Vectren (Vectren) Inventory Turnover : 1.73 (As of Sep. 2018)

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What is Vectren 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. Vectren's Cost of Goods Sold for the three months ended in Sep. 2018 was $193 Mil. Vectren's Average Total Inventories for the quarter that ended in Sep. 2018 was $112 Mil. Vectren's Inventory Turnover for the quarter that ended in Sep. 2018 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vectren's Days Inventory for the three months ended in Sep. 2018 was 52.63.

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. Vectren's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.17.

Vectren Inventory Turnover Historical Data

The historical data trend for Vectren'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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Vectren Inventory Turnover Chart

Vectren Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory Turnover

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6.33

8.04

6.72

6.17

6.92

Vectren Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Inventory Turnover	Get a 7-Day Free Trial															1.64	2.07	2.15	1.88	1.73

Vectren Inventory Turnover Calculation

Vectren's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	887.5	/ (	(129.9	+	126.6)	/	2 )
=	887.5	/	128.25
=	6.92

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

	Inventory Turnover (Q: Sep. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2018 )	/ (	(Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )
=	193.4	/ (	(103.7	+	119.4)	/	2 )
=	193.4	/	111.55
=	1.73

Vectren (NYSE:VVC) 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.

Vectren's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	111.55	/	193.4	*	365 / 4
	=	52.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	111.55	/	665
	=	0.17

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.

Vectren Inventory Turnover Related Terms

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Vectren (Vectren) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Vectren Corp (NYSE:VVC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vectren.com

Vectren Corp is an energy holding company whose principal business is the ownership of energy utility companies in the American state of Indiana. Vectren Corp has three wholly owned subsidiaries: Indiana Gas Company, Southern Indiana Gas and Electric Company (SIGECO), and Vectren Energy Delivery of Ohio (VEDO). The company derives roughly half of its total revenue from both the natural gas and electricity distribution services provided by SIGECO and VEDO to primarily residential and commercial consumers in Indiana. Vectren Corp's Infrastructure Services business represents the other half of its total revenue generation. Within this unit, the company provides underground pipeline construction and repair services to utilities companies, such as its own subsidiaries.

Executives

Teresa J. Tanner	director	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Michael L Smith	director	C/O AGILON HEALTH, INC., 6210 E HWY 290, SUITE 450, AUSTIN TX 78723
M Susan Hardwick	officer: EVP & Chief Financial Officer	C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Robert G Jones	director	OLD NATIONAL BANCORP, ONE MAIN STREET, EVANSVILLE IN 47708
Jean L Wojtowicz	director	C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Anton H George	director	C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Degraffenreidt James H Jr	director	1100 H ST NW, WASHINGTON DC 20080
Martin C Jischke	director	1031 HOVDE HALL, W LAFAYETTE IN 47907
Niel C Ellerbrook	director	C/O OLD NATIONAL BANCORP, ONE MAIN STREET, EVANVILLE IN 47708
William G Mays	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Koch Robert L Ii	director