Mead Johnson Nutrition Co (Mead Johnson Nutrition Co) Days Inventory : 134.30 (As of Mar. 2017)

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What is Mead Johnson Nutrition Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mead Johnson Nutrition Co's Average Total Inventories for the three months ended in Mar. 2017 was $486 Mil. Mead Johnson Nutrition Co's Cost of Goods Sold for the three months ended in Mar. 2017 was $330 Mil. Hence, Mead Johnson Nutrition Co's Days Inventory for the three months ended in Mar. 2017 was 134.30.

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

MJN's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 82.17
* Ranked among companies with meaningful Days Inventory only.

Mead Johnson Nutrition Co's Days Inventory increased from Mar. 2016 (127.56) to Mar. 2017 (134.30). It might indicate that Mead Johnson Nutrition Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mead Johnson Nutrition Co's Inventory Turnover for the three months ended in Mar. 2017 was 0.68.

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. Mead Johnson Nutrition Co's Inventory-to-Revenue for the three months ended in Mar. 2017 was 0.55.

Mead Johnson Nutrition Co Days Inventory Historical Data

The historical data trend for Mead Johnson Nutrition 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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Mead Johnson Nutrition Co Days Inventory Chart

Mead Johnson Nutrition Co Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Inventory

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117.82

115.90

117.01

130.47

130.43

Mead Johnson Nutrition Co Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Inventory	Get a 7-Day Free Trial															127.56	130.45	128.77	132.68	134.30

Competitive Comparison of Mead Johnson Nutrition Co's Days Inventory

For the Packaged Foods subindustry, Mead Johnson Nutrition 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.

Mead Johnson Nutrition Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mead Johnson Nutrition Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mead Johnson Nutrition Co's Days Inventory falls into.

Mead Johnson Nutrition Co Days Inventory Calculation

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

Mead Johnson Nutrition Co's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

	Days Inventory (A: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (484.9	+	473.5)	/	2 )	/	1341	*	365
=	479.2					/	1341	*	365
=	130.43

Mead Johnson Nutrition Co's Days Inventory for the quarter that ended in Mar. 2017 is calculated as:

	Days Inventory (Q: Mar. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (473.5	+	498.5)	/	2 )	/	330.2	*	365 / 4
=	486					/	330.2	*	365 / 4
=	134.30

Mead Johnson Nutrition Co (NYSE:MJN) 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.

Mead Johnson Nutrition Co's Inventory Turnover for the three months ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	330.2	/	486
	=	0.68

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.

Mead Johnson Nutrition Co's Inventory to Revenue for the three months ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	486	/	883.5
	=	0.55

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.

Mead Johnson Nutrition Co Days Inventory Related Terms

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

Mead Johnson Nutrition Co (Mead Johnson Nutrition Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mead Johnson Nutrition Co (NYSE:MJN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.meadjohnson.com

Mead Johnson Nutrition makes, distributes, and markets pediatric nutrition products worldwide under a variety of brands, including Enfamil, its largest label, along with Sustagen, Enfagrow, and Nutramigen. Infant formula represented 59% of 2015 sales and children's nutrition 39%, with expectant and nursing mother nutrition and pediatric vitamins comprising the remainder. The company sells its products globally; 73% of sales were generated outside the United States in 2015. At about 30% of revenue, China is the company's largest market.

Executives

Kimberly A Casiano	director	C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
James E. Shiah	officer: SVP and Controller	2 PARK AVENUE, NEW YORK NY 10016
Howard B Bernick	director	1100 N WOOD DALE RD, WOOD DALE IL 60191
Michael A. Sherman	director	3000 KENT AVE STE A1-100, WEST LAFAYETTE IN 47906
Robert S Singer	director	6301 FITCH PATH, NEW ALBANY OH 43054
Celeste A. Clark	director	C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
Peter Gervis Ratcliffe	director
Steven Altschuler	director	MEAD JOHNSON NUTRITION COMPANY, 2701 PATRIOT BLVD, GLENVIEW IL 60026
Patrick M Sheller	officer: SVP, Gen. Counsel & Secretary	343 STATE STREET, ROCHESTER NY 14650
Elliot Sigal	director
James M Cornelius	director
Michael Grobstein	director	C/O GUIDANT CORP, 111 MONUMENT CIRCLE #2900, INDIANAPOLIS IN 46204-5129
Anna C Catalano	director	1313 NORTH MARKET STREET, WILMINGTON DE 19894
Peter G Leemputte	officer: EVP and CFO	CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601
Lynn H Clark	officer: Sr. VP, Human Resources	2400 WEST LLOYD EXPRESSWAY, EVANSVILLE IL 47721