Days Inventory is also known as Days Sales of Inventory (DSI). Axfood AB's Average Total Inventories for the
three
months ended in Mar. 2024 was $418 Mil. Axfood AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $1,661 Mil.
Hence, Axfood AB's Days Inventory for the
three
months ended in Mar. 2024 was 22.94.
The historical rank and industry rank for Axfood AB's Days Inventory or its related term are showing as below:
AXFOF'
s Days Inventory Range Over the Past 10 Years
Min: 20.08 Med: 20.72 Max: 22.26
Current: 22.26
During the past 13 years, Axfood AB's highest Days Inventory was 22.26. The lowest was 20.08. And the median was 20.72.
AXFOF's Days Inventory is ranked better than 72.7% of 304
companies
in the Retail - Defensive industry
Industry Median: 36.455
vs AXFOF: 22.26
Axfood AB's Days Inventory
declined
from Mar. 2023 (23.18) to Mar. 2024 (22.94).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Axfood AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 3.98.
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.
Axfood AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.21.
Axfood AB Days Inventory Historical Data
The historical data trend for Axfood AB'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 Axfood AB's Days Inventory
For the Grocery Stores subindustry, Axfood AB'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.
Axfood AB's Days Inventory Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where Axfood AB's Days Inventory falls into.
Axfood AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Axfood AB's Days Inventory for the fiscal year that 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.
Axfood AB (OTCPK:AXFOF) 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.
Axfood AB's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Axfood AB's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Axfood AB Days Inventory Related Terms
Thank you for viewing the detailed overview of Axfood AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.
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