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Best Buy Co Inc (NYSE:BBY)
Days Inventory
70.78 (As of Apr. 2016)

Best Buy Co Inc's average inventory for the three months ended in Apr. 2016 was $4,885 Mil. Best Buy Co Inc's cost of goods sold for the three months ended in Apr. 2016 was $6,298 Mil. Hence, Best Buy Co Inc's days inventory for the three months ended in Apr. 2016 was 70.78.

BBY' s Days Inventory Range Over the Past 10 Years
Min: 48.85   Max: 64.94
Current: 63.74

48.85
64.94

During the past 13 years, Best Buy Co Inc's highest Days Inventory was 64.94. The lowest was 48.85. And the median was 54.08.

BBY's Days Inventory is ranked higher than
63% of the 887 Companies
in the Global Specialty Retail industry.

( Industry Median: 87.33 vs. BBY: 63.74 )

Best Buy Co Inc's days inventory increased from Apr. 2015 (70.62) to Apr. 2016 (70.78). It might indicate that Best Buy Co Inc's sales slowed down.

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. 2016 was 52.80.

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. 2016 was 1.29.

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. 2016 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. 2016 is calculated as

Days Inventory (A: Jan. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jan. 2015 ) + Inventory (A: Jan. 2016 )) / 2 ) / COGS (A: Jan. 2016 )*Days in Period
=( (5174 + 5051) / 2 ) / 30337*365
=5112.5 / 30337*365
=61.51

Best Buy Co Inc's Days Inventory for the quarter that ended in Apr. 2016 is calculated as:

Days Inventory (Q: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jan. 2016 ) + Inventory (Q: Apr. 2016 )) / 2 ) / COGS (Q: Apr. 2016 )*Days in Period
=( (5051 + 4719) / 2 ) / 6298*365 / 4
=4885 / 6298*365 / 4
=70.78

* 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. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=4885/8443*365 / 4
=52.80

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. 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.

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

Best Buy Co Inc Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Jan14Jan15Jan16
DaysInventory 48.8549.4952.3150.7650.2355.8461.5664.9461.5361.51

Best Buy Co Inc Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
DaysInventory 72.7076.3081.8849.2670.6270.4279.2250.0370.7867.88
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