Days Inventory is also known as Days Sales of Inventory (DSI). Joy Global's Average Total Inventories for the
three
months ended in Jan. 2017 was $826 Mil. Joy Global's Cost of Goods Sold for the
three
months ended in Jan. 2017 was $389 Mil.
Hence, Joy Global's Days Inventory for the
three
months ended in Jan. 2017 was 193.62.
The historical rank and industry rank for Joy Global's Days Inventory or its related term are showing as below:
JOY's Days Inventory is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 135.11 * Ranked among companies with meaningful Days Inventory only.
Joy Global's Days Inventory
declined
from Jan. 2016 (205.15) to Jan. 2017 (193.62).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Joy Global's Inventory Turnover for the
three
months ended in Jan. 2017 was 0.47.
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.
Joy Global's Inventory-to-Revenue for the
three
months ended in Jan. 2017 was 1.66.
Joy Global Days Inventory Historical Data
The historical data trend for Joy Global'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.
Competitive Comparison of Joy Global's Days Inventory
For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.
Joy Global's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where Joy Global's Days Inventory falls into.
Joy Global Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Joy Global's Days Inventory for the fiscal year that ended in Oct. 2016 is calculated as
* 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.
Joy Global (NYSE:JOY) 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.
Joy Global's Inventory Turnover for the
three
months ended in Jan. 2017 is calculated as
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.
Joy Global's Inventory to Revenue for the
three
months ended in Jan. 2017 is calculated as
* 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.
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.
Joy Global Days Inventory Related Terms
Thank you for viewing the detailed overview of Joy Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.
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