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Matthews International Corp (NAS:MATW)
Days Inventory
65.26 (As of Sep. 2016)

Matthews International Corp's average inventory for the three months ended in Sep. 2016 was $165 Mil. Matthews International Corp's cost of goods sold for the three months ended in Sep. 2016 was $230 Mil. Hence, Matthews International Corp's days inventory for the three months ended in Sep. 2016 was 65.26.

MATW' s Days Inventory Range Over the Past 10 Years
Min: 65.95   Max: 82.96
Current: 66.49

65.95
82.96

During the past 13 years, Matthews International Corp's highest Days Inventory was 82.96. The lowest was 65.95. And the median was 71.94.

MATW's Days Inventory is ranked lower than
78% of the 74 Companies
in the Global Personal Services industry.

( Industry Median: 18.12 vs. MATW: 66.49 )

Matthews International Corp's days inventory increased from Sep. 2015 (63.24) to Sep. 2016 (65.26). It might indicate that Matthews International Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Matthews International Corp's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 39.84.

Inventory turnover measures how fast the company turns over its inventory within a year. Matthews International Corp's inventory turnover for the three months ended in Sep. 2016 was 1.40.

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. Matthews International Corp's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.44.


Definition

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

Matthews International Corp'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
=( (171.423 + 162.472) / 2 ) / 924.01*365
=166.9475 / 924.01*365
=65.95

Matthews International Corp's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (166.723 + 162.472) / 2 ) / 230.165*365 / 4
=164.5975 / 230.165*365 / 4
=65.26

* 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).

Matthews International Corp's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=164.5975/376.995*365 / 4
=39.84

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

Matthews International Corp's Inventory Turnover for the three months ended in Sep. 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.

Matthews International Corp's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=164.5975 / 376.995
=0.44

* 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.

Matthews International Corp Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysInventory 69.7770.0471.6474.1077.8882.9675.6072.2466.0065.95

Matthews International Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 73.9657.6964.0561.9657.5963.2468.7567.8064.7565.26
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