IRIS Group (XBRU:IRIS) Days Inventory : 21.78 (As of Jun. 2012)

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What is IRIS Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). IRIS Group's Average Total Inventories for the six months ended in Jun. 2012 was €2.85 Mil. IRIS Group's Cost of Goods Sold for the six months ended in Jun. 2012 was €23.86 Mil. Hence, IRIS Group's Days Inventory for the six months ended in Jun. 2012 was 21.78.

The historical rank and industry rank for IRIS Group's Days Inventory or its related term are showing as below:

XBRU:IRIS's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.5
* Ranked among companies with meaningful Days Inventory only.

IRIS Group's Days Inventory increased from . 20 (0.00) to Jun. 2012 (21.78). It might indicate that IRIS Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IRIS Group's Inventory Turnover for the six months ended in Jun. 2012 was 8.38.

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. IRIS Group's Inventory-to-Revenue for the six months ended in Jun. 2012 was 0.06.

IRIS Group Days Inventory Historical Data

The historical data trend for IRIS Group's Days 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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IRIS Group Days Inventory Chart

IRIS Group Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Days Inventory

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7.31

16.49

32.42

18.29

12.02

IRIS Group Semi-Annual Data
	Dec11	Jun12
Days Inventory	13.93	21.78

Competitive Comparison of IRIS Group's Days Inventory

For the Software - Application subindustry, IRIS Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

IRIS Group's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, IRIS Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where IRIS Group's Days Inventory falls into.

IRIS Group Days Inventory Calculation

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

IRIS Group's Days Inventory for the fiscal year that ended in Dec. 2011 is calculated as

	Days Inventory (A: Dec. 2011 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2010 )	+	Total Inventories (A: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2011 )	*	Days in Period
=	( (2.636	+	2.725)	/	2 )	/	81.372	*	365
=	2.6805					/	81.372	*	365
=	12.02

IRIS Group's Days Inventory for the quarter that ended in Jun. 2012 is calculated as:

	Days Inventory (Q: Jun. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2011 )	+	Total Inventories (Q: Jun. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2012 )	*	Days in Period
=	( (2.725	+	2.969)	/	2 )	/	23.859	*	365 / 2
=	2.847					/	23.859	*	365 / 2
=	21.78

IRIS Group (XBRU:IRIS) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

IRIS Group's Inventory Turnover for the six months ended in Jun. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.859	/	2.847
	=	8.38

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.

IRIS Group's Inventory to Revenue for the six months ended in Jun. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.847	/	44.241
	=	0.06

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

IRIS Group Days Inventory Related Terms

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IRIS Group (XBRU:IRIS) Business Description

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