Irani Papel E Embalagem (BSP:RANI3) Days Inventory : 51.90 (As of Sep. 2023)

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What is Irani Papel E Embalagem Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Irani Papel E Embalagem's Average Total Inventories for the three months ended in Sep. 2023 was R$124 Mil. Irani Papel E Embalagem's Cost of Goods Sold for the three months ended in Sep. 2023 was R$217 Mil. Hence, Irani Papel E Embalagem's Days Inventory for the three months ended in Sep. 2023 was 51.90.

The historical rank and industry rank for Irani Papel E Embalagem's Days Inventory or its related term are showing as below:

BSP:RANI3' s Days Inventory Range Over the Past 10 Years
Min: 40.12 Med: 43.49 Max: 53.35
Current: 53.06

During the past 13 years, Irani Papel E Embalagem's highest Days Inventory was 53.35. The lowest was 40.12. And the median was 43.49.

BSP:RANI3's Days Inventory is ranked better than
77.38% of 367 companies
in the Packaging & Containers industry
Industry Median: 78.45 vs BSP:RANI3: 53.06

Irani Papel E Embalagem's Days Inventory increased from Sep. 2022 (41.61) to Sep. 2023 (51.90). It might indicate that Irani Papel E Embalagem's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Irani Papel E Embalagem's Inventory Turnover for the three months ended in Sep. 2023 was 1.76.

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. Irani Papel E Embalagem's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.30.

Irani Papel E Embalagem Days Inventory Historical Data

The historical data trend for Irani Papel E Embalagem'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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Irani Papel E Embalagem Days Inventory Chart

Irani Papel E Embalagem Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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49.35

43.05

44.01

40.49

53.35

Irani Papel E Embalagem Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															41.61	51.23	57.93	56.05	51.90

Competitive Comparison of Irani Papel E Embalagem's Days Inventory

For the Packaging & Containers subindustry, Irani Papel E Embalagem'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.

Irani Papel E Embalagem's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Irani Papel E Embalagem's Days Inventory distribution charts can be found below:

* The bar in red indicates where Irani Papel E Embalagem's Days Inventory falls into.

Irani Papel E Embalagem Days Inventory Calculation

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

Irani Papel E Embalagem'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
=	( (123.058	+	133.758)	/	2 )	/	878.594	*	365
=	128.408					/	878.594	*	365
=	53.35

Irani Papel E Embalagem's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (128.101	+	119.101)	/	2 )	/	217.31	*	365 / 4
=	123.601					/	217.31	*	365 / 4
=	51.90

Irani Papel E Embalagem (BSP:RANI3) 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.

Irani Papel E Embalagem's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	217.31	/	123.601
	=	1.76

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.

Irani Papel E Embalagem's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	123.601	/	407.855
	=	0.30

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.

Irani Papel E Embalagem Days Inventory Related Terms

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

Irani Papel E Embalagem (BSP:RANI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Irani Papel E Embalagem SA (BSP:RANI3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua General Joao Manoel, 157, 9th Floor, Room 903, Porto Alegre, RS, BRA, 90010-030

Website

http://www.irani.com.br

Irani Papel E Embalagem SA is a paper packaging company. The company's reportable segments include corrugated cardboard (PO) packaging segment manufactures light and heavy corrugated cardboard boxes and sheets. Its packaging paper segment produces low and high-weight Kraft paper and recycled paper for the domestic and foreign markets. The RS forest and resins segment plants pine trees for their own consumption. It generates maximum revenue from the corrugated cardboard (PO) packaging segment.

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