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Forest Laboratories (FRA:FQX) Days Inventory : 193.07 (As of Mar. 2014)


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What is Forest Laboratories Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Forest Laboratories's Average Total Inventories for the three months ended in Mar. 2014 was €381 Mil. Forest Laboratories's Cost of Goods Sold for the three months ended in Mar. 2014 was €180 Mil. Hence, Forest Laboratories's Days Inventory for the three months ended in Mar. 2014 was 193.07.

The historical rank and industry rank for Forest Laboratories's Days Inventory or its related term are showing as below:

FRA:FQX' s Days Inventory Range Over the Past 10 Years
Min: 137.04   Med: 283.8   Max: 414.25
Current: 229.58

During the past 13 years, Forest Laboratories's highest Days Inventory was 414.25. The lowest was 137.04. And the median was 283.80.

FRA:FQX's Days Inventory is not ranked
in the Drug Manufacturers industry.
Industry Median: 159.275 vs FRA:FQX: 229.58

Forest Laboratories's Days Inventory declined from Mar. 2013 (197.76) to Mar. 2014 (193.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Forest Laboratories's Inventory Turnover for the three months ended in Mar. 2014 was 0.47.

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. Forest Laboratories's Inventory-to-Revenue for the three months ended in Mar. 2014 was 0.48.


Forest Laboratories Days Inventory Historical Data

The historical data trend for Forest Laboratories's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forest Laboratories Days Inventory Chart

Forest Laboratories Annual Data
Trend Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 173.11 176.99 132.25 192.94 247.91

Forest Laboratories Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 197.76 237.56 265.80 234.75 193.07

Competitive Comparison of Forest Laboratories's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Forest Laboratories's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forest Laboratories's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Forest Laboratories's Days Inventory distribution charts can be found below:

* The bar in red indicates where Forest Laboratories's Days Inventory falls into.



Forest Laboratories Days Inventory Calculation

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

Forest Laboratories's Days Inventory for the fiscal year that ended in Mar. 2014 is calculated as

Days Inventory (A: Mar. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2013 ) + Total Inventories (A: Mar. 2014 )) / count ) / Cost of Goods Sold (A: Mar. 2014 )*Days in Period
=( (304.092 + 442.956) / 2 ) / 549.944*365
=373.524 / 549.944*365
=247.91

Forest Laboratories's Days Inventory for the quarter that ended in Mar. 2014 is calculated as:

Days Inventory (Q: Mar. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2013 ) + Total Inventories (Q: Mar. 2014 )) / count ) / Cost of Goods Sold (Q: Mar. 2014 )*Days in Period
=( (319.741 + 442.956) / 2 ) / 180.235*365 / 4
=381.3485 / 180.235*365 / 4
=193.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Forest Laboratories  (FRA:FQX) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Forest Laboratories's Inventory Turnover for the three months ended in Mar. 2014 is calculated as

2. 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.

Forest Laboratories's Inventory to Revenue for the three months ended in Mar. 2014 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange 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.


Forest Laboratories Days Inventory Related Terms

Thank you for viewing the detailed overview of Forest Laboratories's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Forest Laboratories (FRA:FQX) Business Description

Traded in Other Exchanges
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Address
Forest Laboratories, Inc. is a Delaware corporation organized in 1956. The Company develops, manufactures and sells branded forms of ethical drug products most of which require a physician's prescription. The Company's most important United States products are marketed directly, or 'detailed,' to physicians by its salesforces. It emphasizes detailing to physicians of those branded ethical drugs which have the most potential for growth and benefit to patients. The Company also develops and introduces new products, including products developed in collaboration with licensing partners. The Company's products include those developed by it and those acquired from other pharmaceutical companies and integrated into its marketing and distribution systems. It actively promotes in the United States those branded products which have the most potential for growth and patient benefit, and which enable its salesforces to concentrate on groups of physicians who are high prescribers of its products. Such products include: Lexapro, its SSRI for the treatment of major depression in adults and adolescents and GAD in adults; Namenda, its NMDA antagonist for the treatment of moderate and severe Alzheimer's disease; Bystolic, its beta-blocker for the treatment of hypertension; and Savella, its newest product, an SNRI for the management of fibromyalgia. The Company's United Kingdom and Ireland subsidiaries sell both ethical products and over-the-counter preparations. Their most important products include Sudocrem, a topical preparation for the treatment of diaper rash; Colomycin, an antibiotic used in the treatment of cystic fibrosis; Infacol, used to treat infant colic; and Exorex, used in the treatment of eczema and psoriasis. The pharmaceutical industry is subject to comprehensive government regulation which substantially increases the difficulty and cost incurred in obtaining the approval to market newly proposed drug products and maintaining the approval to market existing drugs.

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