Days Inventory is also known as Days Sales of Inventory (DSI). Coty's Average Total Inventories for the
three
months ended in Dec. 2023 was $810 Mil. Coty's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $604 Mil.
Hence, Coty's Days Inventory for the
three
months ended in Dec. 2023 was 122.54.
The historical rank and industry rank for Coty's Days Inventory or its related term are showing as below:
COTY'
s Days Inventory Range Over the Past 10 Years
Min: 97.53 Med: 127.02 Max: 147.81
Current: 133.43
During the past 13 years, Coty's highest Days Inventory was 147.81. The lowest was 97.53. And the median was 127.02.
COTY's Days Inventory is ranked worse than 73.48% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.23
vs COTY: 133.43
Coty's Days Inventory
increased
from Dec. 2022 (121.13) to Dec. 2023 (122.54).
It might indicate that Coty's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Coty's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Coty's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.47.
Coty Days Inventory Historical Data
The historical data trend for Coty'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 Household & Personal Products subindustry, Coty'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.
Coty's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Coty's Days Inventory distribution charts can be found below:
* The bar in red indicates where Coty's Days Inventory falls into.
Coty Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Coty's Days Inventory for the fiscal year that ended in Jun. 2023 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.
Coty (NYSE:COTY) 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.
Coty's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Coty's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Coty Days Inventory Related Terms
Thank you for viewing the detailed overview of Coty's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.
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