PetSmart (FRA:PEM) Days Inventory : 59.51 (As of Oct. 2014)

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What is PetSmart Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PetSmart's Average Total Inventories for the three months ended in Oct. 2014 was €631 Mil. PetSmart's Cost of Goods Sold for the three months ended in Oct. 2014 was €968 Mil. Hence, PetSmart's Days Inventory for the three months ended in Oct. 2014 was 59.51.

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

FRA:PEM's Days Inventory is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 110.775
* Ranked among companies with meaningful Days Inventory only.

PetSmart's Days Inventory declined from Oct. 2013 (61.35) to Oct. 2014 (59.51).

Inventory Turnover measures how fast the company turns over its inventory within a year. PetSmart's Inventory Turnover for the three months ended in Oct. 2014 was 1.53.

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. PetSmart's Inventory-to-Revenue for the three months ended in Oct. 2014 was 0.46.

PetSmart Days Inventory Historical Data

The historical data trend for PetSmart'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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PetSmart Days Inventory Chart

PetSmart Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Days Inventory

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51.68

52.49

52.22

54.59

51.85

PetSmart Quarterly Data
	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15
Days Inventory	Get a 7-Day Free Trial															56.60	58.74	58.94	59.51	54.14

Competitive Comparison of PetSmart's Days Inventory

For the Specialty Retail subindustry, PetSmart'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.

PetSmart's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PetSmart's Days Inventory distribution charts can be found below:

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

PetSmart Days Inventory Calculation

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

PetSmart's Days Inventory for the fiscal year that ended in Jan. 2014 is calculated as

	Days Inventory (A: Jan. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2013 )	+	Total Inventories (A: Jan. 2014 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2014 )	*	Days in Period
=	( (510.676	+	543.382)	/	2 )	/	3523.706	*	365
=	527.029					/	3523.706	*	365
=	54.59

PetSmart's Days Inventory for the quarter that ended in Oct. 2014 is calculated as:

	Days Inventory (Q: Oct. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2014 )	+	Total Inventories (Q: Oct. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2014 )	*	Days in Period
=	( (586.296	+	676.441)	/	2 )	/	968.066	*	365 / 4
=	631.3685					/	968.066	*	365 / 4
=	59.51

PetSmart (FRA:PEM) 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.

PetSmart's Inventory Turnover for the three months ended in Oct. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	968.066	/	631.3685
	=	1.53

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.

PetSmart's Inventory to Revenue for the three months ended in Oct. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	631.3685	/	1372.163
	=	0.46

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.

PetSmart Days Inventory Related Terms

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

PetSmart (FRA:PEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PetSmart Inc (FRA:PEM) » Definitions » Days Inventory

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Address

Website

PetSmart Inc was incorporated in the State of Delaware in 1986. The Company provides specialty products, services and solutions for the lifetime needs of pets in North America. It offers a broad selection of products for all the life stages of pets, as well as various pet services including professional grooming, training, day camp for dogs and boarding. It also offers pet products through its website, PetSmart.com. As of 2 February 2014, it operated 1,333 retail stores and had full-service veterinary hospitals in 844 of its stores. MMI Holdings, Inc., through a wholly owned subsidiary, Medical Management International, Inc., operated 837 of the veterinary hospitals under the registered trade name of "Banfield, The Pet Hospital." The remaining 7 hospitals are operated by other third parties in Canada. The Company opened 55 net new stores in 2013 and at the end of the year operated 1,333 retail stores in the United States, Puerto Rico and Canada. Its stores typically range in size from 12,000 to 27,500 square feet and carry a broad selection of high-quality pet products at everyday low prices. It offers approximately 11,000 distinct items in stores and 9,000 additional items on its website, PetSmart.com, including nationally recognized brand names, as well as an extensive selection of proprietary brands across a range of product categories. All the Company's stores feature pet styling salons that provide high-quality grooming services and offer comprehensive pet training services. Its PetsHotels provide boarding for dogs and cats, which includes 24-hour supervision by caregivers who are trained to provide personalized pet care, temperature controlled rooms and suites, daily specialty treats and play time, as well as day camp for dogs. As of 3 February 2014, it operated 199 PetsHotels. The Company's trademarks include PetSmart, PetSmart.com, PetSmart PetsHotel, PetPerks, and Where Pets Are Family, as well as many others.

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