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Brady Corp (NYSE:BRC)
Days Inventory
64.49 (As of Apr. 2016)

Brady Corp's average inventory for the three months ended in Apr. 2016 was $100 Mil. Brady Corp's cost of goods sold for the three months ended in Apr. 2016 was $141 Mil. Hence, Brady Corp's days inventory for the three months ended in Apr. 2016 was 64.49.

BRC' s Days Inventory Range Over the Past 10 Years
Min: 53.1   Max: 66.92
Current: 65.43

53.1
66.92

During the past 13 years, Brady Corp's highest Days Inventory was 66.92. The lowest was 53.10. And the median was 64.44.

BRC's Days Inventory is ranked lower than
54% of the 209 Companies
in the Global Security & Protection Services industry.

( Industry Median: 58.14 vs. BRC: 65.43 )

Brady Corp's days inventory declined from Apr. 2015 (70.58) to Apr. 2016 (64.49).

Inventory can be measured by Days Sales of Inventory (DSI). Brady Corp's days sales of inventory (DSI) for the three months ended in Apr. 2016 was 31.79.

Inventory turnover measures how fast the company turns over its inventory within a year. Brady Corp's inventory turnover for the three months ended in Apr. 2016 was 1.42.

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. Brady Corp's inventory to revenue ratio for the three months ended in Apr. 2016 was 0.35.


Definition

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

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

Days Inventory (A: Jul. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jul. 2014 ) + Inventory (A: Jul. 2015 )) / 2 ) / COGS (A: Jul. 2015 )*Days in Period
=( (113.275 + 104.507) / 2 ) / 613.299*365
=108.891 / 613.299*365
=64.81

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

Days Inventory (Q: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jan. 2016 ) + Inventory (Q: Apr. 2016 )) / 2 ) / COGS (Q: Apr. 2016 )*Days in Period
=( (99.253 + 100.567) / 2 ) / 141.373*365 / 4
=99.91 / 141.373*365 / 4
=64.49

* 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).

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

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=99.91/286.816*365 / 4
=31.79

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

Brady Corp's Inventory Turnover for the three months ended in Apr. 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.

Brady Corp's Inventory to Revenue for the three months ended in Apr. 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.

Brady Corp Annual Data

Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15
DaysInventory 66.9264.5864.3066.0554.1053.1055.6366.9261.6764.81

Brady Corp Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
DaysInventory 64.1663.0662.4565.8674.1670.5862.4565.5667.6564.49
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