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Mitcham Industries Inc (NAS:MIND)
Days Inventory
109.23 (As of Jul. 2016)

Mitcham Industries Inc's average inventory for the three months ended in Jul. 2016 was $13.05 Mil. Mitcham Industries Inc's cost of goods sold for the three months ended in Jul. 2016 was $10.91 Mil. Hence, Mitcham Industries Inc's days inventory for the three months ended in Jul. 2016 was 109.23.

MIND' s Days Inventory Range Over the Past 10 Years
Min: 34.99   Max: 96.44
Current: 96.44

34.99
96.44

During the past 13 years, Mitcham Industries Inc's highest Days Inventory was 96.44. The lowest was 34.99. And the median was 49.13.

MIND's Days Inventory is ranked lower than
66% of the 2188 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 72.38 vs. MIND: 96.44 )

Mitcham Industries Inc's days inventory declined from Jul. 2015 (121.14) to Jul. 2016 (109.23).

Inventory can be measured by Days Sales of Inventory (DSI). Mitcham Industries Inc's days sales of inventory (DSI) for the three months ended in Jul. 2016 was 137.50.

Inventory turnover measures how fast the company turns over its inventory within a year. Mitcham Industries Inc's inventory turnover for the three months ended in Jul. 2016 was 0.84.

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. Mitcham Industries Inc's inventory to revenue ratio for the three months ended in Jul. 2016 was 1.51.


Definition

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

Mitcham Industries Inc's Days Inventory for the fiscal year that ended in Jan. 2016 is calculated as

Days Inventory (A: Jan. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jan. 2015 ) + Inventory (A: Jan. 2016 )) / 2 ) / COGS (A: Jan. 2016 )*Days in Period
=( (11.451 + 12.944) / 2 ) / 49.15*365
=12.1975 / 49.15*365
=90.58

Mitcham Industries Inc's Days Inventory for the quarter that ended in Jul. 2016 is calculated as:

Days Inventory (Q: Jul. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Apr. 2016 ) + Inventory (Q: Jul. 2016 )) / 2 ) / COGS (Q: Jul. 2016 )*Days in Period
=( (13.016 + 13.091) / 2 ) / 10.905*365 / 4
=13.0535 / 10.905*365 / 4
=109.23

* 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).

Mitcham Industries Inc's Days Sales of Inventory for the three months ended in Jul. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=13.0535/8.663*365 / 4
=137.50

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

Mitcham Industries Inc's Inventory Turnover for the three months ended in Jul. 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.

Mitcham Industries Inc's Inventory to Revenue for the three months ended in Jul. 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.

Mitcham Industries Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysInventory 59.8061.3854.0744.1940.8638.1734.9944.1160.3090.58

Mitcham Industries Inc Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
DaysInventory 52.4056.0465.6878.1786.99121.1485.7890.4697.91109.23
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