Compass Minerals International (Compass Minerals International) Days Inventory

: 132.06 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Compass Minerals International's Average Total Inventories for the three months ended in Dec. 2023 was $392 Mil. Compass Minerals International's Cost of Goods Sold for the three months ended in Dec. 2023 was $271 Mil. Hence, Compass Minerals International's Days Inventory for the three months ended in Dec. 2023 was 132.06.

The historical rank and industry rank for Compass Minerals International's Days Inventory or its related term are showing as below:

CMP' s Days Inventory Range Over the Past 10 Years
Min: 80.47 Med: 113.01 Max: 163.97
Current: 128.39

During the past 13 years, Compass Minerals International's highest Days Inventory was 163.97. The lowest was 80.47. And the median was 113.01.

CMP's Days Inventory is ranked worse than
71.34% of 656 companies
in the Metals & Mining industry
Industry Median: 87.22 vs CMP: 128.39

Compass Minerals International's Days Inventory increased from Dec. 2022 (97.81) to Dec. 2023 (132.06). It might indicate that Compass Minerals International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Compass Minerals International's Inventory Turnover for the three months ended in Dec. 2023 was 0.69.

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. Compass Minerals International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.15.

Compass Minerals International Days Inventory Historical Data

The historical data trend for Compass Minerals International'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.

Compass Minerals International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sep21

Sep22

Sep23

Days Inventory

106.02

122.60

163.97

106.09

130.95

Compass Minerals International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																97.81	78.78	158.71	176.31	132.06

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Compass Minerals International'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.

Compass Minerals International Days Inventory Distribution

For the Metals & Mining industry and Basic Materials sector, Compass Minerals International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Compass Minerals International's Days Inventory falls into.

Compass Minerals International Days Inventory Calculation

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

Compass Minerals International's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (304.4	+	392.2)	/	2 )	/	970.8	*	365
=	348.3					/	970.8	*	365
=	130.95

Compass Minerals International'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
=	( (392.2	+	392.5)	/	2 )	/	271.1	*	365 / 4
=	392.35					/	271.1	*	365 / 4
=	132.06

Compass Minerals International (NYSE:CMP) 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.

Compass Minerals International's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	271.1	/	392.35
	=	0.69

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.

Compass Minerals International's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	392.35	/	341.7
	=	1.15

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.

Compass Minerals International Days Inventory Related Terms

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

Compass Minerals International (Compass Minerals International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Compass Minerals International Inc (NYSE:CMP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CM8:Germany CM8:Germany

Address

9900 West 109th Street, Suite 100, Overland Park, KS, USA, 66210

Website

https://www.compassminerals.com

Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.

Executives

Joseph E Reece	director	ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249
James D. Standen	officer: Interim CFO & Treasurer	9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Jill V Gardiner	director	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Shane T Wagnon	director	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Jon A Chisholm	director	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Km&t Investment Holdings, Llc	director, 10 percent owner	4111 E 37TH ST N, WICHITA KS 67220
Koch Industries Inc	director, 10 percent owner	4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Melissa M Miller	director	201 ISABELLA STREET, PITTSBURGH PA 15212
Kevin S Crutchfield	director, officer: President and CEO	ONE ALPHA PLACE, P.O. BOX 2345, ABINGDON VA 24212
Mary L Frontczak	officer: Chief Legal Officer	9900 W 109TH STREET, SUITE 100, OVERLAND PARK KS 66210
Lori A Walker	director
Amy Yoder	director	C/O SPECTRUM BRANDS, INC., 6 CONCOURSE PARKWAY, SUITE 3300, ATLANTA GA 30328
Richard P Dealy	director	777 HIDDEN RIDGE, IRVING TX 75038
Edward C Dowling	director	19 NEDS POINT ROAD, MATTAPOISETT MA 02739
Teresa D Cook	officer: Chief Accounting Officer	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210