Inventory Days definition

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 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."

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.

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.

• 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.

• Medical appointment/family illness leave may not be used on Company scheduled Inventory Days, except where the employee can verify that they have a pre-scheduled appointment with a medical specialist.

• 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.

• With respect to the Products included in the single lot QAP inventory programs, the payment terms to Supplier shall be set to match the Distributor's Inventory Days on Hand (DIOH).

• 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.

• At the election of Buyer, such payment may be made as a credit against the Net Sales Deferred Payments payable by Buyer to Seller pursuant to Section 2.4. If the Trade Inventory Days as of the Closing Date, as set forth in the final Closing Date Trade Inventory Statement, as determined in accordance with this Section 2.5, is less than [*] Buyer shall be responsible for payment of and shall pay to Seller an amount equal to the Closing Date Trade Inventory Value Adjustment.

• The Borrower will achieve, from the first day of each of the following fiscal quarters of the Borrower to the last day of such fiscal quarter, Inventory Days on Hand of not more than number of days set forth opposite such fiscal quarter: The Lender may, no more than once every six months, obtain at the Borrower's expense, whether there is an existing default or not, an appraisal of the Inventory by an appraiser acceptable to the Lender in its sole discretion.

• 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 in alphabetical order as follows:

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.

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.

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.

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: