Raytheon Co (Raytheon Co) Days Inventory : 11.52 (As of Dec. 2019)

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What is Raytheon Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Raytheon Co's Average Total Inventories for the three months ended in Dec. 2019 was $737 Mil. Raytheon Co's Cost of Goods Sold for the three months ended in Dec. 2019 was $5,832 Mil. Hence, Raytheon Co's Days Inventory for the three months ended in Dec. 2019 was 11.52.

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

RTN's Days Inventory is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 138.735
* Ranked among companies with meaningful Days Inventory only.

Raytheon Co's Days Inventory declined from Dec. 2018 (13.21) to Dec. 2019 (11.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Raytheon Co's Inventory Turnover for the three months ended in Dec. 2019 was 7.92.

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. Raytheon Co's Inventory-to-Revenue for the three months ended in Dec. 2019 was 0.09.

Raytheon Co Days Inventory Historical Data

The historical data trend for Raytheon Co'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.

Raytheon Co Days Inventory Chart

Raytheon Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

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10.87

12.96

11.96

12.61

12.18

Raytheon Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Inventory	Get a 7-Day Free Trial															13.21	15.34	15.90	14.39	11.52

Competitive Comparison of Raytheon Co's Days Inventory

For the Aerospace & Defense subindustry, Raytheon Co'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.

Raytheon Co's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Raytheon Co's Days Inventory distribution charts can be found below:

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

Raytheon Co Days Inventory Calculation

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

Raytheon Co'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
=	( (758	+	671)	/	2 )	/	21413	*	365
=	714.5					/	21413	*	365
=	12.18

Raytheon Co's Days Inventory for the quarter that ended in Dec. 2019 is calculated as:

	Days Inventory (Q: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (802	+	671)	/	2 )	/	5832	*	365 / 4
=	736.5					/	5832	*	365 / 4
=	11.52

Raytheon Co (NYSE:RTN) 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.

Raytheon Co's Inventory Turnover for the three months ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5832	/	736.5
	=	7.92

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.

Raytheon Co's Inventory to Revenue for the three months ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	736.5	/	7842
	=	0.09

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.

Raytheon Co Days Inventory Related Terms

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

Raytheon Co (Raytheon Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Raytheon Co (NYSE:RTN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 Winter Street, Waltham, MA, USA, 02451

Website

https://www.raytheon.com

Raytheon is a U.S. defense contractor that posted just over $27 billion in sales during 2018. It operates through five segments: integrated defense systems, intelligence and information, missile systems, space and airborne systems, and a cybersecurity business branded Forcepoint. Sales to the U.S. government account for about 70% of consolidated revenue. Based in Waltham, Massachusetts, Raytheon employs more than 60,000 people.

Executives

William Spivey	director
Letitia A Long	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David C Wajsgras	officer: Vice President	870 WINTER STREET, WALTHAM MA 02451
Marta R Stewart	director	C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Frank R Jimenez	officer: VP, General Counsel, Secretary	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 606061
Michael J Wood	officer: VP, Controller & CAO	870 WINTER STREET, WALTHAM MA 02451
Ellen M Pawlikowski	director	870 WINTER STREET, WALTHAM MA 02451
Robert O Work	director	870 WINTER STREET, WALTHAM MA 02451
Tracy A Atkinson	director	MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Roy Azevedo	officer: Vice President	870 WINTER STREET, WALTHAM MA 02451
Wesley D Kremer	officer: Vice President	870 WINTER STREET, WALTHAM MA 02451
Thomas A Kennedy	director, officer: Chairman and CEO	870 WINTER STREET, WALTHAM MA 02451
George Oliver	director	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Winnefeld James A Jr	director	870 WINTER STREET, WALTHAM MA 02451
Robert E Beauchamp	director	2101 CITYWEST BLVD, HOUSTON TX 77042-2827