International Flavors & Fragrances (FRA:IFF) Days Inventory : 133.76 (As of Dec. 2023)

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What is International Flavors & Fragrances Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). International Flavors & Fragrances's Average Total Inventories for the three months ended in Dec. 2023 was €2,477 Mil. International Flavors & Fragrances's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,690 Mil. Hence, International Flavors & Fragrances's Days Inventory for the three months ended in Dec. 2023 was 133.76.

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

FRA:IFF' s Days Inventory Range Over the Past 10 Years
Min: 84.05 Med: 126.29 Max: 138.95
Current: 137.53

During the past 13 years, International Flavors & Fragrances's highest Days Inventory was 138.95. The lowest was 84.05. And the median was 126.29.

FRA:IFF's Days Inventory is ranked worse than
76.45% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs FRA:IFF: 137.53

International Flavors & Fragrances's Days Inventory declined from Dec. 2022 (153.38) to Dec. 2023 (133.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. International Flavors & Fragrances's Inventory Turnover for the three months ended in Dec. 2023 was 0.68.

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. International Flavors & Fragrances's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.00.

International Flavors & Fragrances Days Inventory Historical Data

The historical data trend for International Flavors & Fragrances'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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International Flavors & Fragrances Days Inventory Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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131.22

143.76

82.19

124.57

141.22

International Flavors & Fragrances Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															153.38	142.32	139.09	134.97	133.76

Competitive Comparison of International Flavors & Fragrances's Days Inventory

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.

International Flavors & Fragrances's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Days Inventory distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Days Inventory falls into.

International Flavors & Fragrances Days Inventory Calculation

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

International Flavors & Fragrances'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
=	( (3114.256	+	2419.046)	/	2 )	/	7150.766	*	365
=	2766.651					/	7150.766	*	365
=	141.22

International Flavors & Fragrances'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
=	( (2535.522	+	2419.046)	/	2 )	/	1690.031	*	365 / 4
=	2477.284					/	1690.031	*	365 / 4
=	133.76

International Flavors & Fragrances (FRA:IFF) 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.

International Flavors & Fragrances's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1690.031	/	2477.284
	=	0.68

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.

International Flavors & Fragrances's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2477.284	/	2478.651
	=	1.00

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.

International Flavors & Fragrances Days Inventory Related Terms

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

International Flavors & Fragrances (FRA:IFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Flavors & Fragrances Inc (FRA:IFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IFF:USA I1FF34:Brazil I1CE34:Brazil IFF:Austria IFF:Argentina

Address

521 West 57th Street, New York, NY, USA, 10019-2960

Website

https://www.iff.com

International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.