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J&J Snack Foods Corp (NAS:JJSF)
Days Inventory
55.32 (As of Mar. 2016)

J&J Snack Foods Corp's average inventory for the three months ended in Mar. 2016 was $97.6 Mil. J&J Snack Foods Corp's cost of goods sold for the three months ended in Mar. 2016 was $161.0 Mil. Hence, J&J Snack Foods Corp's days inventory for the three months ended in Mar. 2016 was 55.32.

JJSF' s Days Inventory Range Over the Past 10 Years
Min: 37.61   Max: 42.74
Current: 47.48

37.61
42.74

During the past 13 years, J&J Snack Foods Corp's highest Days Inventory was 42.74. The lowest was 37.61. And the median was 40.39.

JJSF's Days Inventory is ranked higher than
65% of the 1480 Companies
in the Global Packaged Foods industry.

( Industry Median: 65.79 vs. JJSF: 47.48 )

J&J Snack Foods Corp's days inventory increased from Mar. 2015 (49.82) to Mar. 2016 (55.32). It might indicate that J&J Snack Foods Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). J&J Snack Foods Corp's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 38.76.

Inventory turnover measures how fast the company turns over its inventory within a year. J&J Snack Foods Corp's inventory turnover for the three months ended in Mar. 2016 was 1.65.

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. J&J Snack Foods Corp's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.42.


Definition

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

J&J Snack Foods Corp's Days Inventory for the fiscal year that ended in Sep. 2015 is calculated as

Days Inventory (A: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2014 ) + Inventory (A: Sep. 2015 )) / 2 ) / COGS (A: Sep. 2015 )*Days in Period
=( (76.083 + 80.622) / 2 ) / 675.366*365
=78.3525 / 675.366*365
=42.35

J&J Snack Foods Corp's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (94.503 + 100.649) / 2 ) / 160.961*365 / 4
=97.576 / 160.961*365 / 4
=55.32

* 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).

J&J Snack Foods Corp's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=97.576/229.71*365 / 4
=38.76

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

J&J Snack Foods Corp's Inventory Turnover for the three months ended in Mar. 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.

J&J Snack Foods Corp's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

* 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.

J&J Snack Foods Corp Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysInventory 38.0940.2839.4739.0737.6140.4941.8742.7442.7142.35

J&J Snack Foods Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 47.1948.5741.4441.6148.6249.8241.2242.1350.2555.32
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