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Cintas Corp (NAS:CTAS)
Days Inventory
32.06 (As of May. 2015)

Cintas Corp's average inventory for the three months ended in May. 2015 was $230 Mil. Cintas Corp's cost of goods sold for the three months ended in May. 2015 was $656 Mil. Hence, Cintas Corp's days inventory for the three months ended in May. 2015 was 32.06.

Cintas Corp's days inventory declined from May. 2014 (34.80) to May. 2015 (32.06).

Inventory can be measured by Days Sales of Inventory (DSI). Cintas Corp's days sales of inventory (DSI) for the three months ended in May. 2015 was 18.40.

Inventory turnover measures how fast the company turns over its inventory within a year. Cintas Corp's inventory turnover for the three months ended in May. 2015 was 2.85.

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. Cintas Corp's inventory to revenue ratio for the three months ended in May. 2015 was 0.20.


Definition

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

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

Days Inventory (A: May. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Feb. 2014 ) + Inventory (A: May. 2015 )) / 2 ) / COGS (A: May. 2015 )*Days in Period
=( (0 + 226.211) / 2 ) / 2555.549*365
=113.1055 / 2555.549*365
=16.15

Cintas Corp's Days Inventory for the quarter that ended in May. 2015 is calculated as:

Days Inventory (Q: May. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Feb. 2015 ) + Inventory (Q: May. 2015 )) / 2 ) / COGS (Q: May. 2015 )*Days in Period
=( (234.641 + 226.211) / 2 ) / 655.923*365 / 4
=230.426 / 655.923*365 / 4
=32.06

* 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).

Cintas Corp's Days Sales of Inventory for the three months ended in May. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=230.426/1142.583*365 / 4
=18.40

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

Cintas Corp's Inventory Turnover for the three months ended in May. 2015 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.

Cintas Corp's Inventory to Revenue for the three months ended in May. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=230.426 / 1142.583
=0.20

* 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.

Cintas Corp Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14May15
DaysInventory 0.000.000.000.000.000.000.000.000.0016.15

Cintas Corp Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysInventory 34.7833.6033.8833.8735.4334.8036.6334.5233.8832.06
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