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GuruFocus has detected 4 Warning Signs with Big Lots Inc $BIG.
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Big Lots Inc (NYSE:BIG)
Days Inventory
93.38 (As of Jan. 2017)

Big Lots Inc's average inventory for the three months ended in Jan. 2017 was $948 Mil. Big Lots Inc's cost of goods sold for the three months ended in Jan. 2017 was $926 Mil. Hence, Big Lots Inc's days inventory for the three months ended in Jan. 2017 was 93.38.

BIG' s Days Inventory Range Over the Past 10 Years
Min: 92.5   Max: 103.36
Current: 102.65

92.5
103.36

During the past 13 years, Big Lots Inc's highest Days Inventory was 103.36. The lowest was 92.50. And the median was 97.40.

BIG's Days Inventory is ranked lower than
90% of the 350 Companies
in the Global Discount Stores industry.

( Industry Median: 39.37 vs. BIG: 102.65 )

Big Lots Inc's days inventory increased from Jan. 2016 (92.41) to Jan. 2017 (93.38). It might indicate that Big Lots Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Big Lots Inc's days sales of inventory (DSI) for the three months ended in Jan. 2017 was 54.75.

Inventory turnover measures how fast the company turns over its inventory within a year. Big Lots Inc's inventory turnover for the three months ended in Jan. 2017 was 0.98.

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. Big Lots Inc's inventory to revenue ratio for the three months ended in Jan. 2017 was 0.60.


Definition

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

Big Lots Inc's Days Inventory for the fiscal year that ended in Jan. 2017 is calculated as

Days Inventory (A: Jan. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jan. 2016 ) + Inventory (A: Jan. 2017 )) / 2 ) / COGS (A: Jan. 2017 )*Days in Period
=( (849.982 + 858.689) / 2 ) / 3101.02*365
=854.3355 / 3101.02*365
=100.56

Big Lots Inc's Days Inventory for the quarter that ended in Jan. 2017 is calculated as:

Days Inventory (Q: Jan. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Oct. 2016 ) + Inventory (Q: Jan. 2017 )) / 2 ) / COGS (Q: Jan. 2017 )*Days in Period
=( (1036.337 + 858.689) / 2 ) / 925.888*365 / 4
=947.513 / 925.888*365 / 4
=93.38

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Big Lots Inc's Days Sales of Inventory for the three months ended in Jan. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=947.513/1579.211*365 / 4
=54.75

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

Big Lots Inc's Inventory Turnover for the three months ended in Jan. 2017 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.

Big Lots Inc's Inventory to Revenue for the three months ended in Jan. 2017 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=947.513 / 1579.211
=0.60

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Big Lots Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysInventory 97.6197.1895.4292.7192.5096.92103.36102.9099.43100.56

Big Lots Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysInventory 126.5193.2099.15103.01126.0492.4195.11102.85126.8793.38
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