Shutterfly (Shutterfly) Days Inventory : 7.94 (As of Jun. 2019)

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What is Shutterfly Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shutterfly's Average Total Inventories for the three months ended in Jun. 2019 was $21 Mil. Shutterfly's Cost of Goods Sold for the three months ended in Jun. 2019 was $241 Mil. Hence, Shutterfly's Days Inventory for the three months ended in Jun. 2019 was 7.94.

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

SFLY's Days Inventory is not ranked ^*
in the Personal Services industry.
Industry Median: 16.425
* Ranked among companies with meaningful Days Inventory only.

Shutterfly's Days Inventory increased from Jun. 2018 (4.97) to Jun. 2019 (7.94). It might indicate that Shutterfly's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shutterfly's Inventory Turnover for the three months ended in Jun. 2019 was 11.49.

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. Shutterfly's Inventory-to-Revenue for the three months ended in Jun. 2019 was 0.04.

Shutterfly Days Inventory Historical Data

The historical data trend for Shutterfly'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.

* Premium members only.

Shutterfly Days Inventory Chart

Shutterfly Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

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9.13

9.15

8.13

6.69

5.51

Shutterfly Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Inventory	Get a 7-Day Free Trial															4.97	6.77	4.36	8.45	7.94

Competitive Comparison of Shutterfly's Days Inventory

For the Personal Services subindustry, Shutterfly'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.

Shutterfly's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shutterfly's Days Inventory distribution charts can be found below:

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

Shutterfly Days Inventory Calculation

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

Shutterfly's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (11.019	+	18.015)	/	2 )	/	961.575	*	365
=	14.517					/	961.575	*	365
=	5.51

Shutterfly's Days Inventory for the quarter that ended in Jun. 2019 is calculated as:

	Days Inventory (Q: Jun. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (20.932	+	20.916)	/	2 )	/	240.513	*	365 / 4
=	20.924					/	240.513	*	365 / 4
=	7.94

Shutterfly (NAS:SFLY) 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.

Shutterfly's Inventory Turnover for the three months ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	240.513	/	20.924
	=	11.49

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.

Shutterfly's Inventory to Revenue for the three months ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.924	/	473.416
	=	0.04

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.

Shutterfly Days Inventory Related Terms

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

Shutterfly (Shutterfly) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Shutterfly Inc (NAS:SFLY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2800 Bridge Parkway, Redwood City, CA, USA, 94065

Website

http://www.shutterflyinc.com

Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands. The company segments its activities into Consumer, Enterprise, and Corporate units. Shutterfly derives the vast majority of its revenue from its Consumer division, which produces and sells professionally bound photo books, greeting and stationary cards, personalized calendars, and prints. These products are all manufactured in the company's facilities located in the United States. Shutterfly also retails photo-based merchandise such as mugs, candles, pillows, and blankets that are manufactured by third-party firms. Substantially all of the company's sales are from the United States.

Executives

Betsy Rafael	director	550 MERIDIAN AVENUE, SAN JOSE CA 95126
Ann Mather	director
Henry Tayloe Stansbury	director	807 11TH AVENUE, SUNNYVALE CA 94089
Michael W Pope	officer: SVP & Chief Financial Officer	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Ohara	director, officer: President and CEO	6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
William J Lansing	director	NET PERCEPTIONS, INC, 7700 FRANCE AVENUE SOUTH, EDINA MN 55435
Scott Arnold	officer: President, Shutterfly Ent.	6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Elizabeth P Sartain	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Maureen M. Mericle	officer: SVP, Chief Marketing Officer	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
James A Hilt	officer: President, Shutterfly Consumer	1 EXPRESS DRIVE, COLUMBUS OH 43230
Michael P Zeisser	director
Eva Manolis	director	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Lisa Blackwood-kapral	officer: Chief Accounting Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Jeffrey T Housenbold	director, officer: PRESIDENT & CEO	303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Brian M Regan	officer: SVP, Chief Financial Officer	C/O TICKETMASTER 8800 WEST SUNSET BLVD. WEST HOLLYWOOD CA 90069