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Buckeye Technologies, Inc. (NYSE:BKI)
Days Inventory
63.03 (As of Mar. 2013)

Buckeye Technologies, Inc.'s average inventory for the three months ended in Mar. 2013 was $105.4 Mil. Buckeye Technologies, Inc.'s cost of goods sold for the three months ended in Mar. 2013 was $152.2 Mil. Hence, Buckeye Technologies, Inc.'s days inventory for the three months ended in Mar. 2013 was 63.03.

Buckeye Technologies, Inc.'s days inventory increased from Mar. 2012 (60.36) to Mar. 2013 (63.03). It might indicate that Buckeye Technologies, Inc.'s sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Buckeye Technologies, Inc.'s days sales of inventory (DSI) for the three months ended in Mar. 2013 was 49.06.

Inventory turnover measures how fast the company turns over its inventory within a year. Buckeye Technologies, Inc.'s inventory turnover for the three months ended in Mar. 2013 was 1.44.

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. Buckeye Technologies, Inc.'s inventory to revenue ratio for the three months ended in Mar. 2013 was 0.54.


Definition

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

Buckeye Technologies, Inc.'s Days Inventory for the fiscal year that ended in Jun. 2012 is calculated as

Days Inventory
=( (Inventory (A: Jun. 2011 )+Inventory (A: Jun. 2012 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (91.024+90.183)/ 2 )/677.396*365
=90.6035/677.396*365
=48.82

Buckeye Technologies, Inc.'s Days Inventory for the quarter that ended in Mar. 2013 is calculated as:

Days Inventory
=( (Inventory (Q: Dec. 2012 )+Inventory (Q: Mar. 2013 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (105.789+105.058)/ 2 )/152.204*91
=105.4235/152.204*91
=63.03

* 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).

Buckeye Technologies, Inc.'s Days Sales of Inventory for the three months ended in Mar. 2013 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=105.4235/195.562*91
=49.06

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

Buckeye Technologies, Inc.'s Inventory Turnover for the three months ended in Mar. 2013 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.

Buckeye Technologies, Inc.'s Inventory to Revenue for the three months ended in Mar. 2013 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=105.4235 / 195.562
=0.54

* 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.

Buckeye Technologies, Inc. Annual Data

Jun03Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12
DaysInventory 92.1376.8966.3059.9353.0653.2055.9846.7042.7948.82

Buckeye Technologies, Inc. Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
DaysInventory 49.3048.1743.7847.8354.9060.3658.2463.5663.9763.03
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