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Ascena Retail Group Inc (NAS:ASNA)
Days Inventory
85.39 (As of Jul. 2014)

Ascena Retail Group Inc's average inventory for the three months ended in Jul. 2014 was $559 Mil. Ascena Retail Group Inc's cost of goods sold for the three months ended in Jul. 2014 was $596 Mil. Hence, Ascena Retail Group Inc's days inventory for the three months ended in Jul. 2014 was 85.39.

Ascena Retail Group Inc's days inventory increased from Jul. 2013 (82.24) to Jul. 2014 (85.39). It might indicate that Ascena Retail Group Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Ascena Retail Group Inc's days sales of inventory (DSI) for the three months ended in Jul. 2014 was 43.02.

Inventory turnover measures how fast the company turns over its inventory within a year. Ascena Retail Group Inc's inventory turnover for the three months ended in Jul. 2014 was 1.07.

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. Ascena Retail Group Inc's inventory to revenue ratio for the three months ended in Jul. 2014 was 0.47.


Definition

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

Ascena Retail Group Inc's Days Inventory for the fiscal year that ended in Jul. 2014 is calculated as

Days Inventory
=( (Inventory (A: Jul. 2013 )+Inventory (A: Jul. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (540.9+553.2)/ 2 )/2130.6*365
=547.05/2130.6*365
=93.72

Ascena Retail Group Inc's Days Inventory for the quarter that ended in Jul. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: Apr. 2014 )+Inventory (Q: Jul. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (564.7+553.2)/ 2 )/595.7*91
=558.95/595.7*91
=85.39

* 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).

Ascena Retail Group Inc's Days Sales of Inventory for the three months ended in Jul. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=558.95/1182.4*91
=43.02

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

Ascena Retail Group Inc's Inventory Turnover for the three months ended in Jul. 2014 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.

Ascena Retail Group Inc's Inventory to Revenue for the three months ended in Jul. 2014 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.

Ascena Retail Group Inc Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
DaysInventory 83.5479.7779.6679.1375.7167.2799.24111.2291.7293.72

Ascena Retail Group Inc Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
DaysInventory 93.1291.63107.6187.1997.3882.24109.8192.43107.0385.39
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