Beam (FRA:BJM) Days Inventory : 528.11 (As of Dec. 2013)

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What is Beam Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beam's Average Total Inventories for the three months ended in Dec. 2013 was €1,373 Mil. Beam's Cost of Goods Sold for the three months ended in Dec. 2013 was €237 Mil. Hence, Beam's Days Inventory for the three months ended in Dec. 2013 was 528.11.

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

FRA:BJM's Days Inventory is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 161.06
* Ranked among companies with meaningful Days Inventory only.

Beam's Days Inventory declined from Dec. 2012 (529.92) to Dec. 2013 (528.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Beam's Inventory Turnover for the three months ended in Dec. 2013 was 0.17.

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. Beam's Inventory-to-Revenue for the three months ended in Dec. 2013 was 2.54.

Beam Days Inventory Historical Data

The historical data trend for Beam'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.

Beam Days Inventory Chart

Beam Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Inventory

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213.19

826.67

670.44

590.17

629.51

Beam Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Inventory	Get a 7-Day Free Trial															529.92	699.44	626.11	663.86	528.11

Competitive Comparison of Beam's Days Inventory

For the Beverages - Wineries & Distilleries subindustry, Beam'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.

Beam's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Beam's Days Inventory distribution charts can be found below:

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

Beam Days Inventory Calculation

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

Beam's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (1343.406	+	1345.609)	/	2 )	/	779.567	*	365
=	1344.5075					/	779.567	*	365
=	629.51

Beam's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (1399.732	+	1345.609)	/	2 )	/	237.177	*	365 / 4
=	1372.6705					/	237.177	*	365 / 4
=	528.11

Beam (FRA:BJM) 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.

Beam's Inventory Turnover for the three months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	237.177	/	1372.6705
	=	0.17

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.

Beam's Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1372.6705	/	539.835
	=	2.54

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.

Beam Days Inventory Related Terms

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

Beam (FRA:BJM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Beam Inc (FRA:BJM) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.beamglobal.com

Beam Inc., is incorporated under the laws of Delaware in 1985. On May 30, 1997, the Company's name was changed from American Brands, Inc. to Fortune Brands, Inc. Following the spin-off on October 3, 2011, the Company became a standalone Spirits Company under the name Beam Inc. It is a premium spirits company that makes and sells branded distilled spirits products in major markets. The Company's three reportable segments are the geographic regions of North America, EMEA and APSA. Each segment is engaged in the manufacture and sale of distilled spirits products. Its principal products include bourbon whiskey, Scotch whisky, Canadian whisky, tequila, cognac, rum, cordials, and ready-to-drink pre-mixed cocktails. The Company's portfolio consists of brands it identifies as Power Brands, Rising Stars, Local Jewels and Value Creators. The Power Brands are the core brand equities, with its reach in premium categories and large annual sales volume. Rising Stars are smaller premium brands in priority markets. Brands identified as Local Jewels act as Power Brands in local markets. Value Creators include a variety of brands competing across multiple categories. The principal markets for its spirits products are the United States, Australia, Germany, Spain, the United Kingdom, and Canada, and continues to invest in emerging markets such as India, Brazil, Mexico, Russia, Central Europe, Asia, and other geographies. The Company operates its business on the basis of geographical regions, consisting of North America, Europe/Middle East/Africa, and Asia-Pacific/South America. Its peak season for business is the fourth calendar quarter due to holiday buying. Raw materials for the production, storage and aging of distilled products are corn and other grains for whiskies and other spirits, agave for tequila, molasses for rum, grapes for cognac and fortified wines, new or used oak barrels, and plastic and glass for bottles. These materials are generally readily available from a number of sources, except that new oak barrels are available from only a few sources. The Company uses different business models to market and distribute its products in different regions of the world. In the U.S., it sells products either to wholesale distributors for resale to retail outlets or, in those states that control alcohol sales, to state governments who then sell them to retail customers and consumers. It competes on the basis of product quality, brand image, innovation, price, and service in response to consumer preferences. The production, storage, transportation, distribution and sale of its products are subject to regulation by federal, state, local, and foreign authorities.

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