Switch to:
Teck Resources Ltd (NYSE:TCK)
Days Inventory
90.05 (As of Mar. 2016)

Teck Resources Ltd's average inventory for the three months ended in Mar. 2016 was $1,151 Mil. Teck Resources Ltd's cost of goods sold for the three months ended in Mar. 2016 was $1,167 Mil. Hence, Teck Resources Ltd's days inventory for the three months ended in Mar. 2016 was 90.05.

TCK' s Days Inventory Range Over the Past 10 Years
Min: 82.9   Max: 103.19
Current: 92.07

82.9
103.19

During the past 13 years, Teck Resources Ltd's highest Days Inventory was 103.19. The lowest was 82.90. And the median was 90.11.

TCK's Days Inventory is ranked lower than
60% of the 634 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 73.03 vs. TCK: 92.07 )

Teck Resources Ltd's days inventory declined from Mar. 2015 (101.57) to Mar. 2016 (90.05).

Inventory can be measured by Days Sales of Inventory (DSI). Teck Resources Ltd's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 81.83.

Inventory turnover measures how fast the company turns over its inventory within a year. Teck Resources Ltd's inventory turnover for the three months ended in Mar. 2016 was 1.01.

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. Teck Resources Ltd's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.90.


Definition

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

Teck Resources Ltd'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
=( (1519.25078044 + 1181.36075257) / 2 ) / 5090.06052651*365
=1350.3057665 / 5090.06052651*365
=96.83

Teck Resources Ltd's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (1181.36075257 + 1121.27627401) / 2 ) / 1166.64146378*365 / 4
=1151.31851329 / 1166.64146378*365 / 4
=90.05

* 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).

Teck Resources Ltd's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=1151.31851329/1283.83487071*365 / 4
=81.83

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

Teck Resources Ltd's Inventory Turnover for the three months ended in Mar. 2016 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Inventory
=1166.64146378 / 1151.31851329
=1.01

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.

Teck Resources Ltd's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=1151.31851329 / 1283.83487071
=0.90

* 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.

Teck Resources Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 93.8790.43113.4392.4384.0383.5084.5094.7592.6396.83

Teck Resources Ltd Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 87.3195.5590.6988.6391.10101.5799.0299.8686.4990.05
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK