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STMicroelectronics NV (NYSE:STM)
Days Inventory
97.88 (As of Jun. 2014)

STMicroelectronics NV's inventory for the three months ended in Jun. 2014 was $1,323 Mil. STMicroelectronics NV's cost of goods sold for the three months ended in Jun. 2014 was $1,230 Mil. Hence, STMicroelectronics NV's days inventory for the three months ended in Jun. 2014 was 97.88.

STMicroelectronics NV's days inventory increased from Jun. 2013 (88.55) to Jun. 2014 (97.88). It might indicate that STMicroelectronics NV's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). STMicroelectronics NV's days sales of inventory (DSI) for the three months ended in Jun. 2014 was 64.59.

Inventory turnover measures how fast the company turns over its inventory within a year. STMicroelectronics NV's inventory turnover for the three months ended in Jun. 2014 was 0.93.

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. STMicroelectronics NV's inventory to revenue ratio for the three months ended in Jun. 2014 was 0.71.


Definition

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

STMicroelectronics NV's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=1353/5710*365
=86.49

STMicroelectronics NV's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=1323/1230*91
=97.88

* 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).

STMicroelectronics NV's Days Sales of Inventory for the three months ended in Jun. 2014 is calculated as

Days Sales of Inventory (DSI)=Inventory/Revenue*Days in Period
=1323/1864*91
=64.59

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

STMicroelectronics NV's Inventory Turnover for the three months ended in Jun. 2014 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.

STMicroelectronics NV's Inventory to Revenue for the three months ended in Jun. 2014 is calculated as

Inventory to Revenue=Inventory / Revenue
=1323 / 1864
=0.71

* 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.

STMicroelectronics NV Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysInventory 88.6888.1194.4976.44106.9179.0986.3190.7086.4989.18

STMicroelectronics NV Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysInventory 96.5795.9695.5784.0486.0688.5587.9989.8698.7997.88
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