PPG Industries (PPG Industries) Days Inventory : 83.19 (As of Mar. 2024)

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What is PPG Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PPG Industries's Average Total Inventories for the three months ended in Mar. 2024 was $2,229 Mil. PPG Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,445 Mil. Hence, PPG Industries's Days Inventory for the three months ended in Mar. 2024 was 83.19.

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

PPG' s Days Inventory Range Over the Past 10 Years
Min: 69.3 Med: 74.2 Max: 81.66
Current: 81.17

During the past 13 years, PPG Industries's highest Days Inventory was 81.66. The lowest was 69.30. And the median was 74.20.

PPG's Days Inventory is ranked better than
51.61% of 1494 companies
in the Chemicals industry
Industry Median: 83.765 vs PPG: 81.17

PPG Industries's Days Inventory declined from Mar. 2023 (85.61) to Mar. 2024 (83.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. PPG Industries's Inventory Turnover for the three months ended in Mar. 2024 was 1.10.

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. PPG Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.52.

PPG Industries Days Inventory Historical Data

The historical data trend for PPG Industries'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.

PPG Industries Days Inventory Chart

PPG Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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73.67

80.84

69.30

73.08

74.72

PPG Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															85.61	81.27	78.30	78.31	83.19

Competitive Comparison of PPG Industries's Days Inventory

For the Specialty Chemicals subindustry, PPG Industries'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.

PPG Industries's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PPG Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where PPG Industries's Days Inventory falls into.

PPG Industries Days Inventory Calculation

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

PPG Industries'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
=	( (2272	+	2127)	/	2 )	/	10745	*	365
=	2199.5					/	10745	*	365
=	74.72

PPG Industries's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2127	+	2331)	/	2 )	/	2445	*	365 / 4
=	2229					/	2445	*	365 / 4
=	83.19

PPG Industries (NYSE:PPG) 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.

PPG Industries's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2445	/	2229
	=	1.10

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.

PPG Industries's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2229	/	4311
	=	0.52

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.

PPG Industries Days Inventory Related Terms

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

PPG Industries (PPG Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PPG Industries Inc (NYSE:PPG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PPG:Mexico PPQ:Germany

Address

One PPG Place, Pittsburgh, PA, USA, 15272

Website

https://www.ppg.com

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

Executives

Iii Chris Roberts	director	1716 LOCUST ST. LS-175, 7TH FLOOR, DES MOINES IA 50309
Vincent J Morales	officer: Senior VP & CFO	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Michael H Mcgarry	officer: Senior Vice President	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Chancey E. Hagerty	officer: Sr. VP, Auto. Refinish Ctgs.	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Karl Henrik Bergstrom	officer: Sr.VP, Arch Ctgs LA, EMEA, AP	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Kevin D. Braun	officer: Sr. VP, Industrial Coatings	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Anne M. Foulkes	officer: Sr. VP, Gen. Counsel & Secrtry	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Rebecca B. Liebert	officer: Sr. VP, Automotive Coatings	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian Richard Williams	officer: Acting Controller	ONE PPG PLACE, PITTSBURGH PA 15272
Timothy M Knavish	officer: Sr. VP, Automotive Coatings	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Guillermo Novo	director	AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Michael Nally	director	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
William E Schaupp	officer: Assistant Controller (PAO)	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Kathleen Ligocki	director	3296 PINE LAKE ROAD, WEST BLOOMFIELD MI 48324
Vadlamannati Ramaprasad	officer: Sr. VP, Protect. & Marine Ctgs	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272