IHS Holding (IHS Holding) Days Inventory : 19.73 (As of Dec. 2023)

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What is IHS Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). IHS Holding's Average Total Inventories for the three months ended in Dec. 2023 was $50 Mil. IHS Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $234 Mil. Hence, IHS Holding's Days Inventory for the three months ended in Dec. 2023 was 19.73.

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

IHS' s Days Inventory Range Over the Past 10 Years
Min: 16.9 Med: 18.35 Max: 21.92
Current: 16.9

During the past 6 years, IHS Holding's highest Days Inventory was 21.92. The lowest was 16.90. And the median was 18.35.

IHS's Days Inventory is ranked better than
54.7% of 298 companies
in the Telecommunication Services industry
Industry Median: 19.215 vs IHS: 16.90

IHS Holding's Days Inventory increased from Dec. 2022 (19.47) to Dec. 2023 (19.73). It might indicate that IHS Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IHS Holding's Inventory Turnover for the three months ended in Dec. 2023 was 4.63.

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. IHS Holding's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

IHS Holding Days Inventory Historical Data

The historical data trend for IHS Holding'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.

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IHS Holding Days Inventory Chart

IHS Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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21.92

21.32

18.35

18.33

17.71

IHS Holding Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												19.47	20.87	16.21	11.62	19.73

Competitive Comparison of IHS Holding's Days Inventory

For the Telecom Services subindustry, IHS Holding'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.

IHS Holding's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, IHS Holding's Days Inventory distribution charts can be found below:

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

IHS Holding Days Inventory Calculation

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

IHS Holding'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
=	( (74.216	+	40.589)	/	2 )	/	1183.306	*	365
=	57.4025					/	1183.306	*	365
=	17.71

IHS Holding'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
=	( (60.381	+	40.589)	/	2 )	/	233.532	*	365 / 4
=	50.485					/	233.532	*	365 / 4
=	19.73

IHS Holding (NYSE:IHS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	233.532	/	50.485
	=	4.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	50.485	/	509.784
	=	0.10

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.

IHS Holding Days Inventory Related Terms

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IHS Holding (IHS Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » IHS Holding Ltd (NYSE:IHS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

4JB:Germany

Address

123 Victoria Street, 1 Cathedral Piazza, London, GBR, SW1E 5BP

Website

https://www.ihstowers.com

IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, most of who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria, Sub-Saharan Africa, Middle East and North Africa (MENA), and Latin America (Latam). The majority of its revenue is derived from Nigeria.