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Primo Water Corp (NAS:PRMW)
Days Inventory
31.30 (As of Sep. 2016)

Primo Water Corp's average inventory for the three months ended in Sep. 2016 was $8.4 Mil. Primo Water Corp's cost of goods sold for the three months ended in Sep. 2016 was $24.4 Mil. Hence, Primo Water Corp's days inventory for the three months ended in Sep. 2016 was 31.30.

PRMW' s Days Inventory Range Over the Past 10 Years
Min: 21.97   Max: 37.15
Current: 28.88

21.97
37.15

During the past 8 years, Primo Water Corp's highest Days Inventory was 37.15. The lowest was 21.97. And the median was 29.99.

PRMW's Days Inventory is ranked higher than
87% of the 99 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 53.20 vs. PRMW: 28.88 )

Primo Water Corp's days inventory declined from Sep. 2015 (31.93) to Sep. 2016 (31.30).

Inventory can be measured by Days Sales of Inventory (DSI). Primo Water Corp's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 21.54.

Inventory turnover measures how fast the company turns over its inventory within a year. Primo Water Corp's inventory turnover for the three months ended in Sep. 2016 was 2.92.

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. Primo Water Corp's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.24.


Definition

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

Primo Water Corp's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (6.826 + 7.092) / 2 ) / 92.476*365
=6.959 / 92.476*365
=27.47

Primo Water Corp's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (8.409 + 8.352) / 2 ) / 24.435*365 / 4
=8.3805 / 24.435*365 / 4
=31.30

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Primo Water Corp's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=8.3805/35.504*365 / 4
=21.54

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

Primo Water Corp's Inventory Turnover for the three months ended in Sep. 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.

Primo Water Corp's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Primo Water Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 0.000.0033.4221.9729.3428.8236.2137.1530.6427.47

Primo Water Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 31.3837.2629.4526.8227.4431.9331.4823.8125.3031.30
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