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Flex Ltd (NAS:FLEX)
Days Inventory
57.34 (As of Sep. 2016)

Flex Ltd's average inventory for the three months ended in Sep. 2016 was $3,579 Mil. Flex Ltd's cost of goods sold for the three months ended in Sep. 2016 was $5,695 Mil. Hence, Flex Ltd's days inventory for the three months ended in Sep. 2016 was 57.34.

FLEX' s Days Inventory Range Over the Past 10 Years
Min: 43.66   Max: 55.85
Current: 56.57

43.66
55.85

During the past 13 years, Flex Ltd's highest Days Inventory was 55.85. The lowest was 43.66. And the median was 46.80.

FLEX's Days Inventory is ranked higher than
63% of the 2188 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 72.46 vs. FLEX: 56.57 )

Flex Ltd's days inventory increased from Sep. 2015 (53.76) to Sep. 2016 (57.34). It might indicate that Flex Ltd's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Flex Ltd's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 54.35.

Inventory turnover measures how fast the company turns over its inventory within a year. Flex Ltd's inventory turnover for the three months ended in Sep. 2016 was 1.59.

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. Flex Ltd's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.60.


Definition

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

Flex Ltd's Days Inventory for the fiscal year that ended in Mar. 2016 is calculated as

Days Inventory (A: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Mar. 2015 ) + Inventory (A: Mar. 2016 )) / 2 ) / COGS (A: Mar. 2016 )*Days in Period
=( (3488.752 + 3491.656) / 2 ) / 22810.824*365
=3490.204 / 22810.824*365
=55.85

Flex Ltd'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
=( (3594.837 + 3562.217) / 2 ) / 5694.834*365 / 4
=3578.527 / 5694.834*365 / 4
=57.34

* 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).

Flex Ltd'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
=3578.527/6008.525*365 / 4
=54.35

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

Flex Ltd'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.

Flex Ltd's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=3578.527 / 6008.525
=0.60

* 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.

Flex Ltd Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysInventory 43.7946.9443.7746.8243.6644.9449.0746.7752.5855.85

Flex Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 51.8052.9349.5557.7160.4053.7650.9859.3659.1057.34
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