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Twin Disc Inc (NAS:TWIN)
Days Inventory
209.69 (As of Sep. 2014)

Twin Disc Inc's average inventory for the three months ended in Sep. 2014 was $97.5 Mil. Twin Disc Inc's cost of goods sold for the three months ended in Sep. 2014 was $42.4 Mil. Hence, Twin Disc Inc's days inventory for the three months ended in Sep. 2014 was 209.69.

Twin Disc Inc's days inventory increased from Sep. 2013 (205.28) to Sep. 2014 (209.69). It might indicate that Twin Disc Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Twin Disc Inc's days sales of inventory (DSI) for the three months ended in Sep. 2014 was 137.27.

Inventory turnover measures how fast the company turns over its inventory within a year. Twin Disc Inc's inventory turnover for the three months ended in Sep. 2014 was 0.44.

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. Twin Disc Inc's inventory to revenue ratio for the three months ended in Sep. 2014 was 1.50.


Definition

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

Twin Disc Inc's Days Inventory for the fiscal year that ended in Jun. 2014 is calculated as

Days Inventory (A: Jun. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jun. 2013 ) + Inventory (A: Jun. 2014 )) / 2 ) / COGS (A: Jun. 2014 )*Days in Period
=( (102.774 + 97.579) / 2 ) / 186.655*365
=100.1765 / 186.655*365
=195.89

Twin Disc Inc's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

Days Inventory (Q: Sep. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2014 ) + Inventory (Q: Sep. 2014 )) / 2 ) / COGS (Q: Sep. 2014 )*Days in Period
=( (97.579 + 97.452) / 2 ) / 42.435*365 / 4
=97.5155 / 42.435*365 / 4
=209.69

* 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).

Twin Disc Inc's Days Sales of Inventory for the three months ended in Sep. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=97.5155/64.824*365 / 4
=137.27

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

Twin Disc Inc's Inventory Turnover for the three months ended in Sep. 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.

Twin Disc Inc's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=97.5155 / 64.824
=1.50

* 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.

Twin Disc Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
DaysInventory 113.95122.71120.37139.95161.92180.38154.80157.63183.12195.89

Twin Disc Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysInventory 148.53199.58210.83208.74178.00205.28210.10214.44177.61209.69
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