Swift Transportation Co (Swift Transportation Co) Days Inventory : 2.57 (As of Jun. 2017)

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What is Swift Transportation Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Swift Transportation Co's Average Total Inventories for the three months ended in Jun. 2017 was $17 Mil. Swift Transportation Co's Cost of Goods Sold for the three months ended in Jun. 2017 was $593 Mil. Hence, Swift Transportation Co's Days Inventory for the three months ended in Jun. 2017 was 2.57.

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

SWFT's Days Inventory is not ranked ^*
in the Transportation industry.
Industry Median: 11.4
* Ranked among companies with meaningful Days Inventory only.

Swift Transportation Co's Days Inventory declined from Jun. 2016 (2.67) to Jun. 2017 (2.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Swift Transportation Co's Inventory Turnover for the three months ended in Jun. 2017 was 35.56.

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. Swift Transportation Co's Inventory-to-Revenue for the three months ended in Jun. 2017 was 0.02.

Swift Transportation Co Days Inventory Historical Data

The historical data trend for Swift Transportation Co'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.

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Swift Transportation Co Days Inventory Chart

Swift Transportation Co Annual Data

Trend

Dec05

Dec06

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Inventory

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2.53

2.49

2.72

2.69

Swift Transportation Co Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Days Inventory	Get a 7-Day Free Trial															2.67	2.38	2.45	2.54	2.57

Competitive Comparison of Swift Transportation Co's Days Inventory

For the Trucking subindustry, Swift Transportation Co'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.

Swift Transportation Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Swift Transportation Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Swift Transportation Co's Days Inventory falls into.

Swift Transportation Co Days Inventory Calculation

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

Swift Transportation Co's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

	Days Inventory (A: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (18.426	+	16.63)	/	2 )	/	2374.425	*	365
=	17.528					/	2374.425	*	365
=	2.69

Swift Transportation Co's Days Inventory for the quarter that ended in Jun. 2017 is calculated as:

	Days Inventory (Q: Jun. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2017 )	+	Total Inventories (Q: Jun. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
=	( (16.663	+	16.699)	/	2 )	/	593.155	*	365 / 4
=	16.681					/	593.155	*	365 / 4
=	2.57

Swift Transportation Co (NYSE:SWFT) 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.

Swift Transportation Co's Inventory Turnover for the three months ended in Jun. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	593.155	/	16.681
	=	35.56

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.

Swift Transportation Co's Inventory to Revenue for the three months ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.681	/	993.058
	=	0.02

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.

Swift Transportation Co Days Inventory Related Terms

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

Swift Transportation Co (Swift Transportation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Swift Transportation Co (NYSE:SWFT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.swifttrans.com

Swift Transportation is the largest full-truckload carrier (74% of revenue) in the United States, with an effective fleet of more than 19,000 tractors across all its divisions, when including owner-operators. Following its acquisition of Central Refrigerated in 2013, it ranks among the top 10 temperature-controlled providers (8%). Swift also offers intermodal (9%), which competes with the likes of J.B. Hunt. In December 2010, Swift came public for a second time; founder Jerry Moyes had taken it private in 2007.

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