Andalay Solar (Andalay Solar) Inventory Turnover : 0.17 (As of Sep. 2015)

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What is Andalay Solar 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. Andalay Solar's Cost of Goods Sold for the three months ended in Sep. 2015 was $0.04 Mil. Andalay Solar's Average Total Inventories for the quarter that ended in Sep. 2015 was $0.21 Mil. Andalay Solar's Inventory Turnover for the quarter that ended in Sep. 2015 was 0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andalay Solar's Days Inventory for the three months ended in Sep. 2015 was 542.29.

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. Andalay Solar's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 1.09.

Andalay Solar Inventory Turnover Historical Data

The historical data trend for Andalay Solar'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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Andalay Solar Inventory Turnover Chart

Andalay Solar Annual Data

Trend

Oct05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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1.71

2.47

2.03

1.26

1.57

Andalay Solar Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.31	0.40	1.71	0.17

Andalay Solar Inventory Turnover Calculation

Andalay Solar's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	1.191	/ (	(0.787	+	0.728)	/	2 )
=	1.191	/	0.7575
=	1.57

Andalay Solar's Inventory Turnover for the quarter that ended in Sep. 2015 is calculated as

	Inventory Turnover (Q: Sep. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2015 )	/ (	(Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )
=	0.035	/ (	(0.232	+	0.184)	/	2 )
=	0.035	/	0.208
=	0.17

Andalay Solar (GREY:WEST) 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.

Andalay Solar's Days Inventory for the three months ended in Sep. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2015 )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
	=	0.208	/	0.035	*	365 / 4
	=	542.29

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.

Andalay Solar's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2015 )	/	Revenue (Q: Sep. 2015 )
	=	0.208	/	0.191
	=	1.09

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.

Andalay Solar Inventory Turnover Related Terms

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Andalay Solar (Andalay Solar) Business Description

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Address

Website

http://www.andalaysolar.com

Andalay Solar Inc designs and manufactures solar power systems and solar panels with integrated micro-inverters. Its product offering includes sold to solar installers, trade workers, and do-it-yourself customers. The company operates in two segments which include Selling AC solar panels to solar installers, trade workers and do-it-yourself customers and its markets, sells, designs and installs systems for residential and commercial customers.