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Esterline Technologies (NYSE:ESL)
Days Inventory
132.69 (As of Jul. 2015)

Esterline Technologies's average inventory for the three months ended in Jul. 2015 was $475 Mil. Esterline Technologies's cost of goods sold for the three months ended in Jul. 2015 was $326 Mil. Hence, Esterline Technologies's days inventory for the three months ended in Jul. 2015 was 132.69.

ESL' s Days Inventory Range Over the Past 10 Years
Min: 79.41   Max: 132.17
Current: 174.4

79.41
132.17

During the past 13 years, Esterline Technologies's highest Days Inventory was 132.17. The lowest was 79.41. And the median was 97.14.

ESL's Days Inventory is ranked lower than
57% of the 182 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 116.39 vs. ESL: 174.40 )

Esterline Technologies's days inventory declined from Jul. 2014 (136.23) to Jul. 2015 (132.69).

Inventory can be measured by Days Sales of Inventory (DSI). Esterline Technologies's days sales of inventory (DSI) for the three months ended in Jul. 2015 was 87.28.

Inventory turnover measures how fast the company turns over its inventory within a year. Esterline Technologies's inventory turnover for the three months ended in Jul. 2015 was 0.69.

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's inventory to revenue ratio for the three months ended in Jul. 2015 was 0.96.


Definition

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

Esterline Technologies's Days Inventory for the fiscal year that ended in Oct. 2013 is calculated as

Days Inventory (A: Oct. 2013 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Oct. 2012 ) + Inventory (A: Oct. 2013 )) / 2 ) / COGS (A: Oct. 2013 )*Days in Period
=( (409.837 + 447.663) / 2 ) / 1184.068*365
=428.75 / 1184.068*365
=132.17

Esterline Technologies'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
=( (479.588 + 469.7) / 2 ) / 326.421*365 / 4
=474.644 / 326.421*365 / 4
=132.69

* 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).

Esterline Technologies'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
=474.644/496.217*365 / 4
=87.28

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

Esterline Technologies'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.

Esterline Technologies's Inventory to Revenue for the three months ended in Jul. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=474.644 / 496.217
=0.96

* 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.

Esterline Technologies Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysInventory 85.1979.4191.1497.1795.61102.7697.11107.55116.43132.17

Esterline Technologies Quarterly Data

Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15
DaysInventory 122.11133.56151.48133.50132.61136.230.00130.29122.81132.69
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