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Xerox Corp (NYSE:XRX)
Days Inventory
30.04 (As of Mar. 2016)

Xerox Corp's average inventory for the three months ended in Mar. 2016 was $988 Mil. Xerox Corp's cost of goods sold for the three months ended in Mar. 2016 was $3,001 Mil. Hence, Xerox Corp's days inventory for the three months ended in Mar. 2016 was 30.04.

XRX' s Days Inventory Range Over the Past 10 Years
Min: 24.33   Max: 47.25
Current: 29.68

24.33
47.25

During the past 13 years, Xerox Corp's highest Days Inventory was 47.25. The lowest was 24.33. And the median was 26.66.

XRX's Days Inventory is ranked lower than
61% of the 1067 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.70 vs. XRX: 29.68 )

Xerox Corp's days inventory increased from Mar. 2015 (28.83) to Mar. 2016 (30.04). It might indicate that Xerox Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Xerox Corp's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 21.06.

Inventory turnover measures how fast the company turns over its inventory within a year. Xerox Corp's inventory turnover for the three months ended in Mar. 2016 was 3.04.

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. Xerox Corp's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.23.


Definition

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

Xerox Corp'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
=( (934 + 942) / 2 ) / 12782*365
=938 / 12782*365
=26.79

Xerox Corp'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
=( (942 + 1034) / 2 ) / 3001*365 / 4
=988 / 3001*365 / 4
=30.04

* 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).

Xerox Corp'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
=988/4281*365 / 4
=21.06

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

Xerox Corp's Inventory Turnover for the three months ended in Mar. 2016 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.

Xerox Corp's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

* 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.

Xerox Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 47.2545.2244.3143.8024.3324.5324.4624.7926.5226.79

Xerox Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 36.9228.5128.8430.1026.7428.8330.0129.7529.2830.04
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