Days Inventory is also known as Days Sales of Inventory (DSI). Heineken NV's Average Total Inventories for the
six
months ended in Dec. 2023 was $4,396 Mil. Heineken NV's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $11,312 Mil.
Hence, Heineken NV's Days Inventory for the
six
months ended in Dec. 2023 was 70.93.
The historical rank and industry rank for Heineken NV's Days Inventory or its related term are showing as below:
HEINY'
s Days Inventory Range Over the Past 10 Years
Min: 46.6 Med: 50.18 Max: 68.73
Current: 68.73
During the past 13 years, Heineken NV's highest Days Inventory was 68.73. The lowest was 46.60. And the median was 50.18.
HEINY's Days Inventory is ranked better than 79.9% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 160.5
vs HEINY: 68.73
Heineken NV's Days Inventory
increased
from Dec. 2022 (58.05) to Dec. 2023 (70.93).
It might indicate that Heineken NV's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Heineken NV's Inventory Turnover for the
six
months ended in Dec. 2023 was 2.57.
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.
Heineken NV's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.25.
Heineken NV Days Inventory Historical Data
The historical data trend for Heineken 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.
Competitive Comparison of Heineken NV's Days Inventory
For the Beverages - Brewers subindustry, Heineken 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.
Heineken NV's Days Inventory Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's Days Inventory distribution charts can be found below:
* The bar in red indicates where Heineken NV's Days Inventory falls into.
Heineken NV Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Heineken NV's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Heineken NV (OTCPK:HEINY) 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.
Heineken NV's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Heineken NV's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
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.
Heineken NV Days Inventory Related Terms
Thank you for viewing the detailed overview of Heineken NV's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Heineken sold 257 million hectolitres of beer in 2022, and is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
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