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Micron Technology Inc (NAS:MU)
Days Inventory
97.70 (As of Feb. 2016)

Micron Technology Inc's average inventory for the three months ended in Feb. 2016 was $2,522 Mil. Micron Technology Inc's cost of goods sold for the three months ended in Feb. 2016 was $2,355 Mil. Hence, Micron Technology Inc's days inventory for the three months ended in Feb. 2016 was 97.70.

MU' s Days Inventory Range Over the Past 10 Years
Min: 77.76   Max: 112.67
Current: 87.43

77.76
112.67

During the past 13 years, Micron Technology Inc's highest Days Inventory was 112.67. The lowest was 77.76. And the median was 87.31.

MU's Days Inventory is ranked lower than
57% of the 825 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 80.01 vs. MU: 87.43 )

Micron Technology Inc's days inventory increased from Feb. 2015 (79.73) to Feb. 2016 (97.70). It might indicate that Micron Technology Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Micron Technology Inc's days sales of inventory (DSI) for the three months ended in Feb. 2016 was 78.42.

Inventory turnover measures how fast the company turns over its inventory within a year. Micron Technology Inc's inventory turnover for the three months ended in Feb. 2016 was 0.93.

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. Micron Technology Inc's inventory to revenue ratio for the three months ended in Feb. 2016 was 0.86.


Definition

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

Micron Technology Inc's Days Inventory for the fiscal year that ended in Aug. 2015 is calculated as

Days Inventory (A: Aug. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Aug. 2014 ) + Inventory (A: Aug. 2015 )) / 2 ) / COGS (A: Aug. 2015 )*Days in Period
=( (2455 + 2340) / 2 ) / 10977*365
=2397.5 / 10977*365
=79.72

Micron Technology Inc's Days Inventory for the quarter that ended in Feb. 2016 is calculated as:

Days Inventory (Q: Feb. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Nov. 2015 ) + Inventory (Q: Feb. 2016 )) / 2 ) / COGS (Q: Feb. 2016 )*Days in Period
=( (2435 + 2608) / 2 ) / 2355*365 / 4
=2521.5 / 2355*365 / 4
=97.70

* 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).

Micron Technology Inc's Days Sales of Inventory for the three months ended in Feb. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=2521.5/2934*365 / 4
=78.42

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

Micron Technology Inc's Inventory Turnover for the three months ended in Feb. 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.

Micron Technology Inc's Inventory to Revenue for the three months ended in Feb. 2016 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.

Micron Technology Inc Annual Data

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
DaysInventory 77.7698.7787.3879.2987.2399.9597.76112.6785.2979.72

Micron Technology Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysInventory 84.4183.0387.1780.0676.2279.7381.8981.9087.1197.70
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