FLIR Systems (BSP:F1LI34) Inventory Turnover : 0.58 (As of Mar. 2021)

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What is FLIR Systems 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. FLIR Systems's Cost of Goods Sold for the three months ended in Mar. 2021 was R$1,455 Mil. FLIR Systems's Average Total Inventories for the quarter that ended in Mar. 2021 was R$2,502 Mil. FLIR Systems's Inventory Turnover for the quarter that ended in Mar. 2021 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FLIR Systems's Days Inventory for the three months ended in Mar. 2021 was 156.99.

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. FLIR Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.95.

FLIR Systems Inventory Turnover Historical Data

The historical data trend for FLIR Systems'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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FLIR Systems Inventory Turnover Chart

FLIR Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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2.17

2.51

2.62

2.65

2.50

FLIR Systems Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.57	0.53	0.57	0.58

FLIR Systems Inventory Turnover Calculation

FLIR Systems's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	5024.705	/ (	(1595.674	+	2429.518)	/	2 )
=	5024.705	/	2012.596
=	2.50

FLIR Systems's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	1454.503	/ (	(2429.518	+	2575.28)	/	2 )
=	1454.503	/	2502.399
=	0.58

FLIR Systems (BSP:F1LI34) 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.

FLIR Systems's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	2502.399	/	1454.503	*	365 / 4
	=	156.99

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.

FLIR Systems's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	2502.399	/	2633.355
	=	0.95

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.

FLIR Systems Inventory Turnover Related Terms

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FLIR Systems (BSP:F1LI34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FLIR Systems Inc (BSP:F1LI34) » Definitions » Inventory Turnover

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Address

27700 SW Parkway Avenue, Wilsonville, OR, USA, 97070

Website

https://www.flir.com

FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.

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