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Manitowoc Co Inc (NYSE:MTW)
Days Inventory
83.32 (As of Dec. 2014)

Manitowoc Co Inc's average inventory for the three months ended in Dec. 2014 was $727 Mil. Manitowoc Co Inc's cost of goods sold for the three months ended in Dec. 2014 was $796 Mil. Hence, Manitowoc Co Inc's days inventory for the three months ended in Dec. 2014 was 83.32.

Manitowoc Co Inc's days inventory declined from Dec. 2013 (85.31) to Dec. 2014 (83.32).

Inventory can be measured by Days Sales of Inventory (DSI). Manitowoc Co Inc's days sales of inventory (DSI) for the three months ended in Dec. 2014 was 63.92.

Inventory turnover measures how fast the company turns over its inventory within a year. Manitowoc Co Inc's inventory turnover for the three months ended in Dec. 2014 was 1.10.

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. Manitowoc Co Inc's inventory to revenue ratio for the three months ended in Dec. 2014 was 0.70.


Definition

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

Manitowoc Co Inc's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 )*Days in Period
=( (720.8 + 644.5) / 2 ) / 2900.4*365
=682.65 / 2900.4*365
=85.91

Manitowoc Co Inc's Days Inventory for the quarter that ended in Dec. 2014 is calculated as:

Days Inventory (Q: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2014 ) + Inventory (Q: Dec. 2014 )) / 2 ) / COGS (Q: Dec. 2014 )*Days in Period
=( (808.9 + 644.5) / 2 ) / 795.9*365 / 4
=726.7 / 795.9*365 / 4
=83.32

* 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).

Manitowoc Co Inc's Days Sales of Inventory for the three months ended in Dec. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=726.7/1037.4*365 / 4
=63.92

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

Manitowoc Co Inc's Inventory Turnover for the three months ended in Dec. 2014 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.

Manitowoc Co Inc's Inventory to Revenue for the three months ended in Dec. 2014 is calculated as

* 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.

Manitowoc Co Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysInventory 61.6173.7270.0579.3597.4388.3279.6983.2585.2485.91

Manitowoc Co Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysInventory 107.0982.51101.4196.99101.6485.31113.15101.96100.9583.32
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