Riviera Tool Co (Riviera Tool Co) Days Inventory : 6.27 (As of Nov. 2006)

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What is Riviera Tool Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Riviera Tool Co's Average Total Inventories for the three months ended in Nov. 2006 was $0.25 Mil. Riviera Tool Co's Cost of Goods Sold for the three months ended in Nov. 2006 was $3.64 Mil. Hence, Riviera Tool Co's Days Inventory for the three months ended in Nov. 2006 was 6.27.

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

RIVT's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 121.525
* Ranked among companies with meaningful Days Inventory only.

Riviera Tool Co's Days Inventory increased from Nov. 2005 (3.94) to Nov. 2006 (6.27). It might indicate that Riviera Tool Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Riviera Tool Co's Inventory Turnover for the three months ended in Nov. 2006 was 14.56.

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. Riviera Tool Co's Inventory-to-Revenue for the three months ended in Nov. 2006 was 0.06.

Riviera Tool Co Days Inventory Historical Data

The historical data trend for Riviera Tool 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.

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Riviera Tool Co Days Inventory Chart

Riviera Tool Co Annual Data

Trend

Aug97

Aug98

Aug99

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Days Inventory

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6.96

2.97

2.96

5.09

4.16

Riviera Tool Co Quarterly Data
	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06
Days Inventory	Get a 7-Day Free Trial															3.94	3.60	4.34	4.50	6.27

Competitive Comparison of Riviera Tool Co's Days Inventory

For the Metal Fabrication subindustry, Riviera Tool 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.

Riviera Tool Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Riviera Tool Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Riviera Tool Co's Days Inventory falls into.

Riviera Tool Co Days Inventory Calculation

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

Riviera Tool Co's Days Inventory for the fiscal year that ended in Aug. 2006 is calculated as

	Days Inventory (A: Aug. 2006 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2005 )	+	Total Inventories (A: Aug. 2006 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2006 )	*	Days in Period
=	( (0.236	+	0.25)	/	2 )	/	21.337	*	365
=	0.243					/	21.337	*	365
=	4.16

Riviera Tool Co's Days Inventory for the quarter that ended in Nov. 2006 is calculated as:

	Days Inventory (Q: Nov. 2006 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2006 )	+	Total Inventories (Q: Nov. 2006 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2006 )	*	Days in Period
=	( (0.25	+	0.25)	/	2 )	/	3.641	*	365 / 4
=	0.25					/	3.641	*	365 / 4
=	6.27

Riviera Tool Co (OTCPK:RIVT) 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.

Riviera Tool Co's Inventory Turnover for the three months ended in Nov. 2006 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.641	/	0.25
	=	14.56

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.

Riviera Tool Co's Inventory to Revenue for the three months ended in Nov. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.25	/	4.308
	=	0.06

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.

Riviera Tool Co Days Inventory Related Terms

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

Riviera Tool Co (Riviera Tool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riviera Tool Co (OTCPK:RIVT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

5460 Executive Parkway S.E., Grand Rapids, MI, USA, 49512

Website

http://www.rivieratool.com

Riviera Tool Co designs and manufactures large stamping die systems used to form sheet metal parts. These systems are used by automobile manufacturers to produce automobile and truck body parts such as roofs, hoods, fenders, doors, door frames, structural components, and bumpers. The company's customers include major automobile manufacturers.

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