Inventory Days definition

Inventory Days means Quarter-end inventory balance (in kt) divided by trailing quarter shipments (in kt) multiplied by 90. Inventory days will be assessed each quarter-end, and measured based on the variance between quarterly average of plan versus actuals.
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Inventory Days as of any date means the product of 360 times the ratio of (i) Inventory at the lower of cost or market value as of such date to (ii) the cost of goods sold during the period of twelve (12) Accounting Periods ending on such date.
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Inventory Days in alphabetical order as follows:
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Examples of Inventory Days in a sentence

  • Wholesaler Inventory Days on Hand, to include description of sale above 90 days stock level Monthly 15th following month 7.

  • Not to permit Quarterly Inventory Days for any of its fiscal quarters to be greater than 185 days for quarters ending June 30 and September 30, 165 days for the quarter ending December 31, and 150 days for the quarter ending March 31.

  • Pursuant to Section 6.16 of the Credit Agreement, as of the end of the Reporting Date, the turnover rate for Inventory was Inventory Days which [ ] satisfies [ ] does not satisfy the requirement that such amount be not more than 175 Inventory Days.

  • The payout on this measure may increase or decrease by up to 30% based on performance against Inventory Days targets.

  • AR and Inventory Days is defined as the sum of accounts receivables days outstanding plus inventory days outstanding.

  • For certain participants identified by the Compensation Committee in its discretion, an Inventory Days modifier will be applied to the Adjusted Operating Cash Flow measure.

  • During the Extension Period, ---------------------------- Borrower shall maintain, as of the last day of each calendar month, Inventory Days Sales Outstanding of not more than nine (9.0) days.

  • Inventory Days Sales Outstanding means (a) 365 days divided by (b) the quotient of Borrower's cost of goods sold for such month, annualized, divided by the value of Borrower's Inventory on such measurement date, as specified on Borrower's financial statements.

  • For certain participants identified by the Compensation Committee in its discretion, an Inventory Days modifier will be applied to the Free Cash Flow measure.

  • As of the end of each fiscal quarter, the Borrower shall maintain an Inventory level of not more than 175 Inventory Days on hand.


More Definitions of Inventory Days

Inventory Days means the product of the aggregate value of the average value of Inventory (net of goods in transit) as set forth on Borrower's balance sheet for each of the twelve (12) months immediately preceding and including the last day of each quarterly accounting period, DIVIDED BY the cost of sales (excluding occupancy expense) for the twelve (12) months immediately preceding and including the last day of such quarterly accounting period MULTIPLIED BY 365 days."
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Inventory Days as of any date means ratio of (i) Inventory as of such date to (ii) the average daily cost of goods sold during the three month period ending on such date.
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Inventory Days as of any date means the product of (A) the number of days that have elapsed in the fiscal year as of such date times (B) the ratio of (i) Inventory at the lower of cost or market value as of such date to (ii) the fiscal year-to-date cost of goods sold, determined on a consolidated basis for all Borrowers.
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Inventory Days means, for any period, consolidated inventories of the Borrower and its Consolidated Subsidiaries on the last day of such period divided by the consolidated average daily cost of sales of the Borrower and its Consolidated Subsidiaries for such period; and "Accounts Payable Days" means, for any period, consolidated accounts payable of the Borrower and its Consolidated Subsidiaries on the last day of such period divided by the consolidated average daily cost of sales of the Borrower and its Consolidated Subsidiaries for such period.
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Inventory Days means, (A) with respect to Borrower for each Fiscal Month ending on or prior to December 31, 2002, the number of days for such Fiscal Month determined as of the last day of such Fiscal Month by reference to the following formula:
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Inventory Days means, for any fiscal year, the average number of days a company holds its inventory before selling it and is calculated as the value of the inventory at period end multiplied by 365 divided by cost of sales for such period.
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Related to Inventory Days

  • Inventory Formula Amount means the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as provisions in storerooms, refrigerators, pantries and kitchens, beverages in wine cellars and bars, other merchandise intended for sale, fuel, mechanical supplies, stationery, and other supplies and similar items.

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrower’s business.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

  • Inventory control system means a system described in Section 4-41a-103.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Inventory Tracking System means the required tracking

  • Eligible Accounts Receivable means, on any date, all Receivables denominated in Dollars payable by Eligible Account Obligors, except: (i) billed Receivables that have not been paid by the date 30 days after the respective due dates therefor; (ii) any Receivable subject to any asserted defense, dispute, claim, offset or counterclaim, provided that, if any such defense, dispute, claim, offset or counterclaim is asserted with respect to such Receivable in an amount equal to a sum certain, then such Receivable shall be an Eligible Account Receivable to the extent the face amount thereof exceeds such sum certain; (iii) all such Receivables subject to any repurchase or return arrangement; (iv) Receivables of each Eligible Account Obligor to the extent that the Receivables of such Eligible Account Obligor exceed 10% of all Receivables; (v) all Receivables that are payable by their terms more than 30 days from the respective invoice dates therefor; (vi) any Receivable in which the Lenders do not have a valid and perfected first priority security interest, except that such security interest may be subject to statutory Liens in respect of First Purchase Crude Payables that are not delinquent; (vii) any Receivable of a Subsidiary with respect to which any event described in Subsection 9.01(f) or (g) shall have occurred and be continuing; (viii) Receivables with respect to which the account debtor is not a Person resident in the United States; (ix) Receivables with respect to which goods have been placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional; (x) Receivables with respect to which an invoice has not been sent prior to the date of any Borrowing Base Report in which such Receivable is included for purposes of calculation of the Borrowing Base; (xi) Receivables which represent obligations of local, state or federal Governmental Authorities, unless such Governmental Authority is a Governmental Authority of the United States of America and such Governmental Authority has properly acknowledged the receipt of the assignment of Eligible Accounts Receivables in compliance with the Federal Assignment of Claims Act with respect thereto; (xii) Receivables which arise out of any contract or order which, by its terms, forbids or makes void or unenforceable any assignment by the Company to the Administrative Agent, for the benefit of Lenders, of the Receivable arising with respect thereto; (xiii) Receivables evidenced by any instrument, unless such instrument has been delivered to the Administrative Agent for the benefit of the Lenders, and (xiv) Receivables that are otherwise identified as unsatisfactory to the Administrative Agent or the Majority Lenders using reasonable business judgment.

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on: