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Toll Brothers Inc (NYSE:TOL)
Days Inventory
571.71 (As of Oct. 2015)

Toll Brothers Inc's average inventory for the three months ended in Oct. 2015 was $6,994 Mil. Toll Brothers Inc's cost of goods sold for the three months ended in Oct. 2015 was $1,116 Mil. Hence, Toll Brothers Inc's days inventory for the three months ended in Oct. 2015 was 571.71.

TOL' s Days Inventory Range Over the Past 10 Years
Min: 462.81   Max: 963.83
Current: 755.41

462.81
963.83

During the past 13 years, Toll Brothers Inc's highest Days Inventory was 963.83. The lowest was 462.81. And the median was 701.69.

TOL's Days Inventory is ranked lower than
99% of the 694 Companies
in the Global Residential Construction industry.

( Industry Median: 81.38 vs. TOL: 755.41 )

Toll Brothers Inc's days inventory increased from Oct. 2014 (561.81) to Oct. 2015 (571.71). It might indicate that Toll Brothers Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Toll Brothers Inc's days sales of inventory (DSI) for the three months ended in Oct. 2015 was 444.07.

Inventory turnover measures how fast the company turns over its inventory within a year. Toll Brothers Inc's inventory turnover for the three months ended in Oct. 2015 was 0.16.

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. Toll Brothers Inc's inventory to revenue ratio for the three months ended in Oct. 2015 was 4.87.


Definition

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

Toll Brothers Inc's Days Inventory for the fiscal year that ended in Oct. 2015 is calculated as

Days Inventory (A: Oct. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Oct. 2014 ) + Inventory (A: Oct. 2015 )) / 2 ) / COGS (A: Oct. 2015 )*Days in Period
=( (6490.321 + 6997.516) / 2 ) / 3269.27*365
=6743.9185 / 3269.27*365
=752.93

Toll Brothers Inc's Days Inventory for the quarter that ended in Oct. 2015 is calculated as:

Days Inventory (Q: Oct. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jul. 2015 ) + Inventory (Q: Oct. 2015 )) / 2 ) / COGS (Q: Oct. 2015 )*Days in Period
=( (6990.878 + 6997.516) / 2 ) / 1116.332*365 / 4
=6994.197 / 1116.332*365 / 4
=571.71

* 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).

Toll Brothers Inc's Days Sales of Inventory for the three months ended in Oct. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=6994.197/1437.202*365 / 4
=444.07

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

Toll Brothers Inc's Inventory Turnover for the three months ended in Oct. 2015 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.

Toll Brothers Inc's Inventory to Revenue for the three months ended in Oct. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=6994.197 / 1437.202
=4.87

* 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.

Toll Brothers Inc Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
DaysInventory 462.81517.25567.43683.78847.83963.83855.02719.60659.73752.93

Toll Brothers Inc Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
DaysInventory 743.63508.67877.48781.44733.69561.81920.72897.81759.05571.71
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