Switch to:
Acuity Brands Inc (NYSE:AYI)
Days Inventory
53.79 (As of Feb. 2016)

Acuity Brands Inc's average inventory for the three months ended in Feb. 2016 was $260 Mil. Acuity Brands Inc's cost of goods sold for the three months ended in Feb. 2016 was $441 Mil. Hence, Acuity Brands Inc's days inventory for the three months ended in Feb. 2016 was 53.79.

AYI' s Days Inventory Range Over the Past 10 Years
Min: 44.05   Max: 57.91
Current: 53.67

44.05
57.91

During the past 13 years, Acuity Brands Inc's highest Days Inventory was 57.91. The lowest was 44.05. And the median was 53.74.

AYI's Days Inventory is ranked higher than
66% of the 2173 Companies
in the Global Electronic Components industry.

( Industry Median: 72.58 vs. AYI: 53.67 )

Acuity Brands Inc's days inventory declined from Feb. 2015 (57.17) to Feb. 2016 (53.79).

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 Feb. 2016 was 30.49.

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 Feb. 2016 was 1.70.

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 Feb. 2016 was 0.33.


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. 2015 is calculated as

Days Inventory (A: Aug. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Aug. 2014 ) + Inventory (A: Aug. 2015 )) / 2 ) / COGS (A: Aug. 2015 )*Days in Period
=( (212 + 224.8) / 2 ) / 1561.1*365
=218.4 / 1561.1*365
=51.06

Acuity Brands Inc's Days Inventory for the quarter that ended in Feb. 2016 is calculated as:

Days Inventory (Q: Feb. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Nov. 2015 ) + Inventory (Q: Feb. 2016 )) / 2 ) / COGS (Q: Feb. 2016 )*Days in Period
=( (242.3 + 277.5) / 2 ) / 440.9*365 / 4
=259.9 / 440.9*365 / 4
=53.79

* 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 Feb. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=259.9/777.8*365 / 4
=30.49

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 Feb. 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.

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

Acuity Brands Inc Annual Data

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
DaysInventory 54.4944.4644.0551.1554.7853.9357.3457.9153.5551.06

Acuity Brands Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysInventory 55.5960.2255.9950.4351.9457.1758.0550.1051.0853.79
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK