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GuruFocus has detected 6 Warning Signs with Hasbro Inc $HAS.
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Hasbro Inc (NAS:HAS)
Days Inventory
58.95 (As of Dec. 2016)

Hasbro Inc's average inventory for the three months ended in Dec. 2016 was $498 Mil. Hasbro Inc's cost of goods sold for the three months ended in Dec. 2016 was $770 Mil. Hence, Hasbro Inc's days inventory for the three months ended in Dec. 2016 was 58.95.

HAS' s Days Inventory Range Over the Past 10 Years
Min: 46.23   Max: 76.12
Current: 76.12

46.23
76.12

During the past 13 years, Hasbro Inc's highest Days Inventory was 76.12. The lowest was 46.23. And the median was 60.21.

HAS's Days Inventory is ranked lower than
73% of the 624 Companies
in the Global Leisure industry.

( Industry Median: 25.58 vs. HAS: 76.12 )

Hasbro Inc's days inventory increased from Dec. 2015 (53.90) to Dec. 2016 (58.95). It might indicate that Hasbro Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Hasbro Inc's days sales of inventory (DSI) for the three months ended in Dec. 2016 was 27.86.

Inventory turnover measures how fast the company turns over its inventory within a year. Hasbro Inc's inventory turnover for the three months ended in Dec. 2016 was 1.55.

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. Hasbro Inc's inventory to revenue ratio for the three months ended in Dec. 2016 was 0.31.


Definition

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

Hasbro Inc's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

Days Inventory (A: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2015 ) + Inventory (A: Dec. 2016 )) / 2 ) / COGS (A: Dec. 2016 )*Days in Period
=( (384.492 + 387.675) / 2 ) / 2314.996*365
=386.0835 / 2314.996*365
=60.87

Hasbro Inc's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

Days Inventory (Q: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2016 ) + Inventory (Q: Dec. 2016 )) / 2 ) / COGS (Q: Dec. 2016 )*Days in Period
=( (607.701 + 387.675) / 2 ) / 770.423*365 / 4
=497.688 / 770.423*365 / 4
=58.95

* 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).

Hasbro Inc's Days Sales of Inventory for the three months ended in Dec. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=497.688/1629.94*365 / 4
=27.86

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

Hasbro Inc's Inventory Turnover for the three months ended in Dec. 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.

Hasbro Inc's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=497.688 / 1629.94
=0.31

* 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.

Hasbro Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysInventory 53.5360.3346.2353.8658.5760.1060.3162.7064.2660.87

Hasbro Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysInventory 64.9262.98101.1596.3656.0153.90107.19120.6467.8758.95
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