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GuruFocus has detected 3 Warning Signs with Dick's Sporting Goods Inc $DKS.
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Dick's Sporting Goods Inc (NYSE:DKS)
Days Inventory
126.39 (As of Apr. 2017)

Dick's Sporting Goods Inc's average inventory for the three months ended in Apr. 2017 was $1,778 Mil. Dick's Sporting Goods Inc's cost of goods sold for the three months ended in Apr. 2017 was $1,283 Mil. Hence, Dick's Sporting Goods Inc's days inventory for the three months ended in Apr. 2017 was 126.39.

DKS' s Days Inventory Range Over the Past 10 Years
Min: 95.59   Max: 117.13
Current: 117.13

95.59
117.13

During the past 13 years, Dick's Sporting Goods Inc's highest Days Inventory was 117.13. The lowest was 95.59. And the median was 100.60.

DKS's Days Inventory is ranked lower than
63% of the 909 Companies
in the Global Specialty Retail industry.

( Industry Median: 90.14 vs. DKS: 117.13 )

Dick's Sporting Goods Inc's days inventory declined from Apr. 2016 (128.12) to Apr. 2017 (126.39).

Inventory can be measured by Days Sales of Inventory (DSI). Dick's Sporting Goods Inc's days sales of inventory (DSI) for the three months ended in Apr. 2017 was 88.87.

Inventory turnover measures how fast the company turns over its inventory within a year. Dick's Sporting Goods Inc's inventory turnover for the three months ended in Apr. 2017 was 0.72.

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. Dick's Sporting Goods Inc's inventory to revenue ratio for the three months ended in Apr. 2017 was 0.97.


Definition

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

Dick's Sporting Goods 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
=( (1527.187 + 1638.632) / 2 ) / 5556.198*365
=1582.9095 / 5556.198*365
=103.99

Dick's Sporting Goods Inc'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
=( (1638.632 + 1916.508) / 2 ) / 1283.387*365 / 4
=1777.57 / 1283.387*365 / 4
=126.39

* 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).

Dick's Sporting Goods Inc'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
=1777.57/1825.252*365 / 4
=88.87

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

Dick's Sporting Goods Inc'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.

Dick's Sporting Goods Inc's Inventory to Revenue for the three months ended in Apr. 2017 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=1777.57 / 1825.252
=0.97

* 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.

Dick's Sporting Goods Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysInventory 102.19107.9299.9695.5996.4796.3599.53101.24104.66103.99

Dick's Sporting Goods Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysInventory 98.03125.45116.43142.81102.54128.12115.14138.1696.52126.39
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