Inventory Turnover Ratio means the ratio of (i) Borrower's cost of goods sold, to (ii) (A) the sum of (1) the dollar amount of Borrower's Inventory as of the first day of such twelve-month period, plus (2) the dollar amount of Borrower's Inventory as of the last day of such twelve-month period, divided by (B) two.
Inventory Turnover Ratio means that ratio determined by ------------------------ dividing Borrower's costs of goods sold by its inventory.
Inventory Turnover Ratio means the applicable inventory turnover ratio measured by Flextronics in accordance with inventory accounting methods generally practiced by Flextronics.
Examples of Inventory Turnover Ratio in a sentence
Maintain as of December 31st of each year ------------------------ throughout the term hereof, an Inventory Turnover Ratio of, at least, 1.25 to 1.00.
Not permit the Inventory Turnover Ratio for any Measurement Period to be less than 4.50 to 1.00.
Should the Inventory Turnover Ratio be, at any point in time, below this level, Borrower shall have six months to cure this breach.
For each and every Fiscal Quarter, beginning with the Fiscal Quarter ending October 31, 2008, Credit Parties, on a consolidated basis shall have, at the end of each Fiscal Quarter, an Inventory Turnover Ratio for the 12-month period then ended of not less than 1.00 to 1.00.
Permit the Inventory Turnover Ratio to be less than 3.00 to 1.00 at any time.
More Definitions of Inventory Turnover Ratio
Inventory Turnover Ratio means, as of any date of determination, (i) the cost of goods sold, calculated on a FIFO basis, of Borrowers on a combined basis for the 12-month period then ended on such date of determination divided by (ii) the average of the FIFO book value of the Inventory of Borrowers on a combined basis on the last day of each of the four Fiscal Quarters ending with the Fiscal Quarter ending on such date of determination.
Inventory Turnover Ratio means, as determined in accordance with GAAP as of any date for any period ending on such date, the ratio of (a) the cost of goods sold during such period, to (b) the value of the average total Inventory for such period, valued at book value (as reflected on Borrower's most recent consolidated balance sheet submitted to Agent pursuant to the terms hereof and including adequate reserves for obsolete, slow moving or excess quantities), on a first-in, first-out basis.
Inventory Turnover Ratio. A quotient equal to (i) Borrower's cost of goods sold, calculated on a FIFO basis, for the twelve (12) month period for which such calculation is made, divided by (ii) the average of the FIFO book value of Borrower's Inventory (a) for the four (4) quarterly fiscal periods ending with the last day of the period for which such calculation is made, for all calculations through October 31, 2001 and (b) for the twelve (12) monthly periods ending with the last day of the period for which such calculation is made, for all calculations as of January 31, 2002 and thereafter. Investment Property - All of the "investment property" (as defined in the UCC) of Borrower. IRS - The Internal Revenue Service of the United States.
Inventory Turnover Ratio. Borrower shall have an Inventory Turnover Ratio, measured as of the last day of each fiscal quarter, of at least 3.25 to 1.00 commencing with the fiscal quarter ending April 30, 2001 and each fiscal quarter thereafter through and including the fiscal quarter ending October 31, 2002, and 3.00 to 1.00 thereafter.
Inventory Turnover Ratio means, at the end of any fiscal year, the -------------------------- ratio of (i) the cost of goods sold as set forth on the income statement of the Borrower and its Subsidiaries for the fiscal year ending on such date, to (ii) the value of all inventory (determined on a first in first out basis) of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP as at such date.
Inventory Turnover Ratio means the applicable inventory turnover ratio measured by Flextronics in accordance with inventory accounting methods generally practiced by Flextronics. "[***]-ITO Balance" - Shall mean the balance between: (A) all current raw-materials (RM), work-in-process (WIP) and BA in Flextronics's possession for which the Inventory Turnover Ratio is lower than [***]; and (B) the amount of all such inventories if the Inventory Turnover Ratio was equal to [***].
Inventory Turnover Ratio for any period of determination, the ratio of (a) the cost of inventory sold by the Company and its Subsidiaries in the ordinary course of business during such period to (b) the average cost of the inventory held by the Company and its Subsidiaries as at the end of each calendar month during such period.