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Macy's Days Inventory

: 131.88 (As of Apr. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). Macy's's Average Total Inventories for the three months ended in Apr. 2022 was $4,670 Mil. Macy's's Cost of Goods Sold for the three months ended in Apr. 2022 was $3,231 Mil. Hence, Macy's's Days Inventory for the three months ended in Apr. 2022 was 131.88.

The historical rank and industry rank for Macy's's Days Inventory or its related term are showing as below:

M' s Days Inventory Range Over the Past 10 Years
Min: 99.54   Med: 123.04   Max: 133.12
Current: 114.56

During the past 13 years, Macy's's highest Days Inventory was 133.12. The lowest was 99.54. And the median was 123.04.

M's Days Inventory is ranked worse than
54.76% of 1072 companies
in the Retail - Cyclical industry
Industry Median: 103.94 vs M: 114.56

Macy's's Days Inventory increased from Apr. 2021 (126.40) to Apr. 2022 (131.88). It might indicate that Macy's's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Macy's's Inventory Turnover for the three months ended in Apr. 2022 was 0.69.

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. Macy's's Inventory-to-Revenue for the three months ended in Apr. 2022 was 0.84.


Macy's Days Inventory Historical Data

The historical data trend for Macy's's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Macy's Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 127.15 125.24 125.72 133.12 99.54

Macy's Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
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 126.40 116.04 148.51 87.19 131.88

Competitive Comparison

For the Department Stores subindustry, Macy's's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

   

Macy's Days Inventory Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Days Inventory distribution charts can be found below:

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



Macy's Days Inventory Calculation

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

Macy's's Days Inventory for the fiscal year that ended in Jan. 2022 is calculated as

Days Inventory (A: Jan. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jan. 2021 ) + Total Inventories (A: Jan. 2022 )) / count ) / Cost of Goods Sold (A: Jan. 2022 )*Days in Period
=( (3774 + 4383) / 2 ) / 14956*365
=4078.5 / 14956*365
=99.54

Macy's's Days Inventory for the quarter that ended in Apr. 2022 is calculated as:

Days Inventory (Q: Apr. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jan. 2022 ) + Total Inventories (Q: Apr. 2022 )) / count ) / Cost of Goods Sold (Q: Apr. 2022 )*Days in Period
=( (4383 + 4956) / 2 ) / 3231*365 / 4
=4669.5 / 3231*365 / 4
=131.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Macy's  (NYSE:M) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Macy's's Inventory Turnover for the three months ended in Apr. 2022 is calculated as

2. 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.

Macy's's Inventory to Revenue for the three months ended in Apr. 2022 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange 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.


Macy's Days Inventory Related Terms

Thank you for viewing the detailed overview of Macy's's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Macy's Business Description

Macy's logo
Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates 570 stores under the Macy's nameplate, 58 stores under the Bloomingdale's nameplate, and 160 freestanding Bluemercury specialty beauty stores (as of the end of fiscal-year 2021). Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances comprised 59% of Macy's 2021 sales.
Executives
Granoff Jill director LIZ CLAIBORNE, INC. 1441 BROADWAY NEW YORK NY 10018
Chandoha Marie A director C/O THE CHARLES SCHWAB CORPORATION 211 MAIN STREET SAN FRANCISCO CA 94105
Zhen Tracey director C/O MACY'S, INC. 145 PROGRESS PLACE SPRINGDALE OH 45246
Buchanan Ashley director C/O THE MICHAELS COMPANIES, INC. 8000 BENT BRANCH DRIVE IRVING TX 75063
Mitchell Adrian V officer: Chief Financial Officer C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001
Griscom Paul officer: Interim Principal Acctg. Offr. C/O MACY'S, INC. 145 PROGRESS PLACE SPRINGDALE OH 45246
Harper John T. officer: Chief Operations Officer C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001
Boone Torrence director 3308 N MITTHOEFFER INDIANAPOLIS IN 46235
Abney David P director 55 GLENLAKE PARWAY, NE ATLANTA GA 30328
Price Paula A officer: Chief Financial Officer ONE CVS DRIVE WOONSOCKET RI 02895
Kirgan Danielle L. officer: Chief Human Resources Officer C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001
Lawton Iii Harry A officer: President C/O EBAY INC. 2065 SAN JOSE CA 95125
Spring Antony officer: Chairman & CEO, Bloomingdale's C/O MACY'S, INC. 7 WEST SEVENTH STREET CINCINNATI OH 45202
Lennox Richard A officer: Chief Marketing Officer C/O MACYS, INC. 7 WEST SEVENTH STREET CINCINNATI OH 45202
Garcia C Elisa D officer: Chief Legal Officer 151 WEST 34TH STREET NEW YORK NY 10001

Macy's Headlines

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