Days Inventory is also known as Days Sales of Inventory (DSI). Best Buy Co's Average Total Inventories for the
three
months ended in Jan. 2024 was R$31,309 Mil. Best Buy Co's Cost of Goods Sold for the
three
months ended in Jan. 2024 was R$57,272 Mil.
Hence, Best Buy Co's Days Inventory for the
three
months ended in Jan. 2024 was 49.88.
The historical rank and industry rank for Best Buy Co's Days Inventory or its related term are showing as below:
BSP:BBYY34'
s Days Inventory Range Over the Past 10 Years
Min: 52.66 Med: 57.23 Max: 61.53
Current: 61.53
During the past 13 years, Best Buy Co's highest Days Inventory was 61.53. The lowest was 52.66. And the median was 57.23.
BSP:BBYY34's Days Inventory is ranked better than 72.89% of 1066
companies
in the Retail - Cyclical industry
Industry Median: 110.73
vs BSP:BBYY34: 61.53
Best Buy Co's Days Inventory
increased
from Jan. 2023 (48.42) to Jan. 2024 (49.88).
It might indicate that Best Buy Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Best Buy Co's Inventory Turnover for the
three
months ended in Jan. 2024 was 1.83.
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.
Best Buy Co's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.43.
Best Buy Co Days Inventory Historical Data
The historical data trend for Best Buy 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.
Competitive Comparison of Best Buy Co's Days Inventory
For the Specialty Retail subindustry, Best Buy 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.
Best Buy Co's Days Inventory Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Best Buy Co's Days Inventory falls into.
Best Buy Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Best Buy Co's Days Inventory for the fiscal year that ended in Jan. 2024 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.
Best Buy Co (BSP:BBYY34) 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.
Best Buy Co's Inventory Turnover for the
three
months ended in Jan. 2024 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.
Best Buy Co's Inventory to Revenue for the
three
months ended in Jan. 2024 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.
Best Buy Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Best Buy Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
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