Days Inventory is also known as Days Sales of Inventory (DSI). Rite Aid's Average Total Inventories for the
three
months ended in Aug. 2023 was $1,972 Mil. Rite Aid's Cost of Goods Sold for the
three
months ended in Aug. 2023 was $4,550 Mil.
Hence, Rite Aid's Days Inventory for the
three
months ended in Aug. 2023 was 39.55.
The historical rank and industry rank for Rite Aid's Days Inventory or its related term are showing as below:
RADCQ'
s Days Inventory Range Over the Past 10 Years
Min: 35.73 Med: 39.88 Max: 64.54
Current: 38.36
During the past 13 years, Rite Aid's highest Days Inventory was 64.54. The lowest was 35.73. And the median was 39.88.
RADCQ's Days Inventory is ranked worse than 55.74% of 470
companies
in the Healthcare Providers & Services industry
Industry Median: 32.305
vs RADCQ: 38.36
Rite Aid's Days Inventory
increased
from Aug. 2022 (38.46) to Aug. 2023 (39.55).
It might indicate that Rite Aid's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Rite Aid's Inventory Turnover for the
three
months ended in Aug. 2023 was 2.31.
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.
Rite Aid's Inventory-to-Revenue for the
three
months ended in Aug. 2023 was 0.35.
Rite Aid Days Inventory Historical Data
The historical data trend for Rite Aid'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 Rite Aid's Days Inventory
For the Pharmaceutical Retailers subindustry, Rite Aid'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.
Rite Aid's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's Days Inventory distribution charts can be found below:
* The bar in red indicates where Rite Aid's Days Inventory falls into.
Rite Aid Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Rite Aid's Days Inventory for the fiscal year that ended in Feb. 2023 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.
Rite Aid (OTCPK:RADCQ) 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.
Rite Aid's Inventory Turnover for the
three
months ended in Aug. 2023 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.
Rite Aid's Inventory to Revenue for the
three
months ended in Aug. 2023 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.
Rite Aid Days Inventory Related Terms
Thank you for viewing the detailed overview of Rite Aid's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.
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