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. Electro Rent's Average Total Inventories for the quarter that ended in Feb. 2016 was $0.0 Mil. Electro Rent's Revenue for the
three
months ended in Feb. 2016 was $39.5 Mil.
Electro Rent's Inventory-to-Revenue for the quarter that ended in Feb. 2016 was 0.00.
Electro Rent's Inventory-to-Revenue for the quarter that ended in Feb. 2016
stayed the same
from Nov. 2015 (0.00) to Nov. 2015 (0.00)
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Electro Rent's Days Inventory for the
three
months ended in Feb. 2016 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Electro Rent Inventory-to-Revenue Historical Data
The historical data trend for Electro Rent'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.
Competitive Comparison of Electro Rent's Inventory-to-Revenue
For the Rental & Leasing Services subindustry, Electro Rent'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.
Electro Rent's Inventory-to-Revenue Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Electro Rent's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Electro Rent's Inventory-to-Revenue falls into.
Electro Rent Inventory-to-Revenue Calculation
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.
Electro Rent's Inventory-to-Revenue for the fiscal year that ended in May. 2015 is calculated as
* 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.
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.
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.
Electro Rent's Days Inventory for the
three
months ended in Feb. 2016 is calculated as:
* 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.
Electro Rent Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Electro Rent's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
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