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Alkermes PLC (NAS:ALKS)
Days Inventory
127.10 (As of Jun. 2016)

Alkermes PLC's average inventory for the three months ended in Jun. 2016 was $47.4 Mil. Alkermes PLC's cost of goods sold for the three months ended in Jun. 2016 was $34.0 Mil. Hence, Alkermes PLC's days inventory for the three months ended in Jun. 2016 was 127.10.

ALKS' s Days Inventory Range Over the Past 10 Years
Min: 86.09   Max: 166.33
Current: 116.92

86.09
166.33

During the past 13 years, Alkermes PLC's highest Days Inventory was 166.33. The lowest was 86.09. And the median was 110.47.

ALKS's Days Inventory is ranked higher than
55% of the 445 Companies
in the Global Biotechnology industry.

( Industry Median: 131.23 vs. ALKS: 116.92 )

Alkermes PLC's days inventory declined from Jun. 2015 (131.90) to Jun. 2016 (127.10).

Inventory can be measured by Days Sales of Inventory (DSI). Alkermes PLC's days sales of inventory (DSI) for the three months ended in Jun. 2016 was 22.14.

Inventory turnover measures how fast the company turns over its inventory within a year. Alkermes PLC's inventory turnover for the three months ended in Jun. 2016 was 0.72.

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. Alkermes PLC's inventory to revenue ratio for the three months ended in Jun. 2016 was 0.24.


Definition

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

Alkermes PLC's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (51.357 + 38.411) / 2 ) / 138.989*365
=44.884 / 138.989*365
=117.87

Alkermes PLC's Days Inventory for the quarter that ended in Jun. 2016 is calculated as:

Days Inventory (Q: Jun. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Mar. 2016 ) + Inventory (Q: Jun. 2016 )) / 2 ) / COGS (Q: Jun. 2016 )*Days in Period
=( (44.817 + 49.896) / 2 ) / 33.998*365 / 4
=47.3565 / 33.998*365 / 4
=127.10

* 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).

Alkermes PLC's Days Sales of Inventory for the three months ended in Jun. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=47.3565/195.165*365 / 4
=22.14

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

Alkermes PLC's Inventory Turnover for the three months ended in Jun. 2016 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.

Alkermes PLC's Inventory to Revenue for the three months ended in Jun. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=47.3565 / 195.165
=0.24

* 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.

Alkermes PLC Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Dec14Dec15
DaysInventory 86.30103.06166.33164.77151.17143.6686.0989.1298.44117.87

Alkermes PLC Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysInventory 119.38118.54103.65100.20114.70131.90102.0198.61137.03127.10
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