West Pharmaceutical Services (BSP:W2ST34) Days Inventory

: 87.46 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). West Pharmaceutical Services's Average Total Inventories for the three months ended in Dec. 2023 was R$2,131 Mil. West Pharmaceutical Services's Cost of Goods Sold for the three months ended in Dec. 2023 was R$2,224 Mil. Hence, West Pharmaceutical Services's Days Inventory for the three months ended in Dec. 2023 was 87.46.

The historical rank and industry rank for West Pharmaceutical Services's Days Inventory or its related term are showing as below:

BSP:W2ST34' s Days Inventory Range Over the Past 10 Years
Min: 66.57 Med: 69.87 Max: 87.32
Current: 87.32

During the past 13 years, West Pharmaceutical Services's highest Days Inventory was 87.32. The lowest was 66.57. And the median was 69.87.

BSP:W2ST34's Days Inventory is ranked better than
87% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 187.06 vs BSP:W2ST34: 87.32

West Pharmaceutical Services's Days Inventory increased from Dec. 2022 (84.56) to Dec. 2023 (87.46). It might indicate that West Pharmaceutical Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. West Pharmaceutical Services's Inventory Turnover for the three months ended in Dec. 2023 was 1.04.

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. West Pharmaceutical Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.59.

West Pharmaceutical Services Days Inventory Historical Data

The historical data trend for West Pharmaceutical Services'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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West Pharmaceutical Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

64.86

67.40

73.92

85.77

88.09

West Pharmaceutical Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																84.56	88.60	91.67	86.80	87.46

Competitive Comparison

For the Medical Instruments & Supplies subindustry, West Pharmaceutical Services'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.

West Pharmaceutical Services Days Inventory Distribution

For the Medical Devices & Instruments industry and Healthcare sector, West Pharmaceutical Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where West Pharmaceutical Services's Days Inventory falls into.

West Pharmaceutical Services Days Inventory Calculation

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

West Pharmaceutical Services'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
=	( (2175.792	+	2129.943)	/	2 )	/	8920.576	*	365
=	2152.8675					/	8920.576	*	365
=	88.09

West Pharmaceutical Services'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
=	( (2132.531	+	2129.943)	/	2 )	/	2223.53	*	365 / 4
=	2131.237					/	2223.53	*	365 / 4
=	87.46

West Pharmaceutical Services (BSP:W2ST34) 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.

West Pharmaceutical Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2223.53	/	2131.237
	=	1.04

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.

West Pharmaceutical Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2131.237	/	3586.654
	=	0.59

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.

West Pharmaceutical Services Days Inventory Related Terms

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

West Pharmaceutical Services (BSP:W2ST34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » West Pharmaceutical Services Inc (BSP:W2ST34) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WST:USA WPS:Germany

Address

530 Herman O. West Drive, Exton, PA, USA, 19341-0645

Website

https://www.westpharma.com

West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (82% of 2021 sales) and contract-manufactured products (18%). It generates 55% of its revenue from international markets and 45% from the United States.

West Pharmaceutical Services (BSP:W2ST34) Headlines

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