ACCO Brands (FRA:A3B) Days Inventory : 100.82 (As of Dec. 2023)

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What is ACCO Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ACCO Brands's Average Total Inventories for the three months ended in Dec. 2023 was €323 Mil. ACCO Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was €292 Mil. Hence, ACCO Brands's Days Inventory for the three months ended in Dec. 2023 was 100.82.

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

FRA:A3B' s Days Inventory Range Over the Past 10 Years
Min: 65.6 Med: 84.39 Max: 113.05
Current: 113.05

During the past 13 years, ACCO Brands's highest Days Inventory was 113.05. The lowest was 65.60. And the median was 84.39.

FRA:A3B's Days Inventory is ranked better than
53.7% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs FRA:A3B: 113.05

ACCO Brands's Days Inventory declined from Dec. 2022 (110.34) to Dec. 2023 (100.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. ACCO Brands's Inventory Turnover for the three months ended in Dec. 2023 was 0.91.

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. ACCO Brands's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.72.

ACCO Brands Days Inventory Historical Data

The historical data trend for ACCO Brands'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.

ACCO Brands Days Inventory Chart

ACCO Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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85.02

96.57

92.05

104.17

108.56

ACCO Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															110.34	132.37	114.34	114.45	100.82

Competitive Comparison of ACCO Brands's Days Inventory

For the Business Equipment & Supplies subindustry, ACCO Brands'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.

ACCO Brands's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ACCO Brands's Days Inventory distribution charts can be found below:

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

ACCO Brands Days Inventory Calculation

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

ACCO Brands'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
=	( (373.069	+	300.317)	/	2 )	/	1132.037	*	365
=	336.693					/	1132.037	*	365
=	108.56

ACCO Brands'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
=	( (345.285	+	300.317)	/	2 )	/	292.156	*	365 / 4
=	322.801					/	292.156	*	365 / 4
=	100.82

ACCO Brands (FRA:A3B) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	292.156	/	322.801
	=	0.91

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	322.801	/	448.046
	=	0.72

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.

ACCO Brands Days Inventory Related Terms

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

ACCO Brands (FRA:A3B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ACCO Brands Corp (FRA:A3B) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ACCO:USA

Address

Four Corporate Drive, Lake Zurich, IL, USA, 60047

Website

https://www.accobrands.com

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.

ACCO Brands (FRA:A3B) Headlines

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