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Heartland Payment Systems Inc (NYSE:HPY)
Days Inventory
1.61 (As of Sep. 2015)

Heartland Payment Systems Inc's average inventory for the three months ended in Sep. 2015 was $11 Mil. Heartland Payment Systems Inc's cost of goods sold for the three months ended in Sep. 2015 was $604 Mil. Hence, Heartland Payment Systems Inc's days inventory for the three months ended in Sep. 2015 was 1.61.

HPY' s Days Inventory Range Over the Past 10 Years
Min: 0.37   Max: 2.53
Current: 1.83

0.37
2.53

During the past 13 years, Heartland Payment Systems Inc's highest Days Inventory was 2.53. The lowest was 0.37. And the median was 2.09.

HPY's Days Inventory is ranked higher than
84% of the 420 Companies
in the Global Business Services industry.

( Industry Median: 20.48 vs. HPY: 1.83 )

Heartland Payment Systems Inc's days inventory declined from Sep. 2014 (1.91) to Sep. 2015 (1.61).

Inventory can be measured by Days Sales of Inventory (DSI). Heartland Payment Systems Inc's days sales of inventory (DSI) for the three months ended in Sep. 2015 was 1.37.

Inventory turnover measures how fast the company turns over its inventory within a year. Heartland Payment Systems Inc's inventory turnover for the three months ended in Sep. 2015 was 56.84.

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. Heartland Payment Systems Inc's inventory to revenue ratio for the three months ended in Sep. 2015 was 0.02.


Definition

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

Heartland Payment Systems Inc's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 )*Days in Period
=( (11.087 + 12.048) / 2 ) / 2001.342*365
=11.5675 / 2001.342*365
=2.11

Heartland Payment Systems Inc's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

Days Inventory (Q: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2015 ) + Inventory (Q: Sep. 2015 )) / 2 ) / COGS (Q: Sep. 2015 )*Days in Period
=( (10.972 + 10.279) / 2 ) / 603.937*365 / 4
=10.6255 / 603.937*365 / 4
=1.61

* 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).

Heartland Payment Systems Inc's Days Sales of Inventory for the three months ended in Sep. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=10.6255/705.667*365 / 4
=1.37

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

Heartland Payment Systems Inc's Inventory Turnover for the three months ended in Sep. 2015 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.

Heartland Payment Systems Inc's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=10.6255 / 705.667
=0.02

* 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.

Heartland Payment Systems Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 0.541.161.792.532.502.302.192.072.111.98

Heartland Payment Systems Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysInventory 1.922.132.221.911.912.072.071.751.611.78
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