Days Inventory is also known as Days Sales of Inventory (DSI). Ferro's Average Total Inventories for the
three
months ended in Dec. 2021 was $265 Mil. Ferro's Cost of Goods Sold for the
three
months ended in Dec. 2021 was $195 Mil.
Hence, Ferro's Days Inventory for the
three
months ended in Dec. 2021 was 124.13.
The historical rank and industry rank for Ferro's Days Inventory or its related term are showing as below:
FOE's Days Inventory is not ranked *
in the Chemicals industry.
Industry Median: 83.25 * Ranked among companies with meaningful Days Inventory only.
Ferro's Days Inventory
declined
from Dec. 2020 (134.50) to Dec. 2021 (124.13).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ferro's Inventory Turnover for the
three
months ended in Dec. 2021 was 0.74.
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.
Ferro's Inventory-to-Revenue for the
three
months ended in Dec. 2021 was 1.00.
Ferro Days Inventory Historical Data
The historical data trend for Ferro'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.
For the Specialty Chemicals subindustry, Ferro'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.
Ferro's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ferro's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ferro's Days Inventory falls into.
Ferro Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ferro's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Ferro (NYSE:FOE) 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.
Ferro's Inventory Turnover for the
three
months ended in Dec. 2021 is calculated as
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.
Ferro's Inventory to Revenue for the
three
months ended in Dec. 2021 is calculated as
* 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.
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.
Ferro Days Inventory Related Terms
Thank you for viewing the detailed overview of Ferro's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ferro corp produces specialty materials sold to manufacturers in various industries. The company operates in two segments: functional coatings and color solutions. Its product portfolio includes frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings. The functional coatings segment contributes the majority of the company's revenue. Ferro's products have applications in various markets such as electronics, appliances, automotive, consumer, sanitary, and packaging. Its geographical segments are Europe, the Middle East, and Africa; the United States; Asia-Pacific; and Latin America. EMEA generates the most revenue, closely followed by the U.S.
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