Sothebys (Sothebys) Days Inventory : 38.55 (As of Jun. 2019)

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What is Sothebys Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sothebys's Average Total Inventories for the three months ended in Jun. 2019 was $38 Mil. Sothebys's Cost of Goods Sold for the three months ended in Jun. 2019 was $89 Mil. Hence, Sothebys's Days Inventory for the three months ended in Jun. 2019 was 38.55.

The historical rank and industry rank for Sothebys's Days Inventory or its related term are showing as below:

BID's Days Inventory is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 110.545
* Ranked among companies with meaningful Days Inventory only.

Sothebys's Days Inventory declined from Jun. 2018 (43.11) to Jun. 2019 (38.55).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sothebys's Inventory Turnover for the three months ended in Jun. 2019 was 2.37.

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. Sothebys's Inventory-to-Revenue for the three months ended in Jun. 2019 was 0.10.

Sothebys Days Inventory Historical Data

The historical data trend for Sothebys's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sothebys Days Inventory Chart

Sothebys Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

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457.39

360.47

302.86

121.44

79.94

Sothebys Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Inventory	Get a 7-Day Free Trial															43.11	152.41	51.50	101.59	38.55

Competitive Comparison of Sothebys's Days Inventory

For the Specialty Retail subindustry, Sothebys's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sothebys's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sothebys's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sothebys's Days Inventory falls into.

Sothebys Days Inventory Calculation

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

Sothebys's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (74.483	+	43.635)	/	2 )	/	269.65	*	365
=	59.059					/	269.65	*	365
=	79.94

Sothebys's Days Inventory for the quarter that ended in Jun. 2019 is calculated as:

	Days Inventory (Q: Jun. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (43.137	+	32.204)	/	2 )	/	89.169	*	365 / 4
=	37.6705					/	89.169	*	365 / 4
=	38.55

Sothebys (NYSE:BID) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Sothebys's Inventory Turnover for the three months ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	89.169	/	37.6705
	=	2.37

2. 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.

Sothebys's Inventory to Revenue for the three months ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	37.6705	/	361.778
	=	0.10

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.

Sothebys Days Inventory Related Terms

Thank you for viewing the detailed overview of Sothebys's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Sothebys (Sothebys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sothebys (NYSE:BID) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1334 York Avenue, New York, NY, USA, 10021

Website

https://www.sothebys.com

Sothebys is a global art business based in the United States. Its operations are organized under two segments: agency and finance. The agency business provides an auction space or private sale arrangements for sellers and buyers of fine art, decorative art, wine, jewelry and collectibles. The finance segment provides financing activities for collectors and art dealers. Sotheby's auction commissions include those paid by both buyer and seller, both of which are calculated as a percentage of the price of the property sold at auction. Sotheby's private sale commissions are part of a legally binding agreement between Sotheby's and the seller.

Executives

Jessica M Bibliowicz	director	NATIONAL FINANCIAL PARTNERS CORP., 340 MADISON AVENUE, 20TH FL, NEW YORK NY 10173
Dennis M Weibling	director	2300 CARILLON POINT, KIRKLAND WA 98033
Jill Bright	officer: EVP of HR and Administration	1334 YORK AVENUE, NEW YORK NY 10021
Michael F Goss	officer: EVP, Chief Financial Officer	BAIN CAPITAL PARTNERS LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Michael J Wolf	director	401 CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Smith, Jr. Thomas S.	director, officer: President and CEO	2 PENN PLAZA, NEW YORK NY 10121
Kevin C. Conroy	director	C/O NEWELL RUBBERMAID INC., 3 GLENLAKE PKWY., ATLANTA GA 30328
Sole Domenico De	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Diana L Taylor	director	ALLINAZ GLOBAL INVESTORS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10106
Daniel S Loeb	director, 10 percent owner, other: See Remarks	THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022
Third Point Llc	10 percent owner	55 HUDSON YARDS, NEW YORK NY 10001
Harry James Wilson	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Patrick Drahi	10 percent owner	WIESTISTRASSE 14, ZERMATT V8 3920
Kevin M Delaney	officer: SVP, Corp. Controller & CAO	IMAX CORPORATION, 902 BROADWAY, 20TH FLOOR, NEW YORK NY 10010-6002
Lisa Nadler	officer: EVP, WW Chief HR Officer	1334 YORK AVE, NEW YORK NY 10021