Days Inventory is also known as Days Sales of Inventory (DSI). Diageo's Average Total Inventories for the
six
months ended in Dec. 2023 was $9,751 Mil. Diageo's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $4,241 Mil.
Hence, Diageo's Days Inventory for the
six
months ended in Dec. 2023 was 419.63.
The historical rank and industry rank for Diageo's Days Inventory or its related term are showing as below:
DEO'
s Days Inventory Range Over the Past 10 Years
Min: 347.72 Med: 391.28 Max: 444.5
Current: 407.08
During the past 13 years, Diageo's highest Days Inventory was 444.50. The lowest was 347.72. And the median was 391.28.
DEO's Days Inventory is ranked worse than 72.55% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 158.73
vs DEO: 407.08
Diageo's Days Inventory
increased
from Dec. 2022 (378.38) to Dec. 2023 (419.63).
It might indicate that Diageo's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Diageo's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.43.
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.
Diageo's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.89.
Diageo Days Inventory Historical Data
The historical data trend for Diageo'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.
For the Beverages - Wineries & Distilleries subindustry, Diageo'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.
Diageo's Days Inventory Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diageo's Days Inventory distribution charts can be found below:
* The bar in red indicates where Diageo's Days Inventory falls into.
Diageo Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Diageo's Days Inventory for the fiscal year that ended in Jun. 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.
Diageo (NYSE:DEO) 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.
Diageo'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.
Diageo'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.
Diageo Days Inventory Related Terms
Thank you for viewing the detailed overview of Diageo's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
The product of a merger between Grand Metropolitan and Guinness in 1997, Diageo is one of the world's leading producers of branded premium spirits, approximately level with Kweichow Moutai in revenue terms. It also produces and markets beer and wine. Brands include Johnnie Walker blended scotch, Smirnoff vodka, Crown Royal Canadian whiskey, Captain Morgan rum, Casamigos tequila, Tanqueray gin, Baileys Irish Cream, and Guinness stout. Diageo also owns 34% of premium champagne and cognac maker Moet Hennessy, a subsidiary of French luxury-goods maker LVMH Moet Hennessy-Louis Vuitton, and a near-56% stake in India's United Spirits.
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