Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Days Inventory

: 47.51 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Coca-Cola Europacific Partners's Average Total Inventories for the six months ended in Dec. 2023 was $1,668 Mil. Coca-Cola Europacific Partners's Cost of Goods Sold for the six months ended in Dec. 2023 was $6,407 Mil. Hence, Coca-Cola Europacific Partners's Days Inventory for the six months ended in Dec. 2023 was 47.51.

The historical rank and industry rank for Coca-Cola Europacific Partners's Days Inventory or its related term are showing as below:

CCEP' s Days Inventory Range Over the Past 10 Years
Min: 32.1 Med: 35.23 Max: 46.75
Current: 46.75

During the past 13 years, Coca-Cola Europacific Partners's highest Days Inventory was 46.75. The lowest was 32.10. And the median was 35.23.

CCEP's Days Inventory is ranked better than
73.15% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 66.165 vs CCEP: 46.75

Coca-Cola Europacific Partners's Days Inventory increased from Dec. 2022 (43.79) to Dec. 2023 (47.51). It might indicate that Coca-Cola Europacific Partners's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coca-Cola Europacific Partners's Inventory Turnover for the six months ended in Dec. 2023 was 3.84.

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. Coca-Cola Europacific Partners's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Coca-Cola Europacific Partners Days Inventory Historical Data

The historical data trend for Coca-Cola Europacific Partners'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.

Coca-Cola Europacific Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

35.22

35.63

39.76

43.00

42.49

Coca-Cola Europacific Partners Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory																46.69	45.67	43.79	48.98	47.51

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners'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.

Coca-Cola Europacific Partners Days Inventory Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Europacific Partners's Days Inventory distribution charts can be found below:

* The bar in red indicates where Coca-Cola Europacific Partners's Days Inventory falls into.

Coca-Cola Europacific Partners Days Inventory Calculation

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

Coca-Cola Europacific Partners'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
=	( (1461.864	+	1478.735)	/	2 )	/	12630.317	*	365
=	1470.2995					/	12630.317	*	365
=	42.49

Coca-Cola Europacific Partners'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1856.988	+	1478.735)	/	2 )	/	6406.761	*	365 / 2
=	1667.8615					/	6406.761	*	365 / 2
=	47.51

Coca-Cola Europacific Partners (NAS:CCEP) 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.

Coca-Cola Europacific Partners's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6406.761	/	1667.8615
	=	3.84

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.

Coca-Cola Europacific Partners's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1667.8615	/	10169.029
	=	0.16

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.

Coca-Cola Europacific Partners Days Inventory Related Terms

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

Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Europacific Partners PLC (NAS:CCEP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CCEP:Netherlands CCEPa:UK CCEP:UK CCEP:Spain CK0:Germany CK0:Germany

Address

Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ

Website

https://www.cocacolaep.com

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (78% of 2022 revenue and 73% of EBIT) and Australasia (22% and 27%, respectively). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2022, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsasold 3.75 billion unit cases (11%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.7 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.