Days Inventory is also known as Days Sales of Inventory (DSI). Sonic's Average Total Inventories for the
three
months ended in Aug. 2018 was $1.8 Mil. Sonic's Cost of Goods Sold for the
three
months ended in Aug. 2018 was $85.0 Mil.
Hence, Sonic's Days Inventory for the
three
months ended in Aug. 2018 was 1.90.
The historical rank and industry rank for Sonic's Days Inventory or its related term are showing as below:
SONC's Days Inventory is not ranked *
in the Restaurants industry.
Industry Median: 15.59 * Ranked among companies with meaningful Days Inventory only.
Sonic's Days Inventory
declined
from Aug. 2017 (2.01) to Aug. 2018 (1.90).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sonic's Inventory Turnover for the
three
months ended in Aug. 2018 was 47.91.
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.
Sonic's Inventory-to-Revenue for the
three
months ended in Aug. 2018 was 0.02.
Sonic Days Inventory Historical Data
The historical data trend for Sonic'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.
For the Restaurants subindustry, Sonic'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.
Sonic's Days Inventory Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Sonic's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sonic's Days Inventory falls into.
Sonic Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic's Days Inventory for the fiscal year that ended in Aug. 2018 is calculated as
* 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.
Sonic (NAS:SONC) 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.
Sonic's Inventory Turnover for the
three
months ended in Aug. 2018 is calculated as
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.
Sonic's Inventory to Revenue for the
three
months ended in Aug. 2018 is calculated as
* 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.
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.
Sonic Days Inventory Related Terms
Thank you for viewing the detailed overview of Sonic's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.
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