SCCI (Shimmick Construction Company) Inventory Turnover: 66.35 (As of Jun. 2015)


What is Shimmick Construction Company Inventory Turnover?

Shimmick Construction Company SCCI Inventory Turnover is 66.35 as of Jun. 2015.

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. Shimmick Construction Company's Cost of Goods Sold for the six months ended in Jun. 2015 was $222.86 Mil. Shimmick Construction Company's Average Total Inventories for the quarter that ended in Jun. 2015 was $3.36 Mil. Shimmick Construction Company's Inventory Turnover for the quarter that ended in Jun. 2015 was 66.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shimmick Construction Company's Days Inventory for the six months ended in Jun. 2015 was 2.75.

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. Shimmick Construction Company's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.01.

Shimmick Construction Company  (NAS:SCCI) 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.

Shimmick Construction Company's Days Inventory for the six months ended in Jun. 2015 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2015 )/Cost of Goods Sold (Q: Jun. 2015 )*Days in Period
=3.359/222.864*365 / 2
=2.75

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.

Shimmick Construction Company's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2015 ) / Revenue (Q: Jun. 2015 )
=3.359 / 241.995
=0.01

* 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.

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.

Shimmick Construction Company Inventory Turnover Related Terms

Shimmick Construction Company Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Shimmick Construction Company'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.

Shimmick Construction Company Inventory Turnover Chart

Shimmick Construction Company Annual Data
Trend Dec13 Dec14
Inventory Turnover
78.09 84.58

Shimmick Construction Company Semi-Annual Data
Dec13 Jun14 Dec14 Jun15
Inventory Turnover 0.00 31.97 53.33 66.35

Shimmick Construction Company Inventory Turnover Calculation

Shimmick Construction Company's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Inventory Turnover (A: Dec. 2014 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2014 ) / ((Total Inventories (A: Dec. 2013 ) + Total Inventories (A: Dec. 2014 )) / count )
=293.409 / ((3.585 + 3.353) / 2 )
=293.409 / 3.469
=84.58

Shimmick Construction Company's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover (Q: Jun. 2015 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2015 ) / ((Total Inventories (Q: Dec. 2014 ) + Total Inventories (Q: Jun. 2015 )) / count )
=222.864 / ((3.353 + 3.365) / 2 )
=222.864 / 3.359
=66.35

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 66.35 mean?
Shimmick Construction Company (SCCI) has a Inventory Turnover of 66.35 as of Jun. 2015. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Shimmick Construction Company and its competitors.
Is Shimmick Construction Company's Inventory Turnover too high?
Shimmick Construction Company's current Inventory Turnover is 66.35.
How does Shimmick Construction Company's Inventory Turnover compare to TSSI and SWMM?
Shimmick Construction Company's Inventory Turnover of 66.35 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Construction company?
A good Inventory Turnover depends on the Construction industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Shimmick Construction Company and its competitors. Shimmick Construction Company's current Inventory Turnover is 66.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimmick Construction Company stock overvalued right now?
Shimmick Construction Company (SCCI) has a current Inventory Turnover of 66.35. The current Inventory Turnover is 66.35. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Shimmick Construction Company (SCCI), the current Inventory Turnover is 66.35 as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shimmick Construction Company Business Description

Shimmick Construction Company Inc is a heavy civil construction company founded in 1990. The Company is engaged in construction activities in the western United States, with operations in California. The Company offers general construction, construction management, and design-build services to federal, state, and local public agencies and private customers in California and the Western United States. The Company operates in two segments including construction Projects and Construction Materials. The Construction Projects segment performs construction projects including new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The Company's customers include Caltrans, City of San Francisco, Port of Long Beach, Port of Los Angeles, City of Los Angeles, LA MTA, BART, VTA, and the Metropolitan Water District of Southern California (MWD). The Company faces competition from competitors including Balfour Beatty plc, Barnard Construction Company, Inc., Dragados S.A., Flatiron Construction Corp., Fluor Corporation, Granite Construction Incorporated, Kiewit Corporation, Obayashi Corporation, Skanska AB, Traylor Bros., Inc., Tutor Perini Corporation, and Walsh Construction Co. The Company's business is subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances.