Switch to:
Daktronics Inc (NAS:DAKT)
Days Inventory
55.25 (As of Apr. 2014)

Daktronics Inc's inventory for the three months ended in Apr. 2014 was $62.2 Mil. Daktronics Inc's cost of goods sold for the three months ended in Apr. 2014 was $102.5 Mil. Hence, Daktronics Inc's days inventory for the three months ended in Apr. 2014 was 55.25.

Daktronics Inc's days inventory increased from Apr. 2013 (46.31) to Apr. 2014 (55.25). It might indicate that Daktronics Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Daktronics Inc's days sales of inventory (DSI) for the three months ended in Apr. 2014 was 41.56.

Inventory turnover measures how fast the company turns over its inventory within a year. Daktronics Inc's inventory turnover for the three months ended in Apr. 2014 was 1.65.

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. Daktronics Inc's inventory to revenue ratio for the three months ended in Apr. 2014 was 0.46.


Definition

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

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

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=62.228/410.26*365
=55.36

Daktronics Inc's Days Inventory for the quarter that ended in Apr. 2014 is calculated as:

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=62.228/102.486*91
=55.25

* 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).

Daktronics Inc's Days Sales of Inventory for the three months ended in Apr. 2014 is calculated as

Days Sales of Inventory (DSI)=Inventory/Revenue*Days in Period
=62.228/136.24*91
=41.56

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

Daktronics Inc's Inventory Turnover for the three months ended in Apr. 2014 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.

Daktronics Inc's Inventory to Revenue for the three months ended in Apr. 2014 is calculated as

Inventory to Revenue=Inventory / Revenue
=62.228 / 136.24
=0.46

* 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.

Daktronics Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
DaysInventory 57.1752.6354.5652.3843.9843.6051.8353.3046.5755.36

Daktronics Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
DaysInventory 49.7557.1952.7345.5653.7146.3151.9439.4860.2855.25
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide