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Waters Corp (FRA:WAZ)
Days Inventory
119.26 (As of Jun. 2016)

Waters Corp's average inventory for the three months ended in Jun. 2016 was €256 Mil. Waters Corp's cost of goods sold for the three months ended in Jun. 2016 was €196 Mil. Hence, Waters Corp's days inventory for the three months ended in Jun. 2016 was 119.26.

FRA:WAZ' s Days Inventory Range Over the Past 10 Years
Min: 96.3   Max: 117.27
Current: 117.27

96.3
117.27

During the past 13 years, Waters Corp's highest Days Inventory was 117.27. The lowest was 96.30. And the median was 107.44.

FRA:WAZ's Days Inventory is ranked higher than
54% of the 187 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 124.07 vs. FRA:WAZ: 117.27 )

Waters Corp's days inventory increased from Jun. 2015 (118.04) to Jun. 2016 (119.26). It might indicate that Waters Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Waters Corp's days sales of inventory (DSI) for the three months ended in Jun. 2016 was 48.98.

Inventory turnover measures how fast the company turns over its inventory within a year. Waters Corp's inventory turnover for the three months ended in Jun. 2016 was 0.77.

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. Waters Corp's inventory to revenue ratio for the three months ended in Jun. 2016 was 0.54.


Definition

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

Waters Corp's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (199.862124899 + 241.820435142) / 2 ) / 773.590379143*365
=220.84128002 / 773.590379143*365
=104.20

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

Days Inventory (Q: Jun. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Mar. 2016 ) + Inventory (Q: Jun. 2016 )) / 2 ) / COGS (Q: Jun. 2016 )*Days in Period
=( (257.765804598 + 254.936810253) / 2 ) / 196.136525454*365 / 4
=256.351307425 / 196.136525454*365 / 4
=119.26

* 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).

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

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=256.351307425/477.536489854*365 / 4
=48.98

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

Waters Corp's Inventory Turnover for the three months ended in Jun. 2016 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Inventory
=196.136525454 / 256.351307425
=0.77

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.

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

Inventory to Revenue=Average Inventory / Revenue
=256.351307425 / 477.536489854
=0.54

* 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.

Waters Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 107.20104.5392.83112.08102.36103.95109.33112.45102.80104.20

Waters Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysInventory 124.31120.86119.0898.62114.24118.04122.38102.96126.19119.26
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