Family Dollar Stores (FRA:FAY) Days Inventory : 84.96 (As of May. 2015)

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What is Family Dollar Stores Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Family Dollar Stores's Average Total Inventories for the three months ended in May. 2015 was €1,487 Mil. Family Dollar Stores's Cost of Goods Sold for the three months ended in May. 2015 was €1,598 Mil. Hence, Family Dollar Stores's Days Inventory for the three months ended in May. 2015 was 84.96.

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

FRA:FAY' s Days Inventory Range Over the Past 10 Years
Min: 72.22 Med: 79.14 Max: 96.7
Current: 84.87

During the past 13 years, Family Dollar Stores's highest Days Inventory was 96.70. The lowest was 72.22. And the median was 79.14.

FRA:FAY's Days Inventory is not ranked
in the Retail - Defensive industry.
Industry Median: 35.99 vs FRA:FAY: 84.87

Family Dollar Stores's Days Inventory declined from May. 2014 (85.12) to May. 2015 (84.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Family Dollar Stores's Inventory Turnover for the three months ended in May. 2015 was 1.07.

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. Family Dollar Stores's Inventory-to-Revenue for the three months ended in May. 2015 was 0.61.

Family Dollar Stores Days Inventory Historical Data

The historical data trend for Family Dollar Stores'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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Family Dollar Stores Days Inventory Chart

Family Dollar Stores Annual Data

Trend

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Days Inventory

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69.51

75.97

72.93

80.02

80.70

Family Dollar Stores Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Days Inventory	Get a 7-Day Free Trial															85.12	82.07	86.24	80.09	84.96

Competitive Comparison of Family Dollar Stores's Days Inventory

For the Discount Stores subindustry, Family Dollar Stores'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.

Family Dollar Stores's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Family Dollar Stores's Days Inventory distribution charts can be found below:

* The bar in red indicates where Family Dollar Stores's Days Inventory falls into.

Family Dollar Stores Days Inventory Calculation

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

Family Dollar Stores's Days Inventory for the fiscal year that ended in Aug. 2014 is calculated as

	Days Inventory (A: Aug. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2013 )	+	Total Inventories (A: Aug. 2014 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2014 )	*	Days in Period
=	( (1101.729	+	1209.059)	/	2 )	/	5225.492	*	365
=	1155.394					/	5225.492	*	365
=	80.70

Family Dollar Stores's Days Inventory for the quarter that ended in May. 2015 is calculated as:

	Days Inventory (Q: May. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2015 )	+	Total Inventories (Q: May. 2015 ))	/	count )	/	Cost of Goods Sold (Q: May. 2015 )	*	Days in Period
=	( (1514.269	+	1460.573)	/	2 )	/	1597.585	*	365 / 4
=	1487.421					/	1597.585	*	365 / 4
=	84.96

Family Dollar Stores (FRA:FAY) 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.

Family Dollar Stores's Inventory Turnover for the three months ended in May. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1597.585	/	1487.421
	=	1.07

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.

Family Dollar Stores's Inventory to Revenue for the three months ended in May. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1487.421	/	2441.718
	=	0.61

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.

Family Dollar Stores Days Inventory Related Terms

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

Family Dollar Stores (FRA:FAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Family Dollar Stores Inc (FRA:FAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.familydollar.com

Family Dollar Stores Inc was incorporated in November 1959. The Company provides consumers with a selection of competitively priced merchandise in convenient neighbourhood stores. Its merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics. It classifies the combination of Home Products, Apparel and Accessories, and Seasonal and Electronics as Discretionary. It operates general merchandise retail discount stores in 46 states, serving the basic needs of customers primarily in the low- and middle-income brackets. The stores are supported by 11 distribution centers and one Store Support Center. It competes for sales and store locations in varying degrees with international, national, regional and local retailing establishments, other discount stores, department stores, variety stores, dollar stores, discount clothing stores, drug stores, grocery stores, convenience stores, outlet stores, warehouse stores and other stores. The Company's trademark includes Family Dollar and Family Dollar Stores. Its business is subject to federal, state, local, and international laws, rules, and regulations, such as state and local wage and hour laws, anti-corruption laws, import and export laws, unclaimed property laws, and many others.

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