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Cyberonics Inc (NAS:CYBX)
Days Inventory
156.26 (As of Mar. 2016)

Cyberonics Inc's average inventory for the three months ended in Mar. 2016 was $211.6 Mil. Cyberonics Inc's cost of goods sold for the three months ended in Mar. 2016 was $123.6 Mil. Hence, Cyberonics Inc's days inventory for the three months ended in Mar. 2016 was 156.26.

CYBX' s Days Inventory Range Over the Past 10 Years
Min: 191.44   Max: 348.71
Current: 254.97

191.44
348.71

During the past 13 years, Cyberonics Inc's highest Days Inventory was 348.71. The lowest was 191.44. And the median was 249.62.

CYBX's Days Inventory is ranked lower than
78% of the 283 Companies
in the Global Medical Devices industry.

( Industry Median: 136.13 vs. CYBX: 254.97 )

Cyberonics Inc's days inventory increased from Apr. 2015 (143.95) to Mar. 2016 (156.26). It might indicate that Cyberonics Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Cyberonics Inc's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 67.29.

Inventory turnover measures how fast the company turns over its inventory within a year. Cyberonics Inc's inventory turnover for the three months ended in Mar. 2016 was 0.58.

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. Cyberonics Inc's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.74.


Definition

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

Cyberonics Inc's Days Inventory for the fiscal year that ended in Apr. 2014 is calculated as

Days Inventory (A: Apr. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Apr. 2013 ) + Inventory (A: Apr. 2014 )) / 2 ) / COGS (A: Apr. 2014 )*Days in Period
=( (17.718 + 17.63) / 2 ) / 27.355*365
=17.674 / 27.355*365
=235.83

Cyberonics Inc's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (212.448 + 210.762) / 2 ) / 123.567*365 / 4
=211.605 / 123.567*365 / 4
=156.26

* 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).

Cyberonics Inc's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=211.605/286.969*365 / 4
=67.29

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

Cyberonics Inc's Inventory Turnover for the three months ended in Mar. 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.

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

Inventory to Revenue=Average Inventory / Revenue
=211.605 / 286.969
=0.74

* 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.

Cyberonics Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
DaysInventory 191.44298.17348.71263.13233.77236.10233.71275.36267.45235.83

Cyberonics Inc Quarterly Data

Apr14Jul14Oct14Jan15Mar15Apr15Jul15Oct15Dec15Mar16
DaysInventory 219.45258.49254.88281.07127.22143.95235.55242.450.00156.26
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