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Air Products & Chemicals Inc (NYSE:APD)
Days Inventory
39.51 (As of Mar. 2016)

Air Products & Chemicals Inc's average inventory for the three months ended in Mar. 2016 was $658 Mil. Air Products & Chemicals Inc's cost of goods sold for the three months ended in Mar. 2016 was $1,519 Mil. Hence, Air Products & Chemicals Inc's days inventory for the three months ended in Mar. 2016 was 39.51.

APD' s Days Inventory Range Over the Past 10 Years
Min: 24.27   Max: 41.5
Current: 37.43

24.27
41.5

During the past 13 years, Air Products & Chemicals Inc's highest Days Inventory was 41.50. The lowest was 24.27. And the median was 34.35.

APD's Days Inventory is ranked higher than
79% of the 1015 Companies
in the Global Chemicals industry.

( Industry Median: 67.04 vs. APD: 37.43 )

Air Products & Chemicals Inc's days inventory increased from Mar. 2015 (37.69) to Mar. 2016 (39.51). It might indicate that Air Products & Chemicals Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Air Products & Chemicals Inc's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 26.42.

Inventory turnover measures how fast the company turns over its inventory within a year. Air Products & Chemicals Inc's inventory turnover for the three months ended in Mar. 2016 was 2.31.

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. Air Products & Chemicals Inc's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.29.


Definition

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

Air Products & Chemicals Inc's Days Inventory for the fiscal year that ended in Sep. 2015 is calculated as

Days Inventory (A: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2014 ) + Inventory (A: Sep. 2015 )) / 2 ) / COGS (A: Sep. 2015 )*Days in Period
=( (706 + 657.8) / 2 ) / 6944.1*365
=681.9 / 6944.1*365
=35.84

Air Products & Chemicals Inc's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (665.6 + 649.8) / 2 ) / 1519*365 / 4
=657.7 / 1519*365 / 4
=39.51

* 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).

Air Products & Chemicals Inc's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=657.7/2271.2*365 / 4
=26.42

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

Air Products & Chemicals Inc's Inventory Turnover for the three months ended in Mar. 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.

Air Products & Chemicals Inc's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

* 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.

Air Products & Chemicals Inc Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysInventory 26.3224.2727.1039.1934.0634.6441.5036.4633.7635.84

Air Products & Chemicals Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 34.2232.3332.2332.9735.2837.6936.5636.0237.7839.51
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