This quarter longer than normal??

  • Avatar

    Posted: 21 September 2011 09:35 AM

    Is it possible we have an extra few days for this quarter which could add some additional sales $$?

    Apple’s last quarter earnings ended as of June 25, 2011.

    It looks like this quarter could end on Saturday, Oct 1, 2011.

    I looked back for another month with the 1st falling on a Saturday and the Friday before not being a holiday (Dec 31st) with the market possibly closed.

    I had to go back to June 2006. The 30th was a Friday and the next day was July 1st. Earnings were reported for that quarter ending July 1, 2006. The prior quarter ended Mar 31, 2006.

    If they take the same approach, the quarter would end on Saturday, Oct 1st. Since the prior quarter ended on Saturday, June 25, 2011—this would make the current quarter longer by a few days. EPS should be even better. 4 extra days out of 90 = 4.4% more days of earnings.

    Now, I suppose they could still cut off the quarter as of this Saturday, the 24th and make next quarter a little longer.

    Anyone have any knowledge of which date is the end of quarter for sure or how they pick it?

         
  • Avatar

    Posted: 21 September 2011 10:04 AM #1

    I sent off a request to Investor Relations—will post when I get a respons.

    If they close the books on Oct 1st, it is 98 days for the quarter which seems
    too long. If they close them on this Saturday, the 24th, it is 91 days—makes
    sense based on number of days to choose this Saturday, but it would be earlier
    in the month than normal.

         
  • Avatar

    Posted: 21 September 2011 10:35 AM #2

    What is Apple’s fiscal year?
    Apple’s fiscal year 2011 runs from September 26, 2010 through September 24, 2011.


    From Apple FAQ

         
  • Avatar

    Posted: 21 September 2011 10:38 AM #3

    pats - 21 September 2011 01:35 PM

    What is Apple’s fiscal year?
    Apple’s fiscal year 2011 runs from September 26, 2010 through September 24, 2011.


    From Apple FAQ

    Got it.  Thanks for the confirmation.

         
  • Posted: 21 September 2011 12:41 PM #4

    adamthompson3232 - 21 September 2011 12:55 PM

    No, I’m pretty sure not. I believe the December quarter gets an extra week this year. Either DT or Deagol may have already confirmed this with Apple PR.

    It’s my understanding FQ1 will have an additional shipping week (the week after Christmas) this coming fiscal year. It will only add to what I’m calling the “monster quarter.” Apple will provide YOY metrics based on an equal number of shipping weeks.

         
  • Posted: 21 September 2011 06:38 PM #5

    DawnTreader - 21 September 2011 03:41 PM
    adamthompson3232 - 21 September 2011 12:55 PM

    No, I’m pretty sure not. I believe the December quarter gets an extra week this year. Either DT or Deagol may have already confirmed this with Apple PR.

    It’s my understanding FQ1 will have an additional shipping week (the week after Christmas) this coming fiscal year. It will only add to what I’m calling the “monster quarter.” Apple will provide YOY metrics based on an equal number of shipping weeks.

    Starting FQ1/12 on Oct 2 makes it 91 days long, followed by FQ2/12 which then be 91 days long.

    I see no justification to close this quarter on the 24th.

    Signature

    You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.

         
  • Avatar

    Posted: 21 September 2011 07:03 PM #6

    Gregg Thurman - 21 September 2011 09:38 PM
    DawnTreader - 21 September 2011 03:41 PM
    adamthompson3232 - 21 September 2011 12:55 PM

    No, I’m pretty sure not. I believe the December quarter gets an extra week this year. Either DT or Deagol may have already confirmed this with Apple PR.

    It’s my understanding FQ1 will have an additional shipping week (the week after Christmas) this coming fiscal year. It will only add to what I’m calling the “monster quarter.” Apple will provide YOY metrics based on an equal number of shipping weeks.

    Starting FQ1/12 on Oct 2 makes it 91 days long, followed by FQ2/12 which then be 91 days long.

    I see no justification to close this quarter on the 24th.

    Either this quarter would have been 98 days or next quarter would have been 98 days—not sure there is justification for either.  Maybe when they chose the date they were more interested in having 1Q 2012 get the benefit.

         
  • Avatar

    Posted: 21 September 2011 08:57 PM #7

    There is a reason.  Like AT said - 52 fiscal weeks, 364 days.  Eventually, the company has to catch up.  There’s orderly rules for “make up” fiscal weeks, IIRC.

    Suits Apple fine, I think.

    Signature

    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Teamâ„¢
    Thanks, Steve.

         
  • Posted: 22 September 2011 12:00 AM #8

    AAPLTrader99 - 21 September 2011 10:03 PM

    Either this quarter would have been 98 days or next quarter would have been 98 days—not sure there is justification for either.  Maybe when they chose the date they were more interested in having 1Q 2012 get the benefit.

    There’s plenty of justification. The number of days in a year isn’t fully divisible by 7. About every six years an additional week is added to FQ1 to move the fiscal quarters closer to calendar quarters. The decision is not based on management choosing what’s most advantageous, but on calendar considerations.