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Zoltek Companies, Inc. (NAS:ZOLT)
Days Inventory
216.52 (As of Dec. 2013)

Zoltek Companies, Inc.'s inventory for the three months ended in Dec. 2013 was \$71.0 Mil. Zoltek Companies, Inc.'s cost of goods sold for the three months ended in Dec. 2013 was \$29.8 Mil. Hence, Zoltek Companies, Inc.'s days inventory for the three months ended in Dec. 2013 was 216.52.

Zoltek Companies, Inc.'s days inventory declined from Dec. 2012 (271.42) to Dec. 2013 (216.52).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory can be measured by Days Sales of Inventory (DSI). Zoltek Companies, Inc.'s days sales of inventory (DSI) for the three months ended in Dec. 2013 was 183.97.

Inventory turnover measures how fast the company turns over its inventory within a year. Zoltek Companies, Inc.'s inventory turnover for the three months ended in Dec. 2013 was 0.42.

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. Zoltek Companies, Inc.'s inventory to revenue ratio for the three months ended in Dec. 2013 was 2.02.

Definition

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

Zoltek Companies, Inc.'s Days Inventory for the fiscal year that ended in Sep. 2013 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 71.945 / 110.621 * 365 = 237.39

Zoltek Companies, Inc.'s Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 71.005 / 29.842 * 91 = 216.52

* 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).

Zoltek Companies, Inc.'s Days Sales of Inventory for the three months ended in Dec. 2013 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 71.005 / 35.123 * 91 = 183.97

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

Zoltek Companies, Inc.'s Inventory Turnover for the three months ended in Dec. 2013 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 29.842 / 71.005 = 0.42

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.

Zoltek Companies, Inc.'s Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

 Inventory to Revenue = Inventory / Revenue = 71.005 / 35.123 = 2.02

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Zoltek Companies, Inc. Annual Data

 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 DaysInventory 324.48 171.09 113.27 94.86 124.01 162.27 120.43 130.44 176.26 237.39

Zoltek Companies, Inc. Quarterly Data

 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 DaysInventory 119.68 142.19 152.41 154.40 181.96 271.42 273.70 306.16 195.79 216.52
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