Express Scripts Holding Co (Express Scripts Holding Co) Days Inventory : 8.77 (As of Sep. 2018)

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What is Express Scripts Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Express Scripts Holding Co's Average Total Inventories for the three months ended in Sep. 2018 was $2,231 Mil. Express Scripts Holding Co's Cost of Goods Sold for the three months ended in Sep. 2018 was $23,212 Mil. Hence, Express Scripts Holding Co's Days Inventory for the three months ended in Sep. 2018 was 8.77.

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

ESRX's Days Inventory is not ranked ^*
in the Healthcare Plans industry.
Industry Median: 29.02
* Ranked among companies with meaningful Days Inventory only.

Express Scripts Holding Co's Days Inventory increased from Sep. 2017 (8.07) to Sep. 2018 (8.77). It might indicate that Express Scripts Holding Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Express Scripts Holding Co's Inventory Turnover for the three months ended in Sep. 2018 was 10.40.

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. Express Scripts Holding Co's Inventory-to-Revenue for the three months ended in Sep. 2018 was 0.09.

Express Scripts Holding Co Days Inventory Historical Data

The historical data trend for Express Scripts Holding 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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Express Scripts Holding Co Days Inventory Chart

Express Scripts Holding Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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6.70

7.82

8.09

7.93

8.16

Express Scripts Holding Co Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Inventory	Get a 7-Day Free Trial															8.07	8.33	8.28	8.41	8.77

Competitive Comparison of Express Scripts Holding Co's Days Inventory

For the Healthcare Plans subindustry, Express Scripts Holding 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.

Express Scripts Holding Co's Days Inventory Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Express Scripts Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Express Scripts Holding Co's Days Inventory falls into.

Express Scripts Holding Co Days Inventory Calculation

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

Express Scripts Holding Co's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (1959	+	2124.9)	/	2 )	/	91302.5	*	365
=	2041.95					/	91302.5	*	365
=	8.16

Express Scripts Holding Co's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

	Days Inventory (Q: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (2293.1	+	2168.9)	/	2 )	/	23211.8	*	365 / 4
=	2231					/	23211.8	*	365 / 4
=	8.77

Express Scripts Holding Co (NAS:ESRX) 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.

Express Scripts Holding Co's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23211.8	/	2231
	=	10.40

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.

Express Scripts Holding Co's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2231	/	25563.2
	=	0.09

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.

Express Scripts Holding Co Days Inventory Related Terms

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Express Scripts Holding Co (Express Scripts Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Express Scripts Holding Co (NAS:ESRX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.express-scripts.com

Express Scripts is the largest pharmacy benefit manager in the United States. Through its mail-order pharmacy and network of retail pharmacies, Express Scripts processes approximately 1.3 billion adjusted prescriptions annually for its payer clients.