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Hi-Tech Pharmacal Co., Inc. (NAS:HITK)
Days Inventory
152.01 (As of Jan. 2014)

Hi-Tech Pharmacal Co., Inc.'s inventory for the three months ended in Jan. 2014 was \$46.7 Mil. Hi-Tech Pharmacal Co., Inc.'s cost of goods sold for the three months ended in Jan. 2014 was \$28.0 Mil. Hence, Hi-Tech Pharmacal Co., Inc.'s days inventory for the three months ended in Jan. 2014 was 152.01.

Hi-Tech Pharmacal Co., Inc.'s days inventory increased from Jan. 2013 (114.07) to Jan. 2014 (152.01). It might indicate that Hi-Tech Pharmacal Co., Inc.'s sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Hi-Tech Pharmacal Co., Inc.'s days sales of inventory (DSI) for the three months ended in Jan. 2014 was 70.96.

Inventory turnover measures how fast the company turns over its inventory within a year. Hi-Tech Pharmacal Co., Inc.'s inventory turnover for the three months ended in Jan. 2014 was 0.60.

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. Hi-Tech Pharmacal Co., Inc.'s inventory to revenue ratio for the three months ended in Jan. 2014 was 0.78.

Definition

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

Hi-Tech Pharmacal Co., Inc.'s Days Inventory for the fiscal year that ended in Apr. 2013 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 39.229 / 117.304 * 365 = 122.06

Hi-Tech Pharmacal Co., Inc.'s Days Inventory for the quarter that ended in Jan. 2014 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 46.708 / 27.962 * 91 = 152.01

* 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).

Hi-Tech Pharmacal Co., Inc.'s Days Sales of Inventory for the three months ended in Jan. 2014 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 46.708 / 59.902 * 91 = 70.96

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

Hi-Tech Pharmacal Co., Inc.'s Inventory Turnover for the three months ended in Jan. 2014 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 27.962 / 46.708 = 0.60

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.

Hi-Tech Pharmacal Co., Inc.'s Inventory to Revenue for the three months ended in Jan. 2014 is calculated as

 Inventory to Revenue = Inventory / Revenue = 46.708 / 59.902 = 0.78

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Hi-Tech Pharmacal Co., Inc. Annual Data

 Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 DaysInventory 98.94 102.99 93.00 148.08 162.42 110.09 104.38 104.26 142.23 122.06

Hi-Tech Pharmacal Co., Inc. Quarterly Data

 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 DaysInventory 127.32 146.80 121.33 139.93 123.81 114.07 114.48 162.35 152.98 152.01
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