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GuruFocus has detected 7 Warning Signs with Mobile Mini Inc $MINI.
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Mobile Mini Inc (NAS:MINI)
Days Inventory
357.48 (As of Dec. 2016)

Mobile Mini Inc's average inventory for the three months ended in Dec. 2016 was USD 16.8 Mil. Mobile Mini Inc's cost of goods sold for the three months ended in Dec. 2016 was USD 4.3 Mil. Hence, Mobile Mini Inc's days inventory for the three months ended in Dec. 2016 was 357.48.

MINI' s Days Inventory Range Over the Past 10 Years
Min: 273.75   Max: 482.94
Current: 362.98

273.75
482.94

During the past 13 years, Mobile Mini Inc's highest Days Inventory was 482.94. The lowest was 273.75. And the median was 329.97.

MINI's Days Inventory is ranked lower than
100% of the 306 Companies
in the Global Packaging & Containers industry.

( Industry Median: 59.87 vs. MINI: 362.98 )

Mobile Mini Inc's days inventory increased from Dec. 2015 (317.02) to Dec. 2016 (357.48). It might indicate that Mobile Mini Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Mobile Mini Inc's days sales of inventory (DSI) for the three months ended in Dec. 2016 was 11.75.

Inventory turnover measures how fast the company turns over its inventory within a year. Mobile Mini Inc's inventory turnover for the three months ended in Dec. 2016 was 0.26.

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. Mobile Mini Inc's inventory to revenue ratio for the three months ended in Dec. 2016 was 0.13.


Definition

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

Mobile Mini Inc's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

Days Inventory (A: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2015 ) + Inventory (A: Dec. 2016 )) / 2 ) / COGS (A: Dec. 2016 )*Days in Period
=( (15.596 + 15.412) / 2 ) / 16.471*365
=15.504 / 16.471*365
=343.57

Mobile Mini 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
=( (18.162 + 15.412) / 2 ) / 4.285*365 / 4
=16.787 / 4.285*365 / 4
=357.48

* 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).

Mobile Mini 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
=16.787/130.387*365 / 4
=11.75

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

Mobile Mini 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.

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

Inventory to Revenue=Average Inventory / Revenue
=16.787 / 130.387
=0.13

* 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.

Mobile Mini Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysInventory 482.94364.48344.72346.10281.77316.36273.75295.07299.96343.57

Mobile Mini Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysInventory 318.94269.37295.58287.31366.26317.02306.96406.01415.23357.48
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