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GuruFocus has detected 5 Warning Signs with Campbell Soup Co $CPB.
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Campbell Soup Co (NYSE:CPB)
Days Inventory
62.55 (As of Apr. 2017)

Campbell Soup Co's average inventory for the three months ended in Apr. 2017 was $806 Mil. Campbell Soup Co's cost of goods sold for the three months ended in Apr. 2017 was $1,175 Mil. Hence, Campbell Soup Co's days inventory for the three months ended in Apr. 2017 was 62.55.

CPB' s Days Inventory Range Over the Past 10 Years
Min: 58.19   Max: 69.25
Current: 63.13

58.19
69.25

During the past 13 years, Campbell Soup Co's highest Days Inventory was 69.25. The lowest was 58.19. And the median was 63.26.

CPB's Days Inventory is ranked higher than
51% of the 1510 Companies
in the Global Packaged Foods industry.

( Industry Median: 63.77 vs. CPB: 63.13 )

Campbell Soup Co's days inventory declined from Apr. 2016 (63.50) to Apr. 2017 (62.55).

Inventory can be measured by Days Sales of Inventory (DSI). Campbell Soup Co's days sales of inventory (DSI) for the three months ended in Apr. 2017 was 39.67.

Inventory turnover measures how fast the company turns over its inventory within a year. Campbell Soup Co's inventory turnover for the three months ended in Apr. 2017 was 1.46.

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. Campbell Soup Co's inventory to revenue ratio for the three months ended in Apr. 2017 was 0.43.


Definition

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

Campbell Soup Co's Days Inventory for the fiscal year that ended in Jul. 2016 is calculated as

Days Inventory (A: Jul. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Jul. 2015 ) + Inventory (A: Jul. 2016 )) / 2 ) / COGS (A: Jul. 2016 )*Days in Period
=( (995 + 940) / 2 ) / 5181*365
=967.5 / 5181*365
=68.16

Campbell Soup 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
=( (820 + 791) / 2 ) / 1175*365 / 4
=805.5 / 1175*365 / 4
=62.55

* 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).

Campbell Soup 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
=805.5/1853*365 / 4
=39.67

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

Campbell Soup 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.

Campbell Soup Co's Inventory to Revenue for the three months ended in Apr. 2017 is calculated as

* 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.

Campbell Soup Co Annual Data

Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15Jul16
DaysInventory 62.5760.6466.1962.4263.9561.9258.1966.8769.2568.16

Campbell Soup Co Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysInventory 61.8467.1375.4864.4062.8663.5070.7463.8360.4762.55
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