Days Inventory is also known as Days Sales of Inventory (DSI). Veritiv's Average Total Inventories for the
three
months ended in Sep. 2023 was $471 Mil. Veritiv's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $1,098 Mil.
Hence, Veritiv's Days Inventory for the
three
months ended in Sep. 2023 was 39.17.
The historical rank and industry rank for Veritiv's Days Inventory or its related term are showing as below:
VRTV'
s Days Inventory Range Over the Past 10 Years
Min: 26.05 Med: 35.75 Max: 38.19
Current: 36.21
During the past 12 years, Veritiv's highest Days Inventory was 38.19. The lowest was 26.05. And the median was 35.75.
VRTV's Days Inventory is not ranked
in the Conglomerates industry.
Industry Median: 72.615
vs VRTV: 36.21
Veritiv's Days Inventory
increased
from Sep. 2022 (28.69) to Sep. 2023 (39.17).
It might indicate that Veritiv's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Veritiv's Inventory Turnover for the
three
months ended in Sep. 2023 was 2.33.
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.
Veritiv's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.32.
Veritiv Days Inventory Historical Data
The historical data trend for Veritiv'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 Veritiv's Days Inventory
For the Conglomerates subindustry, Veritiv'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.
Veritiv's Days Inventory Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Veritiv's Days Inventory distribution charts can be found below:
* The bar in red indicates where Veritiv's Days Inventory falls into.
Veritiv Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Veritiv's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Veritiv (NYSE:VRTV) 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.
Veritiv's Inventory Turnover for the
three
months ended in Sep. 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.
Veritiv's Inventory to Revenue for the
three
months ended in Sep. 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.
Veritiv Days Inventory Related Terms
Thank you for viewing the detailed overview of Veritiv's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.
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