Ardagh Metal Packaging (Ardagh Metal Packaging) Days Inventory : 40.00 (As of Dec. 2023)

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What is Ardagh Metal Packaging Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ardagh Metal Packaging's Average Total Inventories for the three months ended in Dec. 2023 was $456 Mil. Ardagh Metal Packaging's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,039 Mil. Hence, Ardagh Metal Packaging's Days Inventory for the three months ended in Dec. 2023 was 40.00.

The historical rank and industry rank for Ardagh Metal Packaging's Days Inventory or its related term are showing as below:

AMBP' s Days Inventory Range Over the Past 10 Years
Min: 31.43 Med: 38.79 Max: 44.44
Current: 44.44

During the past 5 years, Ardagh Metal Packaging's highest Days Inventory was 44.44. The lowest was 31.43. And the median was 38.79.

AMBP's Days Inventory is ranked better than
85.75% of 365 companies
in the Packaging & Containers industry
Industry Median: 77.89 vs AMBP: 44.44

Ardagh Metal Packaging's Days Inventory declined from Dec. 2022 (50.95) to Dec. 2023 (40.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ardagh Metal Packaging's Inventory Turnover for the three months ended in Dec. 2023 was 2.28.

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. Ardagh Metal Packaging's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.40.

Ardagh Metal Packaging Days Inventory Historical Data

The historical data trend for Ardagh Metal Packaging'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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Ardagh Metal Packaging Days Inventory Chart

Ardagh Metal Packaging Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

31.43

34.87

42.70

43.58

Ardagh Metal Packaging Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											50.95	52.23	46.06	40.68	40.00

Competitive Comparison of Ardagh Metal Packaging's Days Inventory

For the Packaging & Containers subindustry, Ardagh Metal Packaging'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.

Ardagh Metal Packaging's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ardagh Metal Packaging's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ardagh Metal Packaging's Days Inventory falls into.

Ardagh Metal Packaging Days Inventory Calculation

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

Ardagh Metal Packaging'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
=	( (567	+	469)	/	2 )	/	4338	*	365
=	518					/	4338	*	365
=	43.58

Ardagh Metal Packaging'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
=	( (442	+	469)	/	2 )	/	1039	*	365 / 4
=	455.5					/	1039	*	365 / 4
=	40.00

Ardagh Metal Packaging (NYSE:AMBP) 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.

Ardagh Metal Packaging's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1039	/	455.5
	=	2.28

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.

Ardagh Metal Packaging's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	455.5	/	1132
	=	0.40

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.

Ardagh Metal Packaging Days Inventory Related Terms

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

Ardagh Metal Packaging (Ardagh Metal Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ardagh Metal Packaging SA (NYSE:AMBP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

7JZ:Germany

Address

56, Rue Charles Martel, Luxembourg, LUX, L-2134

Website

https://www.ardaghmetalpackaging.com

Ardagh Metal Packaging SA is a supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. The company's segment includes Europe and the Americas. It derives a majority of its revenue from the Americas.