Ashland (Ashland) Days Inventory

: 147.70 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Ashland's Average Total Inventories for the three months ended in Dec. 2023 was $607 Mil. Ashland's Cost of Goods Sold for the three months ended in Dec. 2023 was $375 Mil. Hence, Ashland's Days Inventory for the three months ended in Dec. 2023 was 147.70.

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

ASH' s Days Inventory Range Over the Past 10 Years
Min: 60.36 Med: 129.45 Max: 160.43
Current: 160.43

During the past 13 years, Ashland's highest Days Inventory was 160.43. The lowest was 60.36. And the median was 129.45.

ASH's Days Inventory is ranked worse than
83.12% of 1493 companies
in the Chemicals industry
Industry Median: 83.51 vs ASH: 160.43

Ashland's Days Inventory declined from Dec. 2022 (171.47) to Dec. 2023 (147.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ashland's Inventory Turnover for the three months ended in Dec. 2023 was 0.62.

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. Ashland's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.28.

Ashland Days Inventory Historical Data

The historical data trend for Ashland'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.

Ashland Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

145.44

142.06

123.99

128.84

150.39

Ashland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																171.47	163.40	178.78	156.93	147.70

Competitive Comparison

For the Specialty Chemicals subindustry, Ashland'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.

Ashland Days Inventory Distribution

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

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

Ashland Days Inventory Calculation

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

Ashland's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (629	+	626)	/	2 )	/	1523	*	365
=	627.5					/	1523	*	365
=	150.39

Ashland's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (626	+	588)	/	2 )	/	375	*	365 / 4
=	607					/	375	*	365 / 4
=	147.70

Ashland (NYSE:ASH) 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.

Ashland's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	375	/	607
	=	0.62

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.

Ashland's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	607	/	473
	=	1.28

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.

Ashland Days Inventory Related Terms

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

Ashland (Ashland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashland Inc (NYSE:ASH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AHT:Germany

Address

8145 Blazer Drive, Wilmington, DE, USA, 19808

Website

http://www.ashland.com

Ashland Inc is a world-wide specialty materials company that serves a wide range of industrial markets. The company has a business-centric operating model and is organized into four distinct segments: life sciences, personal care, specialty additives, and intermediates. Key customers for the firm include pharmaceutical companies and manufacturers of personal care products, food and beverages, and nutraceuticals and supplements. The life sciences segment derives maximum revenue. Ashland includes only U.S. and Canada in its North America designation and includes Europe, the Middle East and Africa in its Europe designation.

Executives

Eric N Boni	officer: Principal Accounting Officer	8145 BLAZER DRIVE, WILMINGTON DE 19808
J Kevin Willis	officer: Chief Financial Officer	50 E RIVERCENTER BLVD, COVINGTON KY 41011
James P. Minicucci	officer: SVP Strategy, M&A & Portfolio	5474 RINGS ROAD, NORTH TOWER, 5TH FLOOR, DUBLIN OH 43017
Karl R. Bostaph	officer: SVP Operations	5474 RINGS ROAD, NORTH TOWER, 5TH FLOOR, DUBLIN OH 43017
Robin E. Lampkin	officer: SVP, Gen. Counsel & Secretary	5475 RINGS ROAD, NORTH TOWER, 5TH FLOOR, DUBLIN OH 43017
Sergio Pedreiro	director	2 PARK AVENUE, NEW YORK NY 10016
Eileen Drury	officer: SVP and Chief Human Resources	8145 BLAZER DRIVE, WILMINGTON DE 19808
Ricky C Sandler	director, other: See Remarks	65 EAST 55TH STREET, 25TH FLOOR, NEW YORK NY 10022
Steven D Bishop	director	ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Suzan F. Harrison	director	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Guillermo Novo	director, officer: Chairman and CEO	AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Winkler Von Mohrenfels Petra Yvonne	officer: Sr. VP, GC and Secretary	8145 BLAZER DRIVE, WILMINGTON DE 19808
Min Chong	officer: Sr VP & Gen Mgr, Spc Additives	8145 BLAZER DRIVE, WILMINGTON DE 19808
Osama M Musa	officer: Sr. Vice President	ASHLAND GLOBAL HOLDINGS INC, 1005 ROUTE 202/206, BRIDGEWATER NJ 08807
Swaminathan Ashok Kalyana	officer: Sr VP & Gen Mgr, Life Sciences	8145 BLAZER DRIVE, WILMINGTON DE 19808