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GuruFocus has detected 4 Warning Signs with Carnival Corp $CCL.
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Carnival Corp (NYSE:CCL)
Days Inventory
12.51 (As of Nov. 2016)

Carnival Corp's average inventory for the three months ended in Nov. 2016 was $318 Mil. Carnival Corp's cost of goods sold for the three months ended in Nov. 2016 was $2,319 Mil. Hence, Carnival Corp's days inventory for the three months ended in Nov. 2016 was 12.51.

CCL' s Days Inventory Range Over the Past 10 Years
Min: 12.3   Max: 14.21
Current: 12.56

12.3
14.21

During the past 13 years, Carnival Corp's highest Days Inventory was 14.21. The lowest was 12.30. And the median was 13.07.

CCL's Days Inventory is ranked higher than
64% of the 634 Companies
in the Global Leisure industry.

( Industry Median: 25.14 vs. CCL: 12.56 )

Carnival Corp's days inventory declined from Nov. 2015 (13.06) to Nov. 2016 (12.51).

Inventory can be measured by Days Sales of Inventory (DSI). Carnival Corp's days sales of inventory (DSI) for the three months ended in Nov. 2016 was 7.37.

Inventory turnover measures how fast the company turns over its inventory within a year. Carnival Corp's inventory turnover for the three months ended in Nov. 2016 was 7.29.

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. Carnival Corp's inventory to revenue ratio for the three months ended in Nov. 2016 was 0.08.


Definition

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

Carnival Corp's Days Inventory for the fiscal year that ended in Nov. 2016 is calculated as

Days Inventory (A: Nov. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Nov. 2015 ) + Inventory (A: Nov. 2016 )) / 2 ) / COGS (A: Nov. 2016 )*Days in Period
=( (330 + 322) / 2 ) / 9383*365
=326 / 9383*365
=12.68

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

Days Inventory (Q: Nov. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Aug. 2016 ) + Inventory (Q: Nov. 2016 )) / 2 ) / COGS (Q: Nov. 2016 )*Days in Period
=( (314 + 322) / 2 ) / 2319*365 / 4
=318 / 2319*365 / 4
=12.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

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

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=318/3935*365 / 4
=7.37

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

Carnival Corp's Inventory Turnover for the three months ended in Nov. 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.

Carnival Corp's Inventory to Revenue for the three months ended in Nov. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Carnival Corp Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
DaysInventory 14.2113.0413.7812.8512.3013.5113.1012.6613.1212.68

Carnival Corp Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
DaysInventory 12.2512.9113.3112.5111.5813.0613.4913.0911.2012.51
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