AVX (AVX) Days Inventory : 231.78 (As of Dec. 2019)

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What is AVX Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AVX's Average Total Inventories for the three months ended in Dec. 2019 was $677 Mil. AVX's Cost of Goods Sold for the three months ended in Dec. 2019 was $267 Mil. Hence, AVX's Days Inventory for the three months ended in Dec. 2019 was 231.78.

The historical rank and industry rank for AVX's Days Inventory or its related term are showing as below:

AVX's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 104.01
* Ranked among companies with meaningful Days Inventory only.

AVX's Days Inventory increased from Dec. 2018 (165.42) to Dec. 2019 (231.78). It might indicate that AVX's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AVX's Inventory Turnover for the three months ended in Dec. 2019 was 0.39.

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. AVX's Inventory-to-Revenue for the three months ended in Dec. 2019 was 1.97.

AVX Days Inventory Historical Data

The historical data trend for AVX's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AVX Days Inventory Chart

AVX Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Days Inventory

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193.50

205.40

170.16

145.42

160.13

AVX Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Inventory	Get a 7-Day Free Trial															165.42	175.94	196.66	206.31	231.78

Competitive Comparison of AVX's Days Inventory

For the Electronic Components subindustry, AVX's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AVX's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AVX's Days Inventory distribution charts can be found below:

* The bar in red indicates where AVX's Days Inventory falls into.

AVX Days Inventory Calculation

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

AVX's Days Inventory for the fiscal year that ended in Mar. 2019 is calculated as

	Days Inventory (A: Mar. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2018 )	+	Total Inventories (A: Mar. 2019 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2019 )	*	Days in Period
=	( (516.777	+	631.688)	/	2 )	/	1308.907	*	365
=	574.2325					/	1308.907	*	365
=	160.13

AVX's Days Inventory for the quarter that ended in Dec. 2019 is calculated as:

	Days Inventory (Q: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (680.099	+	674.697)	/	2 )	/	266.687	*	365 / 4
=	677.398					/	266.687	*	365 / 4
=	231.78

AVX (NYSE:AVX) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

AVX's Inventory Turnover for the three months ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	266.687	/	677.398
	=	0.39

2. 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.

AVX's Inventory to Revenue for the three months ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	677.398	/	344.441
	=	1.97

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.

AVX Days Inventory Related Terms

Thank you for viewing the detailed overview of AVX's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

AVX (AVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVX Corp (NYSE:AVX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 AVX Boulevard, Fountain Inn, SC, USA, 29644

Website

https://www.avx.com

AVX Corp is a manufacturer and supplier of electronic components to original-equipment manufacturers, distributors, and electronic manufacturing service providers. The firm operates in three segments: Electronic components, which sells ceramic and tantalum capacitors, film capacitors, and filters; Electronic Devices, which sells ceramic capacitors, sensor products, actuators, and connectors produced by Kyocera, a majority shareholder, and resold by AVX; and Interconnect, which sells Interconnect automotive, telecom, and memory connectors. A majority of the firm's revenue is generated in Asia, and rest in the Americas and Europe.

Executives

Benedict P Rosen

director

28601 CLEMENS RD, WESTLAKE OH 44145