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Dick's Sporting Goods Inc (NYSE:DKS)
Days Inventory
116.43 (As of Jul. 2015)

Dick's Sporting Goods Inc's average inventory for the three months ended in Jul. 2015 was $1,620 Mil. Dick's Sporting Goods Inc's cost of goods sold for the three months ended in Jul. 2015 was $1,269 Mil. Hence, Dick's Sporting Goods Inc's days inventory for the three months ended in Jul. 2015 was 116.43.

Dick's Sporting Goods Inc's days inventory increased from Jul. 2014 (111.51) to Jul. 2015 (116.43). It might indicate that Dick's Sporting Goods Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Dick's Sporting Goods Inc's days sales of inventory (DSI) for the three months ended in Jul. 2015 was 81.08.

Inventory turnover measures how fast the company turns over its inventory within a year. Dick's Sporting Goods Inc's inventory turnover for the three months ended in Jul. 2015 was 0.78.

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. Dick's Sporting Goods Inc's inventory to revenue ratio for the three months ended in Jul. 2015 was 0.89.


Definition

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

Dick's Sporting Goods Inc's Days Inventory for the fiscal year that ended in Jan. 2015 is calculated as

Days Inventory (A: Jan. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jan. 2014 ) + Inventory (A: Jan. 2015 )) / 2 ) / COGS (A: Jan. 2015 )*Days in Period
=( (1232.065 + 1390.767) / 2 ) / 4727.813*365
=1311.416 / 4727.813*365
=101.24

Dick's Sporting Goods Inc's Days Inventory for the quarter that ended in Jul. 2015 is calculated as:

Days Inventory (Q: Jul. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Apr. 2015 ) + Inventory (Q: Jul. 2015 )) / 2 ) / COGS (Q: Jul. 2015 )*Days in Period
=( (1623.753 + 1615.722) / 2 ) / 1269.421*365 / 4
=1619.7375 / 1269.421*365 / 4
=116.43

* 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).

Dick's Sporting Goods Inc's Days Sales of Inventory for the three months ended in Jul. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=1619.7375/1822.979*365 / 4
=81.08

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

Dick's Sporting Goods Inc's Inventory Turnover for the three months ended in Jul. 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.

Dick's Sporting Goods Inc's Inventory to Revenue for the three months ended in Jul. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=1619.7375 / 1822.979
=0.89

* 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.

Dick's Sporting Goods Inc Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
DaysInventory 96.0596.88102.19107.9299.9695.5996.4796.3599.53101.24

Dick's Sporting Goods Inc Quarterly Data

Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15
DaysInventory 119.20112.23133.0496.90124.02111.51135.1698.03125.45116.43
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