Barnes & Noble (Barnes & Noble) Days Inventory

: 164.64 (As of Apr. 2019)

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Days Inventory is also known as Days Sales of Inventory (DSI). Barnes & Noble's Average Total Inventories for the three months ended in Apr. 2019 was $962 Mil. Barnes & Noble's Cost of Goods Sold for the three months ended in Apr. 2019 was $533 Mil. Hence, Barnes & Noble's Days Inventory for the three months ended in Apr. 2019 was 164.64.

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

BKS's Days Inventory is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 110.2
* Ranked among companies with meaningful Days Inventory only.

Barnes & Noble's Days Inventory increased from Apr. 2018 (158.34) to Apr. 2019 (164.64). It might indicate that Barnes & Noble's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Barnes & Noble's Inventory Turnover for the three months ended in Apr. 2019 was 0.55.

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. Barnes & Noble's Inventory-to-Revenue for the three months ended in Apr. 2019 was 1.27.

Barnes & Noble Days Inventory Historical Data

The historical data trend for Barnes & Noble'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.

Barnes & Noble Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Days Inventory

144.97

124.14

127.95

136.29

138.50

Barnes & Noble Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19
Days Inventory																158.34	152.85	174.37	117.40	164.64

Competitive Comparison

For the Specialty Retail subindustry, Barnes & Noble'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.

Barnes & Noble Days Inventory Distribution

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

* The bar in red indicates where Barnes & Noble's Days Inventory falls into.

Barnes & Noble Days Inventory Calculation

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

Barnes & Noble's Days Inventory for the fiscal year that ended in Apr. 2019 is calculated as

	Days Inventory (A: Apr. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2018 )	+	Total Inventories (A: Apr. 2019 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2019 )	*	Days in Period
=	( (958.196	+	923.714)	/	2 )	/	2479.725	*	365
=	940.955					/	2479.725	*	365
=	138.50

Barnes & Noble's Days Inventory for the quarter that ended in Apr. 2019 is calculated as:

	Days Inventory (Q: Apr. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jan. 2019 )	+	Total Inventories (Q: Apr. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2019 )	*	Days in Period
=	( (1000.306	+	923.714)	/	2 )	/	533.19	*	365 / 4
=	962.01					/	533.19	*	365 / 4
=	164.64

Barnes & Noble (NYSE:BKS) 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.

Barnes & Noble's Inventory Turnover for the three months ended in Apr. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	533.19	/	962.01
	=	0.55

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.

Barnes & Noble's Inventory to Revenue for the three months ended in Apr. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	962.01	/	755.433
	=	1.27

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.

Barnes & Noble Days Inventory Related Terms

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

Barnes & Noble (Barnes & Noble) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Barnes & Noble Inc (NYSE:BKS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

122 Fifth Avenue, New York, NY, USA, 10011

Website

http://www.barnesandnobleinc.com

Barnes & Noble is a United States-based company that is mainly engaged in retail of books and products of content, digital media, and educational products. The company operates in a multichannel model, including a physical bookstore network throughout the country, an e-commerce platform on BN.com, and its Nook digital business. The company offers books, magazines, music, DVDs, newspapers, and entertainment content, along with e-reading products under the Nook brand. Retail sales from physical stores and BN.com account for the majority of the company's total revenue.

Executives

Al Ferrara	director	433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Mark D Carleton	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Scott S Cowen	director	7=6823 ST CHARLES AVE, NEW ORLEANS LA 70118
William Earl Wood	officer: Exec. VP, Pres. of Digital	1901 CAPITAL PARKWAY, AUSTIN TX 78746
George Jr Campbell	director	4 IRVING PLACE, NEW YORK NY 10003
Patricia Higgins	director	11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Irwin D Simon	director	C/O THE HAIN CELESTIAL GROUP INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Leonard Riggio	director, 10 percent owner, officer: Executive Chairman	122 FIFTH AVE, NEW YORK NY 10011
Allen W Lindstrom	officer: Chief Financial Officer	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Bradley A. Feuer	officer: VP, Gen. Counsel & Corp. Secy	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Paul B Guenther	director	C/O GABELLI ASSET MANAGEMENT INC, ONE CORPORATE CENTER, RYE NY 16580
Joseph Charles Gorman	officer: Executive VP, Operations	C/O GNC HOLDINGS, INC. 300 SIXTH AVENUE PITTSBURGH PA 15222
Tim Mantel	officer: Chief Merchandising Officer	C/O BARNES & NOBLE, INC 122 FIFTH AVENUE NEW YORK NY 10011
Carl S Hauch	officer: Vice President, Stores	ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
Demos Parneros	director, officer: Chief Executive Officer	483 BAY ST, 7TH FL NORTH TOWER, TORONTOON A1 999999999