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Amcon Distributing Co (AMEX:DIT)
Days Inventory
14.59 (As of Jun. 2014)

Amcon Distributing Co's inventory for the three months ended in Jun. 2014 was \$49 Mil. Amcon Distributing Co's cost of goods sold for the three months ended in Jun. 2014 was \$303 Mil. Hence, Amcon Distributing Co's days inventory for the three months ended in Jun. 2014 was 14.59.

Amcon Distributing Co's days inventory declined from Jun. 2013 (14.79) to Jun. 2014 (14.59).

Inventory can be measured by Days Sales of Inventory (DSI). Amcon Distributing Co's days sales of inventory (DSI) for the three months ended in Jun. 2014 was 13.72.

Inventory turnover measures how fast the company turns over its inventory within a year. Amcon Distributing Co's inventory turnover for the three months ended in Jun. 2014 was 6.24.

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. Amcon Distributing Co's inventory to revenue ratio for the three months ended in Jun. 2014 was 0.15.

Definition

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

Amcon Distributing Co's Days Inventory for the fiscal year that ended in Sep. 2013 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 46.125 / 1133.695 * 365 = 14.85

Amcon Distributing Co's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 48.64 / 303.353 * 91 = 14.59

* 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).

Amcon Distributing Co's Days Sales of Inventory for the three months ended in Jun. 2014 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 48.64 / 322.648 * 91 = 13.72

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

Amcon Distributing Co's Inventory Turnover for the three months ended in Jun. 2014 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 303.353 / 48.64 = 6.24

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.

Amcon Distributing Co's Inventory to Revenue for the three months ended in Jun. 2014 is calculated as

 Inventory to Revenue = Inventory / Revenue = 48.64 / 322.648 = 0.15

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Amcon Distributing Co Annual Data

 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 DaysInventory 16.90 11.02 13.78 13.75 17.12 14.99 13.61 14.51 12.79 14.85

Amcon Distributing Co Quarterly Data

 Jun12 Sep12 Dec12 Mar13 May13 Jun13 Sep13 Dec13 Mar14 Jun14 DaysInventory 15.65 12.19 15.98 13.88 0.00 14.79 14.07 16.22 17.53 14.59
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