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The Middleby Days Inventory

: 129.19 (As of Sep. 2020)
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The Middleby's Total Inventories for the three months ended in Sep. 2020 was $583 Mil. The Middleby's Cost of Goods Sold for the three months ended in Sep. 2020 was $412 Mil. Hence, The Middleby's Days Inventory for the three months ended in Sep. 2020 was 129.19.

NAS:MIDD' s Days Inventory Range Over the Past 10 Years
Min: 77.6   Med: 91.84   Max: 131.8
Current: 131.8

77.6
131.8

During the past 13 years, The Middleby's highest Days Inventory was 131.80. The lowest was 77.60. And the median was 91.84.

NAS:MIDD's Days Inventory is ranked lower than
57% of the 2434 Companies
in the Industrial Products industry.

( Industry Median: 116.04 vs. NAS:MIDD: 131.80 )

The Middleby's Days Inventory increased from Sep. 2019 (123.21) to Sep. 2020 (129.19). It might indicate that The Middleby's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. The Middleby's Inventory Turnover for the three months ended in Sep. 2020 was 0.71.

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. The Middleby's Inventory-to-Revenue for the three months ended in Sep. 2020 was 0.92.


The Middleby Days Inventory Historical Data

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

* Premium members only.

The Middleby Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.38 96.47 101.70 100.49 108.90

The Middleby Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 123.21 109.93 129.16 176.33 129.19

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


The Middleby Days Inventory Distribution

* The bar in red indicates where The Middleby's Days Inventory falls into.



The Middleby Days Inventory Calculation

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

The Middleby's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (521.81 + 585.699) / 2 ) / 1855.949*365
=553.7545 / 1855.949*365
=108.90

The Middleby's Days Inventory for the quarter that ended in Sep. 2020 is calculated as:

Days Inventory (Q: Sep. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2020 ) + Total Inventories (Q: Sep. 2020 )) / count ) / Cost of Goods Sold (Q: Sep. 2020 )*Days in Period
=( (608.484 + 557.512) / 2 ) / 411.776*365 / 4
=582.998 / 411.776*365 / 4
=129.19

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


The Middleby  (NAS:MIDD) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

The Middleby's Days Sales of Inventory for the three months ended in Sep. 2020 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=582.998/634.525*365 / 4
=83.84

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

The Middleby's Inventory Turnover for the three months ended in Sep. 2020 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.

The Middleby's Inventory to Revenue for the three months ended in Sep. 2020 is calculated as

Inventory-to-Revenue=Total Inventories / Revenue
=582.998 / 634.525
=0.92

* 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.


The Middleby Days Inventory Related Terms


The Middleby Days Inventory Headlines

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