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Big Lots, Inc. (NYSE:BIG)
Days Inventory
84.38 (As of Jan. 2014)

Big Lots, Inc.'s inventory for the three months ended in Jan. 2014 was $915 Mil. Big Lots, Inc.'s cost of goods sold for the three months ended in Jan. 2014 was $987 Mil. Hence, Big Lots, Inc.'s days inventory for the three months ended in Jan. 2014 was 84.38.

Big Lots, Inc.'s days inventory increased from Jan. 2013 (81.03) to Jan. 2014 (84.38). 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. 2014 was 51.63.

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. 2014 was 1.08.

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. 2014 was 0.57.


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. 2014 is calculated as

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=914.965/3236.606*365
=103.18

Big Lots, Inc.'s Days Inventory for the quarter that ended in Jan. 2014 is calculated as:

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=914.965/986.795*91
=84.38

* 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).

Big Lots, Inc.'s Days Sales of Inventory for the three months ended in Jan. 2014 is calculated as

Days Sales of Inventory (DSI)=Inventory/Revenue*Days in Period
=914.965/1612.558*91
=51.63

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. 2014 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. 2014 is calculated as

Inventory to Revenue=Inventory / Revenue
=914.965 / 1612.558
=0.57

* 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.

Big Lots, Inc. Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
DaysInventory 132.68113.1097.0596.9596.4495.0894.6396.17102.95103.18

Big Lots, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
DaysInventory 144.3175.2398.64108.32154.4481.03101.32111.44158.9284.38
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