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Oil-Dri Corp of America (NYSE:ODC)
Days Inventory
43.78 (As of Jan. 2016)

Oil-Dri Corp of America's average inventory for the three months ended in Jan. 2016 was $22.2 Mil. Oil-Dri Corp of America's cost of goods sold for the three months ended in Jan. 2016 was $46.3 Mil. Hence, Oil-Dri Corp of America's days inventory for the three months ended in Jan. 2016 was 43.78.

ODC' s Days Inventory Range Over the Past 10 Years
Min: 30.99   Max: 41.58
Current: 43.02

30.99
41.58

During the past 13 years, Oil-Dri Corp of America's highest Days Inventory was 41.58. The lowest was 30.99. And the median was 36.43.

ODC's Days Inventory is ranked higher than
75% of the 1004 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 67.79 vs. ODC: 43.02 )

Oil-Dri Corp of America's days inventory declined from Jan. 2015 (44.32) to Jan. 2016 (43.78).

Inventory can be measured by Days Sales of Inventory (DSI). Oil-Dri Corp of America's days sales of inventory (DSI) for the three months ended in Jan. 2016 was 31.01.

Inventory turnover measures how fast the company turns over its inventory within a year. Oil-Dri Corp of America's inventory turnover for the three months ended in Jan. 2016 was 2.08.

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. Oil-Dri Corp of America's inventory to revenue ratio for the three months ended in Jan. 2016 was 0.34.


Definition

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

Oil-Dri Corp of America's Days Inventory for the fiscal year that ended in Jul. 2015 is calculated as

Days Inventory (A: Jul. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jul. 2014 ) + Inventory (A: Jul. 2015 )) / 2 ) / COGS (A: Jul. 2015 )*Days in Period
=( (24.483 + 21.369) / 2 ) / 201.245*365
=22.926 / 201.245*365
=41.58

Oil-Dri Corp of America's Days Inventory for the quarter that ended in Jan. 2016 is calculated as:

Days Inventory (Q: Jan. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Oct. 2015 ) + Inventory (Q: Jan. 2016 )) / 2 ) / COGS (Q: Jan. 2016 )*Days in Period
=( (21.486 + 22.949) / 2 ) / 46.305*365 / 4
=22.2175 / 46.305*365 / 4
=43.78

* 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).

Oil-Dri Corp of America's Days Sales of Inventory for the three months ended in Jan. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=22.2175/65.367*365 / 4
=31.01

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

Oil-Dri Corp of America's Inventory Turnover for the three months ended in Jan. 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.

Oil-Dri Corp of America's Inventory to Revenue for the three months ended in Jan. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=22.2175 / 65.367
=0.34

* 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.

Oil-Dri Corp of America Annual Data

Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15
DaysInventory 30.9933.9232.3134.7136.4436.4139.0840.0539.9241.58

Oil-Dri Corp of America Quarterly Data

Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16
DaysInventory 41.7739.2440.1741.5542.6144.3243.0942.6941.4843.78
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