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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. Cerner's Cost of Goods Sold for the three months ended in Mar. 2022 was $244 Mil. Cerner's Average Total Inventories for the quarter that ended in Mar. 2022 was $28 Mil. Cerner's Inventory Turnover for the quarter that ended in Mar. 2022 was 8.73.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cerner's Days Inventory for the three months ended in Mar. 2022 was 10.45.
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. Cerner's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.02.
The historical data trend for Cerner'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.
Cerner Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 56.03 | 45.97 | 44.43 | 40.38 | 39.11 |
Cerner Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Inventory Turnover | Get a 7-Day Free Trial | 8.63 | 10.33 | 11.02 | 9.63 | 8.73 |
Cerner's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Inventory Turnover (A: Dec. 2021 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2021 ) | / ( | (Total Inventories (A: Dec. 2020 ) | + | Total Inventories (A: Dec. 2021 )) | / | count ) |
= | 1001.017 | / ( | (23.027 | + | 28.159) | / | 2 ) |
= | 1001.017 | / | 25.593 | ||||
= | 39.11 |
Cerner's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as
Inventory Turnover (Q: Mar. 2022 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2022 ) | / ( | (Total Inventories (Q: Dec. 2021 ) | + | Total Inventories (Q: Mar. 2022 )) | / | count ) |
= | 243.848 | / ( | (28.159 | + | 27.704) | / | 2 ) |
= | 243.848 | / | 27.9315 | ||||
= | 8.73 |
* 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.
Cerner (NAS:CERN) 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.
Cerner's Days Inventory for the three months ended in Mar. 2022 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2022 ) | / | Cost of Goods Sold (Q: Mar. 2022 ) | * | Days in Period |
= | 27.9315 | / | 243.848 | * | 365 / 4 | |
= | 10.45 |
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.
Cerner's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2022 ) | / | Revenue (Q: Mar. 2022 ) |
= | 27.9315 | / | 1429.801 | |
= | 0.02 |
* 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.
Thank you for viewing the detailed overview of Cerner's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael R. Battaglioli | officer: VP & Chief Accounting Officer | 2800 ROCKCREEK PARKWAY NORTH KANSAS CITY MO 64117 |
Tracy L Platt | officer: Chief Human Resources Officer | 2800 ROCKCREEK PARKWAY NORTH KANSAS CITY MO 64117 |
Nasim Afsarmanesh | officer: EVP & Chief Health Officer | 2800 ROCK CREEK PARKWAY NORTH KANSAS CITY MO 64117 |
David T Feinberg | director, officer: President and CEO | 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401 |
Daniel Devers | officer: EVP & Chief Legal Officer | 2800 ROCKCREEK PARKWAY NORTH KANSAS CITY MO 64117 |
Mark J Erceg | officer: Exec. VP & CFO | 248 E. SKYLINE DRIVE, WASHINGTON UT 84780 |
William D Zollars | director | 10777 BARKLEY, PO BOX 7563, OVERLAND PARK KS 66207-0563 |
Travis Dalton | officer: EVP & Chief Client & Serv. Off | 2800 ROCKCREEK PARKWAY NORTH KANSAS CITY MO 64117 |
John Peterzalek | other: President, Cerner South East | |
Elder Granger | director | 5176 S. LEWISTON WAY, CENTENNIAL CO 80015 |
George Andrew Riedel | director | C/O NORTEL NETWORKS CORPORATION, 8200 DIXIE ROAD, SUITE 100, BRAMPTON A6 L6T 5P6 |
Bisbee Gerald E Jr | director | C/O CERNER CORP 2800 ROCKCREEK PARKWAY KANSAS CITY MO 64117-2551 |
Linda M Dillman | director | 5221 PRESTWICK NORTH CIRCLE FAYETTEVILLE AR 72704 |
David Brent Shafer | director | 2800 ROCKCREEK PARKWAY, NORTH KANSAS CITY MO 64117 |
Donald Trigg | officer: SVP | 2800 ROCKCREEK PARKWAY NORTH KANSAS CITY MO 64117 |
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