FedEx (BUE:FDX) Days Inventory : 3.37 (As of Feb. 2024)

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What is FedEx Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FedEx's Average Total Inventories for the three months ended in Feb. 2024 was ARS222,600 Mil. FedEx's Cost of Goods Sold for the three months ended in Feb. 2024 was ARS6,019,650 Mil. Hence, FedEx's Days Inventory for the three months ended in Feb. 2024 was 3.37.

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

BUE:FDX' s Days Inventory Range Over the Past 10 Years
Min: 3.05 Med: 3.68 Max: 4.69
Current: 3.35

During the past 13 years, FedEx's highest Days Inventory was 4.69. The lowest was 3.05. And the median was 3.68.

BUE:FDX's Days Inventory is ranked better than
78.02% of 778 companies
in the Transportation industry
Industry Median: 11.42 vs BUE:FDX: 3.35

FedEx's Days Inventory increased from Feb. 2023 (3.06) to Feb. 2024 (3.37). It might indicate that FedEx's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. FedEx's Inventory Turnover for the three months ended in Feb. 2024 was 27.04.

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. FedEx's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.03.

FedEx Days Inventory Historical Data

The historical data trend for FedEx'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.

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FedEx Days Inventory Chart

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Inventory

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2.65

3.07

2.75

2.77

2.40

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															3.06	3.10	3.01	2.93	3.37

Competitive Comparison of FedEx's Days Inventory

For the Integrated Freight & Logistics subindustry, FedEx'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.

FedEx's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FedEx's Days Inventory distribution charts can be found below:

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

FedEx Days Inventory Calculation

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

FedEx's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

	Days Inventory (A: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (73452.469	+	134335.643)	/	2 )	/	15788663.877	*	365
=	103894.056					/	15788663.877	*	365
=	2.40

FedEx's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (221199.997	+	223999.997)	/	2 )	/	6019649.91	*	365 / 4
=	222599.997					/	6019649.91	*	365 / 4
=	3.37

FedEx (BUE:FDX) 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.

FedEx's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6019649.91	/	222599.997
	=	27.04

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.

FedEx's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	222599.997	/	7608299.886
	=	0.03

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.

FedEx Days Inventory Related Terms

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

FedEx (BUE:FDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (BUE:FDX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FDX:USA FDX:Peru FDX:Mexico 1FDX:Italy FDX:Germany FDXB34:Brazil

Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.