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Educational Development Corp (NAS:EDUC)
Days Inventory
316.97 (As of Aug. 2016)

Educational Development Corp's average inventory for the three months ended in Aug. 2016 was $26.05 Mil. Educational Development Corp's cost of goods sold for the three months ended in Aug. 2016 was $7.50 Mil. Hence, Educational Development Corp's days inventory for the three months ended in Aug. 2016 was 316.97.

EDUC' s Days Inventory Range Over the Past 10 Years
Min: 255.23   Max: 410.96
Current: 259.62

255.23
410.96

During the past 13 years, Educational Development Corp's highest Days Inventory was 410.96. The lowest was 255.23. And the median was 358.76.

EDUC's Days Inventory is ranked lower than
96% of the 156 Companies
in the Global Publishing industry.

( Industry Median: 33.80 vs. EDUC: 259.62 )

Educational Development Corp's days inventory increased from Aug. 2015 (261.95) to Aug. 2016 (316.97). It might indicate that Educational Development Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Educational Development Corp's days sales of inventory (DSI) for the three months ended in Aug. 2016 was 91.79.

Inventory turnover measures how fast the company turns over its inventory within a year. Educational Development Corp's inventory turnover for the three months ended in Aug. 2016 was 0.29.

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. Educational Development Corp's inventory to revenue ratio for the three months ended in Aug. 2016 was 1.01.


Definition

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

Educational Development Corp's Days Inventory for the fiscal year that ended in Feb. 2016 is calculated as

Days Inventory (A: Feb. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Feb. 2015 ) + Inventory (A: Feb. 2016 )) / 2 ) / COGS (A: Feb. 2016 )*Days in Period
=( (11.181 + 17.48) / 2 ) / 20.494*365
=14.3305 / 20.494*365
=255.23

Educational Development Corp's Days Inventory for the quarter that ended in Aug. 2016 is calculated as:

Days Inventory (Q: Aug. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: May. 2016 ) + Inventory (Q: Aug. 2016 )) / 2 ) / COGS (Q: Aug. 2016 )*Days in Period
=( (22.662 + 29.429) / 2 ) / 7.498*365 / 4
=26.0455 / 7.498*365 / 4
=316.97

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Educational Development Corp's Days Sales of Inventory for the three months ended in Aug. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=26.0455/25.893*365 / 4
=91.79

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

Educational Development Corp's Inventory Turnover for the three months ended in Aug. 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.

Educational Development Corp's Inventory to Revenue for the three months ended in Aug. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=26.0455 / 25.893
=1.01

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Educational Development Corp Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysInventory 397.32410.96381.52373.87377.86343.65340.50339.79300.97255.23

Educational Development Corp Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
DaysInventory 332.48341.50244.91352.42307.69261.95152.76265.57274.42316.97
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