFO | 3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380 |
Tpg Advisors Vi, Inc. | other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Tpg Group Holdings (sbs) Advisors, Inc. | other: Former 10% Owner | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
David Bonderman | other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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