Silgan Holdings (Silgan Holdings) Days Inventory : 75.66 (As of Dec. 2023)

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What is Silgan Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Silgan Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $930 Mil. Silgan Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,122 Mil. Hence, Silgan Holdings's Days Inventory for the three months ended in Dec. 2023 was 75.66.

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

SLGN' s Days Inventory Range Over the Past 10 Years
Min: 53.36 Med: 61.88 Max: 72.45
Current: 72.13

During the past 13 years, Silgan Holdings's highest Days Inventory was 72.45. The lowest was 53.36. And the median was 61.88.

SLGN's Days Inventory is ranked better than
56.44% of 365 companies
in the Packaging & Containers industry
Industry Median: 78.08 vs SLGN: 72.13

Silgan Holdings's Days Inventory increased from Dec. 2022 (60.47) to Dec. 2023 (75.66). It might indicate that Silgan Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Silgan Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.21.

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. Silgan Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.69.

Silgan Holdings Days Inventory Historical Data

The historical data trend for Silgan Holdings'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.

Silgan Holdings Days Inventory Chart

Silgan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.27

58.99

56.62

53.36

62.48

Silgan Holdings 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															60.47	70.53	89.44	65.27	75.66

Competitive Comparison of Silgan Holdings's Days Inventory

For the Packaging & Containers subindustry, Silgan Holdings'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.

Silgan Holdings's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Silgan Holdings's Days Inventory distribution charts can be found below:

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

Silgan Holdings Days Inventory Calculation

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

Silgan Holdings'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
=	( (769.403	+	940.808)	/	2 )	/	4995.647	*	365
=	855.1055					/	4995.647	*	365
=	62.48

Silgan Holdings'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
=	( (919.013	+	940.808)	/	2 )	/	1121.547	*	365 / 4
=	929.9105					/	1121.547	*	365 / 4
=	75.66

Silgan Holdings (NYSE:SLGN) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1121.547	/	929.9105
	=	1.21

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	929.9105	/	1340.096
	=	0.69

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.

Silgan Holdings Days Inventory Related Terms

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

Silgan Holdings (Silgan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Silgan Holdings Inc (NYSE:SLGN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SL3:Germany

Address

4 Landmark Square, Suite 400, Stamford, CT, USA, 06901

Website

https://www.silganholdings.com

Silgan Holdings manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan's other business segments include plastic dispensers and containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.

Executives

Anthony J Allott	officer: President and COO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Thomas James Snyder	officer: President - Silgan Containers	C/O SILGAN CONTAINERS LLC, 21600 OXNARD STREET, SUITE 1600, WOODLAND HILLS CA 91367
Stacey J. Mcgrath	officer: Vice President, Tax	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Joseph M Jordan	director	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Robert B Lewis	officer: EVP and CFO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Shawn C Fabry	officer: SVP, Corporate Development	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Kimberly Irene Ulmer	officer: Vice President & Controller	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Daniel Patrick Murphy	officer: Vice President & Controller	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
B. Frederick Prinzen	officer: Vice President, Corp. Dev.	SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, STAMFORD CT 06901
Jay A Martin	officer: Vice President	P O BOX 5311, NEW CASTLE PA 16105
D Greg Horrigan	director, 10 percent owner, officer: Co-Chairman and Co-CEO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
William T Donovan	director	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE SUITE 400, STAMFORD CT 06901
Kimberly A Fields	director	C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15217
Anthony P Andreacchi	officer: Vice President, Tax	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901