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GuruFocus has detected 5 Warning Signs with Daktronics Inc $DAKT.
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Daktronics Inc (NAS:DAKT)
Days Inventory
61.99 (As of Jan. 2017)

Daktronics Inc's average inventory for the three months ended in Jan. 2017 was $62.8 Mil. Daktronics Inc's cost of goods sold for the three months ended in Jan. 2017 was $92.4 Mil. Hence, Daktronics Inc's days inventory for the three months ended in Jan. 2017 was 61.99.

DAKT' s Days Inventory Range Over the Past 10 Years
Min: 43.73   Max: 54.54
Current: 54.37

43.73
54.54

During the past 13 years, Daktronics Inc's highest Days Inventory was 54.54. The lowest was 43.73. And the median was 49.39.

DAKT's Days Inventory is ranked higher than
65% of the 2193 Companies
in the Global Computer Systems industry.

( Industry Median: 71.23 vs. DAKT: 54.37 )

Daktronics Inc's days inventory increased from Jan. 2016 (61.93) to Jan. 2017 (61.99). It might indicate that Daktronics Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Daktronics Inc's days sales of inventory (DSI) for the three months ended in Jan. 2017 was 49.50.

Inventory turnover measures how fast the company turns over its inventory within a year. Daktronics Inc's inventory turnover for the three months ended in Jan. 2017 was 1.47.

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. Daktronics Inc's inventory to revenue ratio for the three months ended in Jan. 2017 was 0.54.


Definition

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

Daktronics Inc's Days Inventory for the fiscal year that ended in Apr. 2016 is calculated as

Days Inventory (A: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Apr. 2015 ) + Inventory (A: Apr. 2016 )) / 2 ) / COGS (A: Apr. 2016 )*Days in Period
=( (64.389 + 69.827) / 2 ) / 449.149*365
=67.108 / 449.149*365
=54.54

Daktronics 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
=( (63.632 + 61.922) / 2 ) / 92.403*365 / 4
=62.777 / 92.403*365 / 4
=61.99

* 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).

Daktronics 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
=62.777/115.719*365 / 4
=49.50

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

Daktronics 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.

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

Inventory to Revenue=Average Inventory / Revenue
=62.777 / 115.719
=0.54

* 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.

Daktronics Inc Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
DaysInventory 45.7649.9543.7353.2145.6349.4149.3649.5049.0254.54

Daktronics Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysInventory 43.1063.9749.0454.2552.8361.9357.2153.4848.0061.99
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