Furniture Brands International, (FRA:FBN1) Days Inventory : 103.51 (As of Jun. 2013)

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What is Furniture Brands International, Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Furniture Brands International,'s Average Total Inventories for the three months ended in Jun. 2013 was €179.1 Mil. Furniture Brands International,'s Cost of Goods Sold for the three months ended in Jun. 2013 was €157.9 Mil. Hence, Furniture Brands International,'s Days Inventory for the three months ended in Jun. 2013 was 103.51.

The historical rank and industry rank for Furniture Brands International,'s Days Inventory or its related term are showing as below:

FRA:FBN1's Days Inventory is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 104.38
* Ranked among companies with meaningful Days Inventory only.

Furniture Brands International,'s Days Inventory declined from Jun. 2012 (104.91) to Jun. 2013 (103.51).

Inventory Turnover measures how fast the company turns over its inventory within a year. Furniture Brands International,'s Inventory Turnover for the three months ended in Jun. 2013 was 0.88.

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. Furniture Brands International,'s Inventory-to-Revenue for the three months ended in Jun. 2013 was 0.93.

Furniture Brands International, Days Inventory Historical Data

The historical data trend for Furniture Brands International,'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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Furniture Brands International, Days Inventory Chart

Furniture Brands International, Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

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92.31

110.79

93.94

103.49

104.01

Furniture Brands International, Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Days Inventory	Get a 7-Day Free Trial															104.91	116.79	110.90	108.38	103.51

Competitive Comparison of Furniture Brands International,'s Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Furniture Brands International,'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.

Furniture Brands International,'s Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Furniture Brands International,'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Furniture Brands International,'s Days Inventory falls into.

Furniture Brands International, Days Inventory Calculation

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

Furniture Brands International,'s Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (173.398	+	186.182)	/	2 )	/	630.959	*	365
=	179.79					/	630.959	*	365
=	104.01

Furniture Brands International,'s Days Inventory for the quarter that ended in Jun. 2013 is calculated as:

	Days Inventory (Q: Jun. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2013 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
=	( (186.562	+	171.716)	/	2 )	/	157.919	*	365 / 4
=	179.139					/	157.919	*	365 / 4
=	103.51

Furniture Brands International, (FRA:FBN1) 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.

Furniture Brands International,'s Inventory Turnover for the three months ended in Jun. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	157.919	/	179.139
	=	0.88

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.

Furniture Brands International,'s Inventory to Revenue for the three months ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	179.139	/	193.278
	=	0.93

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.

Furniture Brands International, Days Inventory Related Terms

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

Furniture Brands International, (FRA:FBN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Furniture Brands International, Inc. (FRA:FBN1) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.furniturebrands.com

Furniture Brands International, Inc., is a Delaware corporation, which was organized in 1921 as a holding company. The Company is engaged in designing, manufacturing, sourcing and retailing of home furnishings. It markets products through a wide range of channels, including its own Thomasville retail stores and through interior designers, multi-line/independent retailers and mass merchant stores. Its portfolio includes Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge. Through these brands, the Company offers case goods, consisting of bedroom, dining room, and living room wood furniture; stationary upholstery products, consisting of sofas, loveseats, sectionals, and chairs; motion upholstered furniture, consisting of recliners and sleep sofas; occasional furniture, consisting of wood, metal and glass tables, accent pieces, home entertainment centers, and home office furniture; and decorative accessories and accent pieces. The Company's brands are featured in every price and product category in the residential furniture industry. Each of its brands targets specific customers in relation to style and price point. The raw materials used in manufacturing its products include lumber, veneers, plywood, fiberboard, particleboard, steel, paper, hardware, adhesives, finishing materials, glass, mirrored glass, fabrics, leathers, metals, stone, synthetics and upholstered filling material. The Company's products compete against domestic manufacturers, importers, and foreign manufacturers entering the United States market; as well as increased direct importing by some larger retailers. Its competitors include: Ashley Furniture Industries, Inc.; La-Z-Boy Incorporated; Ethan Allen Interiors Inc., and many other home furnishings retailers and manufacturers. The elements of competition include price, style, quality, service, brand and marketing.

Furniture Brands International, (FRA:FBN1) Headlines

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