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Acuity Brands Inc (NYSE:AYI)
Days Inventory
58.05 (As of May. 2015)

Acuity Brands Inc's average inventory for the three months ended in May. 2015 was $247 Mil. Acuity Brands Inc's cost of goods sold for the three months ended in May. 2015 was $388 Mil. Hence, Acuity Brands Inc's days inventory for the three months ended in May. 2015 was 58.05.

Acuity Brands Inc's days inventory increased from May. 2014 (55.99) to May. 2015 (58.05). It might indicate that Acuity Brands Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Acuity Brands Inc's days sales of inventory (DSI) for the three months ended in May. 2015 was 32.95.

Inventory turnover measures how fast the company turns over its inventory within a year. Acuity Brands Inc's inventory turnover for the three months ended in May. 2015 was 1.57.

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. Acuity Brands Inc's inventory to revenue ratio for the three months ended in May. 2015 was 0.36.


Definition

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

Acuity Brands Inc's Days Inventory for the fiscal year that ended in Aug. 2014 is calculated as

Days Inventory (A: Aug. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Aug. 2013 ) + Inventory (A: Aug. 2014 )) / 2 ) / COGS (A: Aug. 2014 )*Days in Period
=( (203 + 212) / 2 ) / 1414.3*365
=207.5 / 1414.3*365
=53.55

Acuity Brands Inc's Days Inventory for the quarter that ended in May. 2015 is calculated as:

Days Inventory (Q: May. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Feb. 2015 ) + Inventory (Q: May. 2015 )) / 2 ) / COGS (Q: May. 2015 )*Days in Period
=( (237.4 + 256.4) / 2 ) / 388.1*365 / 4
=246.9 / 388.1*365 / 4
=58.05

* 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).

Acuity Brands Inc's Days Sales of Inventory for the three months ended in May. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=246.9/683.7*365 / 4
=32.95

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

Acuity Brands Inc's Inventory Turnover for the three months ended in May. 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.

Acuity Brands Inc's Inventory to Revenue for the three months ended in May. 2015 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.

Acuity Brands Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysInventory 60.3454.4944.4644.0551.1554.7853.9357.3457.9153.55

Acuity Brands Inc Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysInventory 59.5156.2353.8455.5960.2255.9950.4351.9457.1758.05
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