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Adtran Inc (NAS:ADTN)
Days Inventory
104.76 (As of Sep. 2015)

Adtran Inc's average inventory for the three months ended in Sep. 2015 was $100.4 Mil. Adtran Inc's cost of goods sold for the three months ended in Sep. 2015 was $87.4 Mil. Hence, Adtran Inc's days inventory for the three months ended in Sep. 2015 was 104.76.

ADTN' s Days Inventory Range Over the Past 10 Years
Min: 80.5   Max: 114.3
Current: 104.59

80.5
114.3

During the past 13 years, Adtran Inc's highest Days Inventory was 114.30. The lowest was 80.50. And the median was 96.56.

ADTN's Days Inventory is ranked lower than
70% of the 490 Companies
in the Global Communication Equipment industry.

( Industry Median: 70.57 vs. ADTN: 104.59 )

Adtran Inc's days inventory increased from Sep. 2014 (94.94) to Sep. 2015 (104.76). It might indicate that Adtran Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Adtran Inc's days sales of inventory (DSI) for the three months ended in Sep. 2015 was 57.94.

Inventory turnover measures how fast the company turns over its inventory within a year. Adtran Inc's inventory turnover for the three months ended in Sep. 2015 was 0.87.

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. Adtran Inc's inventory to revenue ratio for the three months ended in Sep. 2015 was 0.63.


Definition

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

Adtran Inc's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 )*Days in Period
=( (90.111 + 86.71) / 2 ) / 318.68*365
=88.4105 / 318.68*365
=101.26

Adtran Inc's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

Days Inventory (Q: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2015 ) + Inventory (Q: Sep. 2015 )) / 2 ) / COGS (Q: Sep. 2015 )*Days in Period
=( (100.048 + 100.705) / 2 ) / 87.429*365 / 4
=100.3765 / 87.429*365 / 4
=104.76

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


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

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

Adtran Inc's Days Sales of Inventory for the three months ended in Sep. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=100.3765/158.078*365 / 4
=57.94

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

Adtran Inc's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

3. 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.

Adtran Inc's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=100.3765 / 158.078
=0.63

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


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, 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.

Adtran Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 97.3895.7486.7986.1388.6997.65113.58104.99101.26100.49

Adtran Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysInventory 86.94101.58117.0190.2194.94104.90106.1895.91104.76117.64
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