KONE Oyj (KONE Oyj) Days Inventory : 33.16 (As of Mar. 2024)

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What is KONE Oyj Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). KONE Oyj's Average Total Inventories for the three months ended in Mar. 2024 was $883 Mil. KONE Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,429 Mil. Hence, KONE Oyj's Days Inventory for the three months ended in Mar. 2024 was 33.16.

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

KNYJF' s Days Inventory Range Over the Past 10 Years
Min: 25.33 Med: 46.04 Max: 66.24
Current: 59.45

During the past 13 years, KONE Oyj's highest Days Inventory was 66.24. The lowest was 25.33. And the median was 46.04.

KNYJF's Days Inventory is ranked better than
84.69% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs KNYJF: 59.45

KONE Oyj's Days Inventory declined from Mar. 2023 (33.39) to Mar. 2024 (33.16).

Inventory Turnover measures how fast the company turns over its inventory within a year. KONE Oyj's Inventory Turnover for the three months ended in Mar. 2024 was 2.75.

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. KONE Oyj's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.32.

KONE Oyj Days Inventory Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Days Inventory Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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25.63

44.43

46.54

52.42

57.22

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															33.39	30.37	32.68	-	33.16

Competitive Comparison of KONE Oyj's Days Inventory

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's Days Inventory Distribution in the Industrial Products Industry

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

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

KONE Oyj Days Inventory Calculation

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

KONE Oyj'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
=	( (869.703	+	874.809)	/	2 )	/	5564.45	*	365
=	872.256					/	5564.45	*	365
=	57.22

KONE Oyj's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (874.809	+	890.326)	/	2 )	/	2428.696	*	365 / 4
=	882.5675					/	2428.696	*	365 / 4
=	33.16

KONE Oyj (OTCPK:KNYJF) 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.

KONE Oyj's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2428.696	/	882.5675
	=	2.75

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.

KONE Oyj's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	882.5675	/	2791.522
	=	0.32

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.

KONE Oyj Days Inventory Related Terms

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

KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KNYJY:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.