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GuruFocus has detected 1 Warning Sign with Johnson Outdoors Inc $JOUT.
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Johnson Outdoors Inc (NAS:JOUT)
Days Inventory
115.28 (As of Dec. 2016)

Johnson Outdoors Inc's average inventory for the three months ended in Dec. 2016 was $72.2 Mil. Johnson Outdoors Inc's cost of goods sold for the three months ended in Dec. 2016 was $57.2 Mil. Hence, Johnson Outdoors Inc's days inventory for the three months ended in Dec. 2016 was 115.28.

JOUT' s Days Inventory Range Over the Past 10 Years
Min: 99.74   Max: 121.36
Current: 111.05

99.74
121.36

During the past 13 years, Johnson Outdoors Inc's highest Days Inventory was 121.36. The lowest was 99.74. And the median was 105.11.

JOUT's Days Inventory is ranked lower than
84% of the 688 Companies
in the Global Leisure industry.

( Industry Median: 25.13 vs. JOUT: 111.05 )

Johnson Outdoors Inc's days inventory declined from Dec. 2015 (152.51) to Dec. 2016 (115.28).

Inventory can be measured by Days Sales of Inventory (DSI). Johnson Outdoors Inc's days sales of inventory (DSI) for the three months ended in Dec. 2016 was 70.31.

Inventory turnover measures how fast the company turns over its inventory within a year. Johnson Outdoors Inc's inventory turnover for the three months ended in Dec. 2016 was 0.79.

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. Johnson Outdoors Inc's inventory to revenue ratio for the three months ended in Dec. 2016 was 0.77.


Definition

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

Johnson Outdoors Inc's Days Inventory for the fiscal year that ended in Sep. 2016 is calculated as

Days Inventory (A: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2015 ) + Inventory (A: Sep. 2016 )) / 2 ) / COGS (A: Sep. 2016 )*Days in Period
=( (79.919 + 68.397) / 2 ) / 257.265*365
=74.158 / 257.265*365
=105.21

Johnson Outdoors 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
=( (68.397 + 76.037) / 2 ) / 57.164*365 / 4
=72.217 / 57.164*365 / 4
=115.28

* 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).

Johnson Outdoors 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
=72.217/93.729*365 / 4
=70.31

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

Johnson Outdoors 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.

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

* 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.

Johnson Outdoors Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysInventory 108.42121.36119.97106.18105.0199.74102.48101.42103.16105.21

Johnson Outdoors Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysInventory 123.59156.0891.1687.81138.94152.51105.8191.74138.23115.28
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