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IDEX Inventory Turnover

: 1.14 (As of Jun. 2021)
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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. IDEX's Cost of Goods Sold for the three months ended in Jun. 2021 was $380 Mil. IDEX's Total Inventories for the quarter that ended in Jun. 2021 was $332 Mil. IDEX's Inventory Turnover for the quarter that ended in Jun. 2021 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IDEX's Days Inventory for the three months ended in Jun. 2021 was 79.84.

Total Inventories can be measured by Days Sales of Inventory (DSI). IDEX's days sales of inventory (DSI) for the three months ended in Jun. 2021 was 44.21.

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. IDEX's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.48.


IDEX Inventory Turnover Historical Data

The historical data trend for IDEX'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.

IDEX Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.81 4.92 5.06 4.78 4.54

IDEX Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 1.05 1.17 1.21 1.14

IDEX Inventory Turnover Calculation

IDEX's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=1324.222 / ((293.467 + 289.91) / 2 )
=1324.222 / 291.6885
=4.54

IDEX's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

Inventory Turnover (Q: Jun. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Jun. 2021 ) / ((Total Inventories (Q: Mar. 2021 ) + Total Inventories (Q: Jun. 2021 )) / count )
=379.875 / ((304.636 + 360.079) / 2 )
=379.875 / 332.3575
=1.14

* 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.


IDEX  (NYSE:IEX) 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.

IDEX's Days Inventory for the three months ended in Jun. 2021 is calculated as:

Days Inventory =Total Inventories (Q: Jun. 2021 )/Cost of Goods Sold (Q: Jun. 2021 )*Days in Period
=332.3575/379.875*365 / 4
=79.84

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

IDEX's Days Sales of Inventory for the three months ended in Jun. 2021 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Jun. 2021 )/Revenue (Q: Jun. 2021 )*Days in Period
=332.3575/685.947*365 / 4
=44.21

3. 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.

IDEX's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=332.3575 / 685.947
=0.48

* 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.


IDEX Inventory Turnover Related Terms

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


IDEX Business Description

IDEX logo
Industry
Industrials » Industrial Products NAICS : 333249 SIC : 3561
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, Chicago, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire & safety, life science, and water. The firm's business is organized into three segments: fluid & metering technologies, health & science technologies, and fire & safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $2.4 billion in revenue and $537 million in adjusted operating income in 2020.
Executives
Yates Michael J officer: VP-Chief Accounting Officer 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Silvernail Andrew K director, officer: Chairman and CEO 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Bucklew Jeffrey D officer: SVP-Chief HR Officer 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Ashleman Eric D officer: President and COO 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Cade Denise R officer: SVP-General Counsel & Corp Sec 1011 WARRENVILLE ROAD SUITE 600 LISLE IL 60532
Salliotte Daniel J officer: SVP - MERGERS & ACQUISITIONS 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Mrozek Ernest J director SERVICE MASTER 2300 WARRENVILLE ROAD DOWNERS GROVE IL 60515
Cook William M director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Satterthwaite Livingston director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Christenson Carl R director C/O ALTRA INDUSTRIAL MOTION INC. 300 GRANITE STREET BRAINTREE MA 02184
Helmkamp Katrina L director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Parry David C director 155 HARLEM AVE. GLENVIEW IL 60025
Beck Mark A director 2200 PENNSYLVANIA AVENUE, NW SUITE 800W WASHINGTON DC 20037
Warner Cynthia J director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Buthman Mark A director P O BOX 619100 DALLAS TX 752619100

IDEX Headlines

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