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Days Inventory
68.17 (As of Apr. 2014)

Best Buy Co Inc's inventory for the three months ended in Apr. 2014 was \$5,255 Mil. Best Buy Co Inc's cost of goods sold for the three months ended in Apr. 2014 was \$7,015 Mil. Hence, Best Buy Co Inc's days inventory for the three months ended in Apr. 2014 was 68.17.

Best Buy Co Inc's days inventory declined from Apr. 2013 (69.13) to Apr. 2014 (68.17).

Inventory can be measured by Days Sales of Inventory (DSI). Best Buy Co Inc's days sales of inventory (DSI) for the three months ended in Apr. 2014 was 52.93.

Inventory turnover measures how fast the company turns over its inventory within a year. Best Buy Co Inc's inventory turnover for the three months ended in Apr. 2014 was 1.33.

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. Best Buy Co Inc's inventory to revenue ratio for the three months ended in Apr. 2014 was 0.58.

Definition

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

Best Buy Co Inc's Days Inventory for the fiscal year that ended in Jan. 2014 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 5376 / 32720 * 365 = 59.97

Best Buy Co Inc's Days Inventory for the quarter that ended in Apr. 2014 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 5255 / 7015 * 91 = 68.17

* 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).

Best Buy Co Inc's Days Sales of Inventory for the three months ended in Apr. 2014 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 5255 / 9035 * 91 = 52.93

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

Best Buy Co Inc's Inventory Turnover for the three months ended in Apr. 2014 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 7015 / 5255 = 1.33

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.

Best Buy Co Inc's Inventory to Revenue for the three months ended in Apr. 2014 is calculated as

 Inventory to Revenue = Inventory / Revenue = 5255 / 9035 = 0.58

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Best Buy Co Inc Annual Data

 Feb04 Feb05 Feb06 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Jan14 DaysInventory 50.95 49.70 52.69 54.12 56.38 51.00 53.35 57.85 54.86 59.97

Best Buy Co Inc Quarterly Data

 Nov11 Feb12 Apr12 Jul12 Oct12 Apr13 Jul13 Oct13 Jan14 Apr14 DaysInventory 91.52 42.34 63.42 71.80 103.76 69.13 72.43 88.29 42.59 68.17
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