Earnings Estimates

International - This style refers to those money managers investing the majority of their equity assets in stocks of companies domiciled outside of North America. In most cases, the North American portion of the portfolio is either too small or does not exist, precluding Thomson Reuters from determining an accurate investment style based on the fundamentals of these companies. For "Global" investors which have more significant North American holdings, a specific style may be given which will apply primarily to the North American portion of the portfolio.

Internet Media represents the internet media industry for Operating Metrics information collected by Reuters. This includes all the operatingindicators for the internet media industry, reported by the company.

Inventories represents changes in inventories during the period. An increase in inventories has a negative impact on cash flow from operating activities, and vice versa.

Inventories – Finished Goods represents inventories of unsold finished goods on hand. These goods may have been produced internally or purchased for resale.

Inventories – Other represents inventories not classified as:
Inventories – Finished Goods
Inventories – Work-in-Progress
Inventories – Raw Materials (for manufacturing companies).

Inventories – Raw Materials represents raw materials acquired, but not yet used. It may also include raw materials in transit. However, Inventories – Raw Materials is limited to materials that will be used for manufacturing of finished goods that will eventually be sold to customers.

Inventories – Work-in-Progress represents inventories of goods in the manufacturing process.

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent fiscal year divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and end of the year.

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent interim period divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and the end of the interim period.

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the trailing twelve months divided by Average Inventory. Average Inventory is calculated by adding the Inventory for the 5 most recent quarters and dividing by 5.