Are We in for a Bigger Surprise then Anyone has AnticipatedInventory turnover for Q1, based on ending inventory at Dec 31 2013 of $19.444M , was 2.87x, for Q1 sales of $55,75M
Based on the ramp up in inventory during that Q, which was valued at $32.523 at March 31 2014, with raw material and WIP going up by 101.45%, versus an increase in finished goods inventory of only 21.01%, and the previous quarter inventory turnover rate, sales for the latest Q being reported this week would extrapolate to $93.439M.
I can already hear the moaning and groaning, and they may have gotten a great deal from some components supplier, which could explain part of the increase in raw materials and WIP, but even if their inventory turn rate came down 20% to 2.3x, that would still work out to sales of $74.803M for Q2.
Have a look at p.7 of the Q1 if you want to take a look at the inventory information for yourselves:
https://ir.avigilon.com/files/Q1%202014%20-%20AVO%20-%20Report%20-%20FINAL_v001_m0269w.pdf