Birks Group (Birks Group) Days Inventory : 316.33 (As of Sep. 2023)

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What is Birks Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Birks Group's Average Total Inventories for the six months ended in Sep. 2023 was $66.3 Mil. Birks Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $38.2 Mil. Hence, Birks Group's Days Inventory for the six months ended in Sep. 2023 was 316.33.

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

BGI' s Days Inventory Range Over the Past 10 Years
Min: 276.99 Med: 342.06 Max: 667.49
Current: 314.3

During the past 13 years, Birks Group's highest Days Inventory was 667.49. The lowest was 276.99. And the median was 342.06.

BGI's Days Inventory is ranked worse than
88.74% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.765 vs BGI: 314.30

Birks Group's Days Inventory declined from Sep. 2022 (318.25) to Sep. 2023 (316.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Birks Group's Inventory Turnover for the six months ended in Sep. 2023 was 0.58.

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. Birks Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.02.

Birks Group Days Inventory Historical Data

The historical data trend for Birks Group'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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Birks Group Days Inventory Chart

Birks Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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353.74

343.41

398.88

307.99

333.61

Birks Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															343.34	275.71	318.25	314.47	316.33

Competitive Comparison of Birks Group's Days Inventory

For the Luxury Goods subindustry, Birks Group'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.

Birks Group's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

Birks Group Days Inventory Calculation

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

Birks Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (62.328	+	64.574)	/	2 )	/	69.422	*	365
=	63.451					/	69.422	*	365
=	333.61

Birks Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (64.574	+	68.01)	/	2 )	/	38.246	*	365 / 2
=	66.292					/	38.246	*	365 / 2
=	316.33

Birks Group (AMEX:BGI) 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.

Birks Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38.246	/	66.292
	=	0.58

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.

Birks Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	66.292	/	64.901
	=	1.02

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.

Birks Group Days Inventory Related Terms

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

Birks Group (Birks Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Birks Group Inc (AMEX:BGI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2BG:Germany

Address

2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, CAN, H3A 2A5

Website

https://www.birks.com

Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.