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GuruFocus has detected 4 Warning Signs with Qualcomm Inc $QCOM.
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Qualcomm Inc (NAS:QCOM)
Days Inventory
82.16 (As of Mar. 2017)

Qualcomm Inc's average inventory for the three months ended in Mar. 2017 was $1,988 Mil. Qualcomm Inc's cost of goods sold for the three months ended in Mar. 2017 was $2,208 Mil. Hence, Qualcomm Inc's days inventory for the three months ended in Mar. 2017 was 82.16.

QCOM' s Days Inventory Range Over the Past 10 Years
Min: 43.34   Max: 62.29
Current: 62.29

43.34
62.29

During the past 13 years, Qualcomm Inc's highest Days Inventory was 62.29. The lowest was 43.34. And the median was 50.41.

QCOM's Days Inventory is ranked higher than
67% of the 813 Companies
in the Global Semiconductors industry.

( Industry Median: 77.37 vs. QCOM: 62.29 )

Qualcomm Inc's days inventory increased from Mar. 2016 (56.32) to Mar. 2017 (82.16). It might indicate that Qualcomm Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Qualcomm Inc's days sales of inventory (DSI) for the three months ended in Mar. 2017 was 36.17.

Inventory turnover measures how fast the company turns over its inventory within a year. Qualcomm Inc's inventory turnover for the three months ended in Mar. 2017 was 1.11.

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. Qualcomm Inc's inventory to revenue ratio for the three months ended in Mar. 2017 was 0.40.


Definition

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

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

Days Inventory (A: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2015 ) + Inventory (A: Sep. 2016 )) / 2 ) / COGS (A: Sep. 2016 )*Days in Period
=( (1492 + 1556) / 2 ) / 9749*365
=1524 / 9749*365
=57.06

Qualcomm Inc's Days Inventory for the quarter that ended in Mar. 2017 is calculated as:

Days Inventory (Q: Mar. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2016 ) + Inventory (Q: Mar. 2017 )) / 2 ) / COGS (Q: Mar. 2017 )*Days in Period
=( (1910 + 2066) / 2 ) / 2208*365 / 4
=1988 / 2208*365 / 4
=82.16

* 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).

Qualcomm Inc's Days Sales of Inventory for the three months ended in Mar. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=1988/5016*365 / 4
=36.17

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

Qualcomm Inc's Inventory Turnover for the three months ended in Mar. 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.

Qualcomm Inc's Inventory to Revenue for the three months ended in Mar. 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.

Qualcomm Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysInventory 48.9452.9255.8854.2448.3846.1743.3447.1451.8857.06

Qualcomm Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysInventory 48.2062.8864.1162.3048.7656.3249.7852.0064.7382.16
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