Archer-Daniels Midland Co (NYSE:ADM) Days Inventory

: 52.94 (As of Dec. 2022)

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Days Inventory is also known as Days Sales of Inventory (DSI). Archer-Daniels Midland Co's Average Total Inventories for the three months ended in Dec. 2022 was $14,027 Mil. Archer-Daniels Midland Co's Cost of Goods Sold for the three months ended in Dec. 2022 was $24,177 Mil. Hence, Archer-Daniels Midland Co's Days Inventory for the three months ended in Dec. 2022 was 52.94.

The historical rank and industry rank for Archer-Daniels Midland Co's Days Inventory or its related term are showing as below:

ADM' s Days Inventory Range Over the Past 10 Years
Min: 49.7 Med: 54.4 Max: 63.62
Current: 57.72

During the past 13 years, Archer-Daniels Midland Co's highest Days Inventory was 63.62. The lowest was 49.70. And the median was 54.40.

ADM's Days Inventory is ranked better than
67.7% of 1740 companies
in the Consumer Packaged Goods industry
Industry Median: 80.03 vs ADM: 57.72

Archer-Daniels Midland Co's Days Inventory declined from Dec. 2021 (54.58) to Dec. 2022 (52.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. Archer-Daniels Midland Co's Inventory Turnover for the three months ended in Dec. 2022 was 1.72.

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. Archer-Daniels Midland Co's Inventory-to-Revenue for the three months ended in Dec. 2022 was 0.54.

Archer-Daniels Midland Co Days Inventory Historical Data

The historical data trend for Archer-Daniels Midland Co'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.

Archer-Daniels Midland Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

54.56

54.24

63.62

60.31

56.80

Archer-Daniels Midland Co Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Inventory																54.58	66.64	57.57	55.39	52.94

Competitive Comparison

For the Farm Products subindustry, Archer-Daniels Midland Co'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.

Annual Data Quarterly Data

Archer-Daniels Midland Co Days Inventory Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Archer-Daniels Midland Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Archer-Daniels Midland Co's Days Inventory falls in comparison to its industry or sector. The grey bar indicates the Days Inventory's extreme value range as defined by GuruFocus.

Archer-Daniels Midland Co Days Inventory Calculation

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

Archer-Daniels Midland Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (14481	+	14771)	/	2 )	/	93986	*	365
=	14626					/	93986	*	365
=	56.80

Archer-Daniels Midland Co's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (13282	+	14771)	/	2 )	/	24177	*	365 / 4
=	14026.5					/	24177	*	365 / 4
=	52.94

Archer-Daniels Midland Co (NYSE:ADM) 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.

Archer-Daniels Midland Co's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24177	/	14026.5
	=	1.72

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.

Archer-Daniels Midland Co's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14026.5	/	25939
	=	0.54

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.

Archer-Daniels Midland Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Archer-Daniels Midland Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Archer-Daniels Midland Co (NYSE:ADM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Archer-Daniels Midland Co (NYSE:ADM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ADM:Mexico ADM:Germany A1DM34:Brazil ARDA:Austria

Address

77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601

Website

https://www.adm.com

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. Additionally, the company owns an extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients. The company is also a large producer of corn-based sweeteners, starches, and ethanol.

Executives

Collins James C. Jr.	director	1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Theodore Iii Colbert	director	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596
Strader Fruit Molly L	officer: Vice Pres., Corp. Controller	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Jennifer L Weber	officer: Senior Vice President	1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Lei Zhang Schlitz	director	5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Michael S Burke	director	C/O AECOM TECHNOLOGY CORPORATION, 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Stefano Rettore	officer: Senior Vice President	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Suzan F. Harrison	director	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Debra A. Sandler	director	KEURIG DR PEPPER INC., 53 SOUTH AVE., BURLINGTON MA 01803
Vincent F Macciocchi	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Christopher M Cuddy	officer: President-Corn	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Gregory A Morris	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Francisco J Sanchez	director	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Benjamin I Bard	officer: Vice President	4666 FARIES PARKWAY, DECATUR IL 62526
D Cameron Findlay	officer: Senior Vice President	77 W. WACKER DR., SUITE 2600, CHICAGO IL 60601