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Finisar Corp (NAS:FNSR)
Days Inventory
107.07 (As of Apr. 2016)

Finisar Corp's average inventory for the three months ended in Apr. 2016 was $268 Mil. Finisar Corp's cost of goods sold for the three months ended in Apr. 2016 was $228 Mil. Hence, Finisar Corp's days inventory for the three months ended in Apr. 2016 was 107.07.

FNSR' s Days Inventory Range Over the Past 10 Years
Min: 86.69   Max: 112.93
Current: 109.79

86.69
112.93

During the past 13 years, Finisar Corp's highest Days Inventory was 112.93. The lowest was 86.69. And the median was 104.68.

FNSR's Days Inventory is ranked lower than
71% of the 501 Companies
in the Global Communication Equipment industry.

( Industry Median: 67.97 vs. FNSR: 109.79 )

Finisar Corp's days inventory declined from Apr. 2015 (110.99) to Apr. 2016 (107.07).

Inventory can be measured by Days Sales of Inventory (DSI). Finisar Corp's days sales of inventory (DSI) for the three months ended in Apr. 2016 was 76.69.

Inventory turnover measures how fast the company turns over its inventory within a year. Finisar Corp's inventory turnover for the three months ended in Apr. 2016 was 0.85.

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. Finisar Corp's inventory to revenue ratio for the three months ended in Apr. 2016 was 0.84.


Definition

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

Finisar Corp's Days Inventory for the fiscal year that ended in Apr. 2016 is calculated as

Days Inventory (A: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Apr. 2015 ) + Inventory (A: Apr. 2016 )) / 2 ) / COGS (A: Apr. 2016 )*Days in Period
=( (283.67 + 273.291) / 2 ) / 908.516*365
=278.4805 / 908.516*365
=111.88

Finisar Corp's Days Inventory for the quarter that ended in Apr. 2016 is calculated as:

Days Inventory (Q: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jan. 2016 ) + Inventory (Q: Apr. 2016 )) / 2 ) / COGS (Q: Apr. 2016 )*Days in Period
=( (262.591 + 273.291) / 2 ) / 228.352*365 / 4
=267.941 / 228.352*365 / 4
=107.07

* 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).

Finisar Corp's Days Sales of Inventory for the three months ended in Apr. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=267.941/318.794*365 / 4
=76.69

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

Finisar Corp's Inventory Turnover for the three months ended in Apr. 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.

Finisar Corp's Inventory to Revenue for the three months ended in Apr. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=267.941 / 318.794
=0.84

* 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.

Finisar Corp Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
DaysInventory 86.6997.9193.15100.2693.80109.10112.93110.59110.19111.88

Finisar Corp Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
DaysInventory 115.89110.41105.65119.39112.43110.99113.89107.51108.63107.07
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