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GuruFocus has detected 3 Warning Signs with Abercrombie & Fitch Co $ANF.
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Abercrombie & Fitch Co (NYSE:ANF)
Days Inventory
138.97 (As of Apr. 2017)

Abercrombie & Fitch Co's average inventory for the three months ended in Apr. 2017 was $399 Mil. Abercrombie & Fitch Co's cost of goods sold for the three months ended in Apr. 2017 was $262 Mil. Hence, Abercrombie & Fitch Co's days inventory for the three months ended in Apr. 2017 was 138.97.

ANF' s Days Inventory Range Over the Past 10 Years
Min: 101.58   Max: 126.43
Current: 123.68

101.58
126.43

During the past 13 years, Abercrombie & Fitch Co's highest Days Inventory was 126.43. The lowest was 101.58. And the median was 118.42.

ANF's Days Inventory is ranked lower than
66% of the 905 Companies
in the Global Apparel Stores industry.

( Industry Median: 90.14 vs. ANF: 123.68 )

Abercrombie & Fitch Co's days inventory declined from Apr. 2016 (153.22) to Apr. 2017 (138.97).

Inventory can be measured by Days Sales of Inventory (DSI). Abercrombie & Fitch Co's days sales of inventory (DSI) for the three months ended in Apr. 2017 was 55.11.

Inventory turnover measures how fast the company turns over its inventory within a year. Abercrombie & Fitch Co's inventory turnover for the three months ended in Apr. 2017 was 0.66.

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. Abercrombie & Fitch Co's inventory to revenue ratio for the three months ended in Apr. 2017 was 0.60.


Definition

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

Abercrombie & Fitch Co's Days Inventory for the fiscal year that ended in Jan. 2017 is calculated as

Days Inventory (A: Jan. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jan. 2016 ) + Inventory (A: Jan. 2017 )) / 2 ) / COGS (A: Jan. 2017 )*Days in Period
=( (436.701 + 399.795) / 2 ) / 1298.172*365
=418.248 / 1298.172*365
=117.60

Abercrombie & Fitch Co's Days Inventory for the quarter that ended in Apr. 2017 is calculated as:

Days Inventory (Q: Apr. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jan. 2017 ) + Inventory (Q: Apr. 2017 )) / 2 ) / COGS (Q: Apr. 2017 )*Days in Period
=( (399.795 + 398.75) / 2 ) / 262.174*365 / 4
=399.2725 / 262.174*365 / 4
=138.97

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Abercrombie & Fitch Co's Days Sales of Inventory for the three months ended in Apr. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=399.2725/661.099*365 / 4
=55.11

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

Abercrombie & Fitch Co's Inventory Turnover for the three months ended in Apr. 2017 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.

Abercrombie & Fitch Co's Inventory to Revenue for the three months ended in Apr. 2017 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=399.2725 / 661.099
=0.60

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Abercrombie & Fitch Co Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysInventory 112.08111.68119.29101.58120.97119.24113.32126.43120.34117.60

Abercrombie & Fitch Co Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysInventory 112.41138.13136.27154.59108.50153.22132.50142.2199.18138.97
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