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Matthews International Corporation (NAS:MATW)
Days Inventory
68.75 (As of Dec. 2015)

Matthews International Corporation's average inventory for the three months ended in Dec. 2015 was $172 Mil. Matthews International Corporation's cost of goods sold for the three months ended in Dec. 2015 was $228 Mil. Hence, Matthews International Corporation's days inventory for the three months ended in Dec. 2015 was 68.75.

MATW' s Days Inventory Range Over the Past 10 Years
Min: 64.44   Max: 82.96
Current: 63.45

64.44
82.96

During the past 13 years, Matthews International Corporation's highest Days Inventory was 82.96. The lowest was 64.44. And the median was 71.94.

MATW's Days Inventory is ranked lower than
79% of the 70 Companies
in the Global Personal Services industry.

( Industry Median: 20.19 vs. MATW: 63.45 )

Matthews International Corporation's days inventory increased from Dec. 2014 (64.05) to Dec. 2015 (68.75). It might indicate that Matthews International Corporation's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Matthews International Corporation's days sales of inventory (DSI) for the three months ended in Dec. 2015 was 44.19.

Inventory turnover measures how fast the company turns over its inventory within a year. Matthews International Corporation's inventory turnover for the three months ended in Dec. 2015 was 1.33.

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 Corporation's inventory to revenue ratio for the three months ended in Dec. 2015 was 0.48.


Definition

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

Matthews International Corporation'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
=( (152.842 + 171.423) / 2 ) / 896.693*365
=162.1325 / 896.693*365
=66.00

Matthews International Corporation's Days Inventory for the quarter that ended in Dec. 2015 is calculated as:

Days Inventory (Q: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2015 ) + Inventory (Q: Dec. 2015 )) / 2 ) / COGS (Q: Dec. 2015 )*Days in Period
=( (171.423 + 171.633) / 2 ) / 227.665*365 / 4
=171.528 / 227.665*365 / 4
=68.75

* 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).

Matthews International Corporation's Days Sales of Inventory for the three months ended in Dec. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=171.528/354.232*365 / 4
=44.19

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

Matthews International Corporation's Inventory Turnover for the three months ended in Dec. 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.

Matthews International Corporation's Inventory to Revenue for the three months ended in Dec. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=171.528 / 354.232
=0.48

* 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.

Matthews International Corporation Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysInventory 64.4469.7770.0471.6474.1077.8882.9675.6072.2466.00

Matthews International Corporation Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysInventory 73.5082.9082.4673.9657.6964.0561.9657.5963.2468.75
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