ICL Group (ICL Group) Days Inventory : 138.29 (As of Dec. 2023)

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What is ICL Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ICL Group's Average Total Inventories for the three months ended in Dec. 2023 was $1,713 Mil. ICL Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,130 Mil. Hence, ICL Group's Days Inventory for the three months ended in Dec. 2023 was 138.29.

The historical rank and industry rank for ICL Group's Days Inventory or its related term are showing as below:

ICL' s Days Inventory Range Over the Past 10 Years
Min: 118.47 Med: 130.64 Max: 145.26
Current: 145.26

During the past 13 years, ICL Group's highest Days Inventory was 145.26. The lowest was 118.47. And the median was 130.64.

ICL's Days Inventory is ranked worse than
63.76% of 229 companies
in the Agriculture industry
Industry Median: 108.6 vs ICL: 145.26

ICL Group's Days Inventory declined from Dec. 2022 (162.17) to Dec. 2023 (138.29).

Inventory Turnover measures how fast the company turns over its inventory within a year. ICL Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.66.

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. ICL Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.01.

ICL Group Days Inventory Historical Data

The historical data trend for ICL Group'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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ICL Group Days Inventory Chart

ICL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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137.48

131.60

118.47

135.66

143.94

ICL Group 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															162.17	152.68	158.17	133.30	138.29

Competitive Comparison of ICL Group's Days Inventory

For the Agricultural Inputs subindustry, ICL Group'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.

ICL Group's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ICL Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where ICL Group's Days Inventory falls into.

ICL Group Days Inventory Calculation

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

ICL Group'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
=	( (2134	+	1703)	/	2 )	/	4865	*	365
=	1918.5					/	4865	*	365
=	143.94

ICL Group'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
=	( (1722	+	1703)	/	2 )	/	1130	*	365 / 4
=	1712.5					/	1130	*	365 / 4
=	138.29

ICL Group (NYSE:ICL) 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.

ICL Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1130	/	1712.5
	=	0.66

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.

ICL Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1712.5	/	1690
	=	1.01

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.

ICL Group Days Inventory Related Terms

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ICL Group (ICL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ICL Group Ltd (NYSE:ICL) » Definitions » Days Inventory

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Traded in Other Exchanges

ICL:Israel

Address

23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202

Website

https://www.icl-group.com

ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.