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GuruFocus has detected 4 Warning Signs with Buckle Inc $BKE.
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Buckle Inc (NYSE:BKE)
Days Inventory
81.00 (As of Jan. 2017)

Buckle Inc's average inventory for the three months ended in Jan. 2017 was $136.9 Mil. Buckle Inc's cost of goods sold for the three months ended in Jan. 2017 was $154.3 Mil. Hence, Buckle Inc's days inventory for the three months ended in Jan. 2017 was 81.00.

BKE' s Days Inventory Range Over the Past 10 Years
Min: 59.21   Max: 88.25
Current: 88.25

59.21
88.25

During the past 13 years, Buckle Inc's highest Days Inventory was 88.25. The lowest was 59.21. And the median was 65.96.

BKE's Days Inventory is ranked higher than
50% of the 868 Companies
in the Global Apparel Stores industry.

( Industry Median: 89.83 vs. BKE: 88.25 )

Buckle Inc's days inventory declined from Jan. 2016 (84.32) to Jan. 2017 (81.00).

Inventory can be measured by Days Sales of Inventory (DSI). Buckle Inc's days sales of inventory (DSI) for the three months ended in Jan. 2017 was 44.64.

Inventory turnover measures how fast the company turns over its inventory within a year. Buckle Inc's inventory turnover for the three months ended in Jan. 2017 was 1.13.

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. Buckle Inc's inventory to revenue ratio for the three months ended in Jan. 2017 was 0.49.


Definition

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

Buckle Inc'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
=( (149.566 + 125.694) / 2 ) / 577.705*365
=137.63 / 577.705*365
=86.96

Buckle Inc's Days Inventory for the quarter that ended in Jan. 2017 is calculated as:

Days Inventory (Q: Jan. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Oct. 2016 ) + Inventory (Q: Jan. 2017 )) / 2 ) / COGS (Q: Jan. 2017 )*Days in Period
=( (148.193 + 125.694) / 2 ) / 154.277*365 / 4
=136.9435 / 154.277*365 / 4
=81.00

* 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).

Buckle Inc's Days Sales of Inventory for the three months ended in Jan. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=136.9435/279.96*365 / 4
=44.64

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

Buckle Inc's Inventory Turnover for the three months ended in Jan. 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.

Buckle Inc's Inventory to Revenue for the three months ended in Jan. 2017 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=136.9435 / 279.96
=0.49

* 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.

Buckle Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysInventory 73.9065.7563.1360.7959.2160.7866.1771.8079.9286.96

Buckle Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysInventory 67.9475.0790.4491.4784.3288.4197.6393.7481.0085.65
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