ZELTIQ Aesthetics (ZELTIQ Aesthetics) Inventory Turnover : 0.84 (As of Dec. 2016)

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What is ZELTIQ Aesthetics 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. ZELTIQ Aesthetics's Cost of Goods Sold for the three months ended in Dec. 2016 was $29.4 Mil. ZELTIQ Aesthetics's Average Total Inventories for the quarter that ended in Dec. 2016 was $35.1 Mil. ZELTIQ Aesthetics's Inventory Turnover for the quarter that ended in Dec. 2016 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ZELTIQ Aesthetics's Days Inventory for the three months ended in Dec. 2016 was 109.08.

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. ZELTIQ Aesthetics's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 0.33.

ZELTIQ Aesthetics Inventory Turnover Historical Data

The historical data trend for ZELTIQ Aesthetics'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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ZELTIQ Aesthetics Inventory Turnover Chart

ZELTIQ Aesthetics Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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3.32

3.55

4.18

3.41

3.13

ZELTIQ Aesthetics Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Inventory Turnover	Get a 7-Day Free Trial															0.91	0.60	0.91	0.94	0.84

ZELTIQ Aesthetics Inventory Turnover Calculation

ZELTIQ Aesthetics's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	103.527	/ (	(28.095	+	37.963)	/	2 )
=	103.527	/	33.029
=	3.13

ZELTIQ Aesthetics's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

	Inventory Turnover (Q: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2016 )	/ (	(Total Inventories (Q: Sep. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )
=	29.366	/ (	(32.246	+	37.963)	/	2 )
=	29.366	/	35.1045
=	0.84

ZELTIQ Aesthetics (NAS:ZLTQ) 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.

ZELTIQ Aesthetics's Days Inventory for the three months ended in Dec. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2016 )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
	=	35.1045	/	29.366	*	365 / 4
	=	109.08

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.

ZELTIQ Aesthetics's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2016 )	/	Revenue (Q: Dec. 2016 )
	=	35.1045	/	105.11
	=	0.33

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.

ZELTIQ Aesthetics Inventory Turnover Related Terms

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ZELTIQ Aesthetics (ZELTIQ Aesthetics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ZELTIQ Aesthetics Inc (NAS:ZLTQ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Website

http://www.coolsculpting.com

ZELTIQ Aesthetics Inc was incorporated in Delaware in March 2005 as Juniper Medical, Inc. In July 2007, it changed its name to ZELTIQ Aesthetics, Inc. ZELTIQ Aesthetics, Inc. is a medical technology company focused on developing and commercializing products utilizing its proprietary controlled cooling technology platform. Its first commercial product, the CoolSculpting system, is designed to selectively reduce stubborn fat bulges. CoolSculpting is based on the scientific principle that fat cells are more sensitive to cold than the overlying skin and surrounding tissues.

Executives

Todd Erik Zavodnick	officer: President, International	C/O REVANCE THERAPEUTICS, INC., 7555 GATEWAY BOULEVARD, NEWARK CA 94560
Bradley Hauser	officer: SVP, Research and Development	C/O ZELTIQ AESTHETICS, INC., 4698 WILLOW ROAD, SUITE 100, PLEASANTON CA 94588
Danika R Harrison	officer: SVP of Global Marketing	C/O ZELTIQ AESTHETICS, INC. 4410 ROSEWOOD DRIVE PLEASANTON CA 94588
Mark J Foley	director, officer: President and CEO	ZELTIQ AESTHETICS INC., 4698 WILLOW ROAD SUITE 100, PLEASANTON CA 94588
Taylor C. Harris	officer: SVP & Chief Financial Officer	6035 STONERIDGE DRIVE, PLEASANTON CA 94588
Kevin C Oboyle	director	5964 LA PLACE COURT, CARLSBAD CA 92008
Mary Fisher	director	C/O ACORDA THERAPEUTICS, INC., 15 SKYLINE DRIVE, HAWTHORNE NY 10532
D Keith Grossman	director
Andrew N Schiff	director, 10 percent owner	PLANET ZANETT INC, 135 E 57TH ST, NEW YORK NY 10022
Keith J Sullivan	officer: CCO, President, North America	C/O RELIANT TECHNOLOGIES, INC., 464 ELLIS STREET, MOUNTAIN VIEW CA 94043
Patrick F. Williams	officer: SVP & CFO	C/O ZELTIQ AESTHETICS INC., 4698 WILLOW ROAD, SUITE 100, PLEASANTON CA 94588
Leonard C Debenedictis	officer: Chief Technical Officer	C/O RELIANT TECHNOLOGIES, INC., 464 ELLIS STREET, MOUNTAIN VIEW CA 94043
Bryan E Roberts	director	C/O VENROCK ASSOCIATES, 2494 SAND HILL ROAD STE 200, MENLO PARK CA 94025
Jean George	director	CRITICAL THERAPEUTICS INC, 60 WESTVIEW STREET, LEXINGTON MA 02421
Aisling Capital Iii Lp	10 percent owner	888 Seventh Avenue, 30th Fl, New York NY 10106

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