Switch to:
Ball Corp (NYSE:BLL)
Days Inventory
59.75 (As of Mar. 2016)

Ball Corp's average inventory for the three months ended in Mar. 2016 was $927 Mil. Ball Corp's cost of goods sold for the three months ended in Mar. 2016 was $1,416 Mil. Hence, Ball Corp's days inventory for the three months ended in Mar. 2016 was 59.75.

BLL' s Days Inventory Range Over the Past 10 Years
Min: 53.85   Max: 57.34
Current: 54.24

53.85
57.34

During the past 13 years, Ball Corp's highest Days Inventory was 57.34. The lowest was 53.85. And the median was 55.30.

BLL's Days Inventory is ranked higher than
56% of the 308 Companies
in the Global Packaging & Containers industry.

( Industry Median: 59.05 vs. BLL: 54.24 )

Ball Corp's days inventory declined from Mar. 2015 (59.91) to Mar. 2016 (59.75).

Inventory can be measured by Days Sales of Inventory (DSI). Ball Corp's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 48.18.

Inventory turnover measures how fast the company turns over its inventory within a year. Ball Corp's inventory turnover for the three months ended in Mar. 2016 was 1.53.

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. Ball Corp's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.53.


Definition

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

Ball Corp's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (1016.7 + 898.4) / 2 ) / 6460.3*365
=957.55 / 6460.3*365
=54.10

Ball Corp's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (898.4 + 956) / 2 ) / 1416*365 / 4
=927.2 / 1416*365 / 4
=59.75

* 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).

Ball Corp's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=927.2/1756*365 / 4
=48.18

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

Ball Corp's Inventory Turnover for the three months ended in Mar. 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.

Ball Corp's Inventory to Revenue for the three months ended in Mar. 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.

Ball Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 53.8756.6756.7755.7757.3455.5853.8555.0254.0654.10

Ball Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 57.7859.6852.1350.5155.4559.9150.4348.7256.4659.75
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK