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GuruFocus has detected 4 Warning Signs with Carnival Corp \$CCL.
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Carnival Corp (NYSE:CCL)
Change In Inventory
\$-14 Mil (As of Nov. 2016)

Carnival Corp's change in inventory for the quarter that ended in Nov. 2016 was \$-14 Mil. It means Carnival Corp's inventory increased by \$14 Mil from Aug. 2016 to Nov. 2016 .

Carnival Corp's change in inventory for the fiscal year that ended in Nov. 2016 was \$1 Mil. It means Carnival Corp's inventory declined by \$1 Mil from Nov. 2015 to Nov. 2016 .

Carnival Corp's inventory for the quarter that ended in Nov. 2016 was \$322 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Carnival Corp's days inventory for the quarter that ended in Nov. 2016 was 12.51.

Inventory can be measured by Days Sales of Inventory (DSI). Carnival Corp's days sales of inventory (DSI) for the quarter that ended in Nov. 2016 was 7.37.

Inventory turnover measures how fast the company turns over its inventory within a year. Carnival Corp's inventory turnover for the quarter that ended in Nov. 2016 was 7.29.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Carnival Corp's inventory to revenue ratio for the quarter that ended in Nov. 2016 was 0.08.

Definition

Change In Inventory is the difference between last periodÂ’s ending inventory and the current periodÂ’s ending inventory.

Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Carnival Corp's Days Inventory for the quarter that ended in Nov. 2016 is calculated as:

 Days Inventory = Average Inventory / Cost of Goods Sold * Days in Period = 318 / 2319 * 365 / 4 = 12.51

2. Inventory can be measured by Days Sales of Inventory (DSI).

Carnival Corp's Days Sales of Inventory for the quarter that ended in Nov. 2016 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 318 / 3935 * 365 / 4 = 7.37

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Carnival Corp's Inventory Turnover for the quarter that ended in Nov. 2016 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 2319 / 318 = 7.29

4. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Carnival Corp's Inventory to Revenue for the quarter that ended in Nov. 2016 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 318 / 3935 = 0.08

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Carnival Corp Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 ChangeInInventory -57 -8 10 -12 -54 -16 21 1 5 1

Carnival Corp Quarterly Data

 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 ChangeInInventory 24 -14 7 4 24 -30 -4 20 -1 -14
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