Days Inventory is also known as Days Sales of Inventory (DSI). Macy's's Average Total Inventories for the
three
months ended in Jan. 2024 was $5,193 Mil. Macy's's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $5,076 Mil.
Hence, Macy's's Days Inventory for the
three
months ended in Jan. 2024 was 93.35.
The historical rank and industry rank for Macy's's Days Inventory or its related term are showing as below:
M'
s Days Inventory Range Over the Past 10 Years
Min: 99.54 Med: 123.04 Max: 133.12
Current: 120.73
During the past 13 years, Macy's's highest Days Inventory was 133.12. The lowest was 99.54. And the median was 123.04.
M's Days Inventory is ranked worse than 54.49% of 1068
companies
in the Retail - Cyclical industry
Industry Median: 110.295
vs M: 120.73
Macy's's Days Inventory
increased
from Jan. 2023 (89.32) to Jan. 2024 (93.35).
It might indicate that Macy's's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Macy's's Inventory Turnover for the
three
months ended in Jan. 2024 was 0.98.
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.
Macy's's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.62.
Macy's Days Inventory Historical Data
The historical data trend for Macy's'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 Department Stores subindustry, Macy's'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.
Macy's Days Inventory Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Days Inventory distribution charts can be found below:
* The bar in red indicates where Macy's's Days Inventory falls into.
Macy's Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Macy's's Days Inventory for the fiscal year that ended in Jan. 2024 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.
Macy's (NYSE:M) 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.
Macy's's Inventory Turnover for the
three
months ended in Jan. 2024 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.
Macy's's Inventory to Revenue for the
three
months ended in Jan. 2024 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.
Macy's Days Inventory Related Terms
Thank you for viewing the detailed overview of Macy's's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 61% of Macy's 2022 sales.
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