Dole (DOLE) Days Inventory : 17.71 (As of Dec. 2023)

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What is Dole Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dole's Average Total Inventories for the three months ended in Dec. 2023 was $373 Mil. Dole's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,920 Mil. Hence, Dole's Days Inventory for the three months ended in Dec. 2023 was 17.71.

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

DOLE' s Days Inventory Range Over the Past 10 Years
Min: 10.83 Med: 17.99 Max: 19.78
Current: 18.34

During the past 6 years, Dole's highest Days Inventory was 19.78. The lowest was 10.83. And the median was 17.99.

DOLE's Days Inventory is ranked better than
95.69% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs DOLE: 18.34

Dole's Days Inventory declined from Dec. 2022 (20.41) to Dec. 2023 (17.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. Dole's Inventory Turnover for the three months ended in Dec. 2023 was 5.15.

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. Dole's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.18.

Dole Days Inventory Historical Data

The historical data trend for Dole'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.

Dole Days Inventory Chart

Dole Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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10.83

11.64

17.99

19.78

18.68

Dole Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												20.41	20.16	17.78	17.48	17.71

Competitive Comparison of Dole's Days Inventory

For the Farm Products subindustry, Dole'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.

Dole's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dole's Days Inventory distribution charts can be found below:

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

Dole Days Inventory Calculation

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

Dole'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
=	( (394.15	+	378.592)	/	2 )	/	7551.098	*	365
=	386.371					/	7551.098	*	365
=	18.68

Dole'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
=	( (366.718	+	378.592)	/	2 )	/	1920.077	*	365 / 4
=	372.655					/	1920.077	*	365 / 4
=	17.71

Dole (NYSE:DOLE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1920.077	/	372.655
	=	5.15

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	372.655	/	2072.255
	=	0.18

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.

Dole Days Inventory Related Terms

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

Dole (DOLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dole PLC (NYSE:DOLE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

4CB:Germany

Address

29 North Anne Street, Dublin, IRL, D07 PH36

Website

https://www.doleplc.com

Dole PLC through its subsidiaries operates in the North American and European markets for fresh fruits and vegetables. The company's segment includes Fresh Fruit; Diversified Fresh Produce - EMEA; Diversified Fresh Produce - Americas and ROW and Fresh Vegetables. It generates maximum revenue from the Diversified Fresh Produce - EMEA segment. Diversified Fresh Produce - EMEA segment includes Dole's Irish, Dutch, Spanish, Portuguese, French, Italian, U.K., Swedish, Danish, South African, Eastern European, and Brazilian businesses, the majority of which sell a variety of imported and local fresh fruits and vegetables through retail, wholesale and, in some instances, food service channels across the European marketplace.