Joy Global (Joy Global) Inventory-to-Revenue : 1.66 (As of Jan. 2017)

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What is Joy Global Inventory-to-Revenue?

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. Joy Global's Average Total Inventories for the quarter that ended in Jan. 2017 was $826 Mil. Joy Global's Revenue for the three months ended in Jan. 2017 was $498 Mil. Joy Global's Inventory-to-Revenue for the quarter that ended in Jan. 2017 was 1.66.

Joy Global's Inventory-to-Revenue for the quarter that ended in Jan. 2017 increased from Oct. 2016 (1.30) to Oct. 2016 (1.66)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Joy Global's Days Inventory for the three months ended in Jan. 2017 was 193.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Joy Global's Inventory Turnover for the quarter that ended in Jan. 2017 was 0.47.

Joy Global Inventory-to-Revenue Historical Data

The historical data trend for Joy Global's Inventory-to-Revenue 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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Joy Global Inventory-to-Revenue Chart

Joy Global Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Inventory-to-Revenue

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0.24

0.26

0.30

0.33

0.38

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Inventory-to-Revenue	Get a 7-Day Free Trial															1.87	1.58	1.57	1.30	1.66

Competitive Comparison of Joy Global's Inventory-to-Revenue

For the Farm & Heavy Construction Machinery subindustry, Joy Global's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Joy Global's Inventory-to-Revenue Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Joy Global's Inventory-to-Revenue falls into.

Joy Global Inventory-to-Revenue Calculation

Joy Global's Inventory-to-Revenue for the fiscal year that ended in Oct. 2016 is calculated as

	Inventory-to-Revenue (A: Oct. 2016 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Oct. 2015 )	+	Total Inventories (A: Oct. 2016 ))	/	count )	/	Revenue (A: Oct. 2016 )
=	( (1007.925	+	814.821)	/	2 )	/	2371.4
=	911.373					/	2371.4
=	0.38

Joy Global's Inventory-to-Revenue for the quarter that ended in Jan. 2017 is calculated as

	Inventory-to-Revenue (Q: Jan. 2017 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Oct. 2016 )	+	Total Inventories (Q: Jan. 2017 ))	/	count )	/	Revenue (Q: Jan. 2017 )
=	( (814.821	+	836.465)	/	2 )	/	497.769
=	825.643					/	497.769
=	1.66

Joy Global (NYSE:JOY) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Joy Global's Days Inventory for the three months ended in Jan. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2017 )	/	Cost of Goods Sold (Q: Jan. 2017 )	*	Days in Period
	=	825.643	/	389.108	*	365 / 4
	=	193.62

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

Joy Global's Inventory Turnover for the quarter that ended in Jan. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2017 )	/	Average Total Inventories (Q: Jan. 2017 )
	=	389.108	/	825.643
	=	0.47

Joy Global Inventory-to-Revenue Related Terms

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Joy Global (Joy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Joy Global Inc (NYSE:JOY) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.joyglobal.com

Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.

Executives

Sean D Major	officer: EVP, GC and Secretary	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Doheny Edward L Ii	director, officer: President and CEO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
James M Sullivan	officer: EVP & CFO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Gale E Klappa	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
John Nils Hanson	director	100 E WISCONSIN AVE, SUITE 2780, MILWAUKEE WI 53202
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Randal W Baker	officer: EVP and COO	100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Michael W Sutherlin	director, officer: President and CEO	7374 SE 71ST STREET, MERCER ISLAND WA 98040
Eric A. Nielsen	officer: EVP	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Ricky T Dillon	officer: VP and Controller	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ken C Johnsen	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Woodward James H Jr	officer: Executive Vice President, CFO	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Donald C Roof	officer: Executive Vice President, CFO	P O BOX 554, MILWAUKEE WI 53201