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Premier Exhibitions Inc (NAS:PRXI)
Days Inventory
23.64 (As of May. 2014)

Premier Exhibitions Inc's inventory for the three months ended in May. 2014 was \$1.15 Mil. Premier Exhibitions Inc's cost of goods sold for the three months ended in May. 2014 was \$4.41 Mil. Hence, Premier Exhibitions Inc's days inventory for the three months ended in May. 2014 was 23.64.

Premier Exhibitions Inc's days inventory declined from May. 2013 (32.44) to May. 2014 (23.64).

Inventory can be measured by Days Sales of Inventory (DSI). Premier Exhibitions Inc's days sales of inventory (DSI) for the three months ended in May. 2014 was 13.91.

Inventory turnover measures how fast the company turns over its inventory within a year. Premier Exhibitions Inc's inventory turnover for the three months ended in May. 2014 was 3.85.

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. Premier Exhibitions Inc's inventory to revenue ratio for the three months ended in May. 2014 was 0.15.

Definition

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

Premier Exhibitions Inc's Days Inventory for the fiscal year that ended in Feb. 2014 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 1.206 / 15.368 * 365 = 28.64

Premier Exhibitions Inc's Days Inventory for the quarter that ended in May. 2014 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 1.145 / 4.407 * 91 = 23.64

* 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).

Premier Exhibitions Inc's Days Sales of Inventory for the three months ended in May. 2014 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 1.145 / 7.491 * 91 = 13.91

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

Premier Exhibitions Inc's Inventory Turnover for the three months ended in May. 2014 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 4.407 / 1.145 = 3.85

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.

Premier Exhibitions Inc's Inventory to Revenue for the three months ended in May. 2014 is calculated as

 Inventory to Revenue = Inventory / Revenue = 1.145 / 7.491 = 0.15

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Premier Exhibitions Inc Annual Data

 Feb05 Feb06 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 DaysInventory 0.00 0.00 0.00 5.07 5.04 12.81 8.20 22.88 23.46 28.64

Premier Exhibitions Inc Quarterly Data

 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 DaysInventory 22.23 24.26 25.43 28.13 28.17 32.44 33.20 29.70 28.40 23.64
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