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Conn's Inc (NAS:CONN)
Days Inventory
85.58 (As of Apr. 2016)

Conn's Inc's average inventory for the three months ended in Apr. 2016 was $192 Mil. Conn's Inc's cost of goods sold for the three months ended in Apr. 2016 was $204 Mil. Hence, Conn's Inc's days inventory for the three months ended in Apr. 2016 was 85.58.

CONN' s Days Inventory Range Over the Past 10 Years
Min: 53.43   Max: 79.09
Current: 79.37

53.43
79.09

During the past 13 years, Conn's Inc's highest Days Inventory was 79.09. The lowest was 53.43. And the median was 57.46.

CONN's Days Inventory is ranked higher than
53% of the 886 Companies
in the Global Specialty Retail industry.

( Industry Median: 89.69 vs. CONN: 79.37 )

Conn's Inc's days inventory increased from Apr. 2015 (70.33) to Apr. 2016 (85.58). It might indicate that Conn's Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Conn's Inc's days sales of inventory (DSI) for the three months ended in Apr. 2016 was 44.97.

Inventory turnover measures how fast the company turns over its inventory within a year. Conn's Inc's inventory turnover for the three months ended in Apr. 2016 was 1.07.

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. Conn's Inc's inventory to revenue ratio for the three months ended in Apr. 2016 was 0.49.


Definition

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

Conn's Inc's Days Inventory for the fiscal year that ended in Jan. 2016 is calculated as

Days Inventory (A: Jan. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jan. 2015 ) + Inventory (A: Jan. 2016 )) / 2 ) / COGS (A: Jan. 2016 )*Days in Period
=( (159.068 + 201.969) / 2 ) / 833.126*365
=180.5185 / 833.126*365
=79.09

Conn's Inc'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
=( (201.969 + 181.543) / 2 ) / 204.466*365 / 4
=191.756 / 204.466*365 / 4
=85.58

* 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).

Conn's Inc'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
=191.756/389.113*365 / 4
=44.97

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

Conn's Inc'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.

Conn's Inc's Inventory to Revenue for the three months ended in Apr. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=191.756 / 389.113
=0.49

* 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.

Conn's Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysInventory 58.5559.4954.8953.4354.1656.3753.9759.6765.6779.09

Conn's Inc Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
DaysInventory 53.6067.6168.4072.1266.3870.3368.2792.5883.4585.58
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