Switch to:
Esterline Technologies Corp (NYSE:ESL)
Days Inventory
119.57 (As of Sep. 2016)

Esterline Technologies Corp's average inventory for the three months ended in Sep. 2016 was $459 Mil. Esterline Technologies Corp's cost of goods sold for the three months ended in Sep. 2016 was $350 Mil. Hence, Esterline Technologies Corp's days inventory for the three months ended in Sep. 2016 was 119.57.

ESL' s Days Inventory Range Over the Past 10 Years
Min: 61.61   Max: 132.17
Current: 124.57

61.61
132.17

During the past 13 years, Esterline Technologies Corp's highest Days Inventory was 132.17. The lowest was 61.61. And the median was 99.97.

ESL's Days Inventory is ranked lower than
56% of the 179 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 111.94 vs. ESL: 124.57 )

Esterline Technologies Corp's days inventory increased from Sep. 2015 (116.29) to Sep. 2016 (119.57). It might indicate that Esterline Technologies Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Esterline Technologies Corp's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 76.96.

Inventory turnover measures how fast the company turns over its inventory within a year. Esterline Technologies Corp's inventory turnover for the three months ended in Sep. 2016 was 0.76.

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. Esterline Technologies Corp's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.84.


Definition

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

Esterline Technologies Corp's Days Inventory for the fiscal year that ended in Sep. 2016 is calculated as

Days Inventory (A: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2015 ) + Inventory (A: Sep. 2016 )) / 2 ) / COGS (A: Sep. 2016 )*Days in Period
=( (446.768 + 450.206) / 2 ) / 1331.386*365
=448.487 / 1331.386*365
=122.95

Esterline Technologies Corp's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (466.975 + 450.206) / 2 ) / 349.983*365 / 4
=458.5905 / 349.983*365 / 4
=119.57

* 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).

Esterline Technologies Corp's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=458.5905/543.752*365 / 4
=76.96

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

Esterline Technologies Corp's Inventory Turnover for the three months ended in Sep. 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.

Esterline Technologies Corp's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=458.5905 / 543.752
=0.84

* 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.

Esterline Technologies Corp Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Sep14Sep15Sep16
DaysInventory 97.1795.61102.7697.11107.55123.56132.1762.1461.61122.95

Esterline Technologies Corp Quarterly Data

Sep14Oct14Jan15Apr15Jul15Sep15Dec15Mar16Jun16Sep16
DaysInventory 66.5255.81130.29122.81132.69116.29134.29123.98123.22119.57
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)
FEEDBACK