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Zale Corp (NYSE:ZLC)
Change In Inventory
$30 Mil (As of Jan. 2014)

Zale Corp's change in inventory for the quarter that ended in Jan. 2014 was $30 Mil. It means Zale Corp's inventory increased by $30 Mil from Oct. 2013 to Jan. 2014 .

Zale Corp's change in inventory for the fiscal year that ended in Jul. 2013 was $-30 Mil. It means Zale Corp's inventory declined by $30 Mil from Jul. 2012 to Jul. 2013 .

Zale Corp's inventory for the quarter that ended in Jan. 2014 was $864 Mil. Zale Corp's average inventory for the quarter that ended in Jan. 2014 was $884 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Zale Corp's days inventory for the quarter that ended in Jan. 2014 was 260.41.

Inventory can be measured by Days Sales of Inventory (DSI). Zale Corp's days sales of inventory (DSI) for the quarter that ended in Jan. 2014 was 122.51.

Inventory turnover measures how fast the company turns over its inventory within a year. Zale Corp's inventory turnover for the quarter that ended in Jan. 2014 was 0.35.

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. Zale Corp's inventory to revenue ratio for the quarter that ended in Jan. 2014 was 1.35.


Definition

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


Explanation

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

Zale Corp's Days Inventory for the quarter that ended in Jan. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: Oct. 2013 )+Inventory (Q: Jan. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (903.282+864.275)/ 2 )/308.83*91
=883.7785/308.83*91
=260.41

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

Zale Corp's Days Sales of Inventory for the quarter that ended in Jan. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=883.7785/656.449*91
=122.51

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

Zale Corp's Inventory Turnover for the quarter that ended in Jan. 2014 is calculated as

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.

Zale Corp's Inventory to Revenue for the quarter that ended in Jan. 2014 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=883.7785 / 656.449
=1.35

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Inventory, Days Inventory, Cost of Goods Sold, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Zale Corp Annual Data

Jul04Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13
ChangeInInventory -24-21-44-112715342-8-28-30

Zale Corp Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ChangeInInventory -142413934-16772758-13830
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