ConvergeOne Holdings (ConvergeOne Holdings) Change In Inventory : $-13.7 Mil (TTM As of Sep. 2018)

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What is ConvergeOne Holdings Change In Inventory?

ConvergeOne Holdings's change in inventory for the quarter that ended in Sep. 2018 was $-5.9 Mil. It means ConvergeOne Holdings's inventory increased by $5.9 Mil from Jun. 2018 to Sep. 2018 .

ConvergeOne Holdings's change in inventory for the fiscal year that ended in Dec. 2017 was $0.0 Mil. It means ConvergeOne Holdings's inventory stayed the same from Dec. 2016 to Dec. 2017 .

ConvergeOne Holdings's Total Inventories for the quarter that ended in Sep. 2018 was $34.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ConvergeOne Holdings's Days Inventory for the quarter that ended in Sep. 2018 was 9.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. ConvergeOne Holdings's Inventory Turnover for the quarter that ended in Sep. 2018 was 9.57.

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. ConvergeOne Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.07.

ConvergeOne Holdings Change In Inventory Historical Data

The historical data trend for ConvergeOne Holdings's Change In Inventory 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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ConvergeOne Holdings Change In Inventory Chart

ConvergeOne Holdings Annual Data

Trend

Dec16

Dec17

Change In Inventory

ConvergeOne Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Change In Inventory	Get a 7-Day Free Trial			3.37	-	-3.52	-4.29	-5.93

ConvergeOne Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.7 Mil.

ConvergeOne Holdings (NAS:CVON) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ConvergeOne Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	29.94	/	286.407	*	365 / 4
	=	9.54

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

ConvergeOne Holdings's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	286.407	/	29.94
	=	9.57

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.

ConvergeOne Holdings's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29.94	/	404.754
	=	0.07

ConvergeOne Holdings Change In Inventory Related Terms

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ConvergeOne Holdings (ConvergeOne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConvergeOne Holdings Inc (NAS:CVON) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3344 Highway 149, Eagan, MN, USA, 55121

Website

https://www.convergeone.com

ConvergeOne Holdings Inc provides unified communications, mobility, converged networking, management, server, and storage consolidation services.

Executives

David Boris	director	C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Jose Enrique Feliciano	director, 10 percent owner	C/O CLEARLAKE CAPITAL GROUP, LLC, 650 MADISON AVE., 23RD FLOOR, NEW YORK NY 10022
Jeffrey E Nachbor	officer: Chief Financial Officer	LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Behdad Eghbali	director, 10 percent owner	233 WILSHIRE BLVD., SUITE 850, SANTA MONICA CA 90401
Ccg Operations, Llc	10 percent owner	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Clearlake Capital Partners, Llc	10 percent owner	233 WILSHIRE BLVD., SUITE 800, SANTA MONICA CA 90401
Timothy Pawlenty	director	C/O DIGITAL RIVER, INC., 10380 BREN ROAD WEST, MINNETONKA MN 55343-9072
Richard Katzman	director	KAZ INC, 1775 BROADWAY SUITE 2405, NEW YORK NY 10019
Ccp Mm, Llc	director, 10 percent owner	233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Steven Berns	other: Former Director	TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jerry Elliott	other: Former Director
Marshall Kiev	other: See Remarks	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Neil Goldberg	other: Former Director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Stephen A Vogel	other: Former Director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701