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Cal-Maine Foods Inc (NAS:CALM)
Days Inventory
47.44 (As of May. 2014)

Cal-Maine Foods Inc's inventory for the three months ended in May. 2014 was \$146 Mil. Cal-Maine Foods Inc's cost of goods sold for the three months ended in May. 2014 was \$280 Mil. Hence, Cal-Maine Foods Inc's days inventory for the three months ended in May. 2014 was 47.44.

Cal-Maine Foods Inc's days inventory declined from May. 2013 (49.07) to May. 2014 (47.44).

Inventory can be measured by Days Sales of Inventory (DSI). Cal-Maine Foods Inc's days sales of inventory (DSI) for the three months ended in May. 2014 was 35.78.

Inventory turnover measures how fast the company turns over its inventory within a year. Cal-Maine Foods Inc's inventory turnover for the three months ended in May. 2014 was 1.92.

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. Cal-Maine Foods Inc's inventory to revenue ratio for the three months ended in May. 2014 was 0.39.

Definition

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

Cal-Maine Foods Inc's Days Inventory for the fiscal year that ended in May. 2014 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 146.117 / 1138.143 * 365 = 46.86

Cal-Maine Foods Inc's Days Inventory for the quarter that ended in May. 2014 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 146.117 / 280.291 * 91 = 47.44

* 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).

Cal-Maine Foods Inc's Days Sales of Inventory for the three months ended in May. 2014 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 146.117 / 371.582 * 91 = 35.78

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

Cal-Maine Foods Inc's Inventory Turnover for the three months ended in May. 2014 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 280.291 / 146.117 = 1.92

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.

Cal-Maine Foods Inc's Inventory to Revenue for the three months ended in May. 2014 is calculated as

 Inventory to Revenue = Inventory / Revenue = 146.117 / 371.582 = 0.39

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cal-Maine Foods Inc Annual Data

 May05 May06 May07 May08 May09 May10 May11 May12 May13 May14 DaysInventory 49.01 50.83 47.35 45.38 49.17 47.94 53.04 46.92 50.32 46.86

Cal-Maine Foods Inc Quarterly Data

 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 DaysInventory 45.37 45.58 51.44 47.10 45.57 49.07 48.08 46.63 44.75 47.44
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