Akzo Nobel NV (Akzo Nobel NV) Days Inventory : 100.87 (As of Mar. 2024)

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What is Akzo Nobel NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Akzo Nobel NV's Average Total Inventories for the three months ended in Mar. 2024 was $1,866 Mil. Akzo Nobel NV's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,688 Mil. Hence, Akzo Nobel NV's Days Inventory for the three months ended in Mar. 2024 was 100.87.

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

AKZOF' s Days Inventory Range Over the Past 10 Years
Min: 62.5 Med: 88.75 Max: 108.68
Current: 101.09

During the past 13 years, Akzo Nobel NV's highest Days Inventory was 108.68. The lowest was 62.50. And the median was 88.75.

AKZOF's Days Inventory is ranked worse than
61.94% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs AKZOF: 101.09

Akzo Nobel NV's Days Inventory increased from Mar. 2023 (99.76) to Mar. 2024 (100.87). It might indicate that Akzo Nobel NV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Akzo Nobel NV's Inventory Turnover for the three months ended in Mar. 2024 was 0.90.

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. Akzo Nobel NV's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.65.

Akzo Nobel NV Days Inventory Historical Data

The historical data trend for Akzo Nobel NV'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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Akzo Nobel NV Days Inventory Chart

Akzo Nobel NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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79.17

84.59

93.06

94.98

97.56

Akzo Nobel NV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															99.76	99.74	98.65	100.93	100.87

Competitive Comparison of Akzo Nobel NV's Days Inventory

For the Specialty Chemicals subindustry, Akzo Nobel NV'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.

Akzo Nobel NV's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Akzo Nobel NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Akzo Nobel NV's Days Inventory falls into.

Akzo Nobel NV Days Inventory Calculation

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

Akzo Nobel NV's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1952.331	+	1798.255)	/	2 )	/	7016.358	*	365
=	1875.293					/	7016.358	*	365
=	97.56

Akzo Nobel NV's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1798.255	+	1933.696)	/	2 )	/	1688.043	*	365 / 4
=	1865.9755					/	1688.043	*	365 / 4
=	100.87

Akzo Nobel NV (OTCPK:AKZOF) 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.

Akzo Nobel NV's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1688.043	/	1865.9755
	=	0.90

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.

Akzo Nobel NV's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1865.9755	/	2869.565
	=	0.65

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.

Akzo Nobel NV Days Inventory Related Terms

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Akzo Nobel NV (Akzo Nobel NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Akzo Nobel NV (OTCPK:AKZOF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AKZOY:USA AKZA:Netherlands AKZAa:UK 0LND:UK AKU1:Germany AKZO:Austria

Address

Christian Neefestraat 2, Amsterdam, NH, NLD, 1077 WW

Website

https://www.akzonobel.com

Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 46% of sales generated in the Europe, Middle East, and Africa, or EMEA, region. Cumulatively, the Asia-Pacific and Latin American divisions have also grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.