Pandora A/S (Pandora A/S) Days Inventory : 180.88 (As of Dec. 2023)

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What is Pandora A/S Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pandora A/S's Average Total Inventories for the three months ended in Dec. 2023 was $650 Mil. Pandora A/S's Cost of Goods Sold for the three months ended in Dec. 2023 was $328 Mil. Hence, Pandora A/S's Days Inventory for the three months ended in Dec. 2023 was 180.88.

The historical rank and industry rank for Pandora A/S's Days Inventory or its related term are showing as below:

PNDZF' s Days Inventory Range Over the Past 10 Years
Min: 160.92 Med: 167.96 Max: 267.03
Current: 267.03

During the past 13 years, Pandora A/S's highest Days Inventory was 267.03. The lowest was 160.92. And the median was 167.96.

PNDZF's Days Inventory is ranked worse than
85.21% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.545 vs PNDZF: 267.03

Pandora A/S's Days Inventory increased from Dec. 2022 (175.63) to Dec. 2023 (180.88). It might indicate that Pandora A/S's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pandora A/S's Inventory Turnover for the three months ended in Dec. 2023 was 0.50.

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. Pandora A/S's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.41.

Pandora A/S Days Inventory Historical Data

The historical data trend for Pandora A/S'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.

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Pandora A/S Days Inventory Chart

Pandora A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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164.43

153.31

166.09

215.37

250.91

Pandora A/S 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															175.63	294.99	309.49	365.59	180.88

Competitive Comparison of Pandora A/S's Days Inventory

For the Luxury Goods subindustry, Pandora A/S'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.

Pandora A/S's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora A/S's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pandora A/S's Days Inventory falls into.

Pandora A/S Days Inventory Calculation

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

Pandora A/S'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
=	( (599.61	+	609.528)	/	2 )	/	879.47	*	365
=	604.569					/	879.47	*	365
=	250.91

Pandora A/S'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
=	( (690.356	+	609.528)	/	2 )	/	327.881	*	365 / 4
=	649.942					/	327.881	*	365 / 4
=	180.88

Pandora A/S (OTCPK:PNDZF) 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.

Pandora A/S's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	327.881	/	649.942
	=	0.50

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.

Pandora A/S's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	649.942	/	1583.075
	=	0.41

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.

Pandora A/S Days Inventory Related Terms

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

Pandora A/S (Pandora A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pandora A/S (OTCPK:PNDZF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PANDY:USA PNDORc:UK 0NQC:UK PNDORA:Denmark 3P7:Germany

Address

Havneholmen 17-19, Copenhagen, DNK, DK-1561

Website

https://www.pandoragroup.com

Pandora is a premium jewelry brand and the market leader in the charm bracelet category. The company was established in the 1980s in Denmark and since then has expanded globally. Pandora has over 2,500 concept stores globally (1,600 owned and operated, and the remainder run by its franchise partners) as well as multibrand locations and stores-in-stores. Pandora owned retail accounts for 51% of sales, own online channels for 21% and wholesale for the remainder. Charms and bracelets account for almost three fourths of its sales. The firm produces mostly internally in two jewelry-crafting facilities in Thailand.