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Carnival Corp (NYSE:CCL)
Days Inventory
13.49 (As of Feb. 2016)

Carnival Corp's average inventory for the three months ended in Feb. 2016 was $332 Mil. Carnival Corp's cost of goods sold for the three months ended in Feb. 2016 was $2,243 Mil. Hence, Carnival Corp's days inventory for the three months ended in Feb. 2016 was 13.49.

CCL' s Days Inventory Range Over the Past 10 Years
Min: 12.3   Max: 14.3
Current: 12.7

12.3
14.3

During the past 13 years, Carnival Corp's highest Days Inventory was 14.30. The lowest was 12.30. And the median was 13.12.

CCL's Days Inventory is ranked higher than
64% of the 679 Companies
in the Global Leisure industry.

( Industry Median: 25.79 vs. CCL: 12.70 )

Carnival Corp's days inventory increased from Feb. 2015 (13.31) to Feb. 2016 (13.49). It might indicate that Carnival Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Carnival Corp's days sales of inventory (DSI) for the three months ended in Feb. 2016 was 8.29.

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 Feb. 2016 was 6.77.

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 Feb. 2016 was 0.09.


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. 2015 is calculated as

Days Inventory (A: Nov. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Nov. 2014 ) + Inventory (A: Nov. 2015 )) / 2 ) / COGS (A: Nov. 2015 )*Days in Period
=( (349 + 330) / 2 ) / 9447*365
=339.5 / 9447*365
=13.12

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

Days Inventory (Q: Feb. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Nov. 2015 ) + Inventory (Q: Feb. 2016 )) / 2 ) / COGS (Q: Feb. 2016 )*Days in Period
=( (330 + 333) / 2 ) / 2243*365 / 4
=331.5 / 2243*365 / 4
=13.49

* 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).

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

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=331.5/3651*365 / 4
=8.29

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 Feb. 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 Feb. 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.

Carnival Corp Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
DaysInventory 13.7914.2113.0414.3012.8512.3013.5113.1212.6813.12

Carnival Corp Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysInventory 13.2913.5512.2512.9113.3112.5111.5813.0613.4913.09
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