GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dow Inc (NYSE:DOW) » Definitions » Days Inventory

Dow (DOW) Days Inventory : 58.12 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Dow Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dow's Average Total Inventories for the three months ended in Dec. 2023 was $6,144 Mil. Dow's Cost of Goods Sold for the three months ended in Dec. 2023 was $9,646 Mil. Hence, Dow's Days Inventory for the three months ended in Dec. 2023 was 58.12.

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

DOW' s Days Inventory Range Over the Past 10 Years
Min: 53.99   Med: 65.21   Max: 84.11
Current: 59.86

During the past 8 years, Dow's highest Days Inventory was 84.11. The lowest was 53.99. And the median was 65.21.

DOW's Days Inventory is ranked better than
68.23% of 1495 companies
in the Chemicals industry
Industry Median: 83.73 vs DOW: 59.86

Dow's Days Inventory declined from Dec. 2022 (62.34) to Dec. 2023 (58.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Dow's Inventory Turnover for the three months ended in Dec. 2023 was 1.57.

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. Dow's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.58.


Dow Days Inventory Historical Data

The historical data trend for Dow'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.

* Premium members only.

Dow Days Inventory Chart

Dow Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 65.28 65.21 53.99 54.22 59.99

Dow 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.34 59.29 61.50 60.40 58.12

Competitive Comparison of Dow's Days Inventory

For the Chemicals subindustry, Dow'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.


Dow's Days Inventory Distribution in the Chemicals Industry

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

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



Dow Days Inventory Calculation

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

Dow'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
=( (6988 + 6076) / 2 ) / 39742*365
=6532 / 39742*365
=59.99

Dow'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
=( (6211 + 6076) / 2 ) / 9646*365 / 4
=6143.5 / 9646*365 / 4
=58.12

* 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.


Dow  (NYSE:DOW) 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.

Dow'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.

Dow'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.


Dow Days Inventory Related Terms

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


Dow (DOW) Business Description

Address
2211 H.H. Dow Way, Midland, MI, USA, 48674
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
Executives
Richard K Davis director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Jeffrey L. Tate officer: Chief Financial Officer 2211 H.H. DOW WAY, MIDLAND MI 48674
Debra L. Dial director 208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Lisa Bryant officer: Chief Human Resources Officer 2211 H.H. DOW WAY, MIDLAND MI 48674
Howard I Ungerleider officer: President and CFO 2211 H.H. DOW WAY, MIDLAND MI 48674
Jerri Devard director 120 E 87TH STREET, #P6A, NEW YORK NY 10128
Jacqueline C. Hinman director 9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112
James R Fitterling officer: Chief Executive Officer 2211 H.H. DOW WAY, MIDLAND MI 48674
Moreno Mejia Luis Alberto director C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
John Maurice Sampson officer: Senior Vice President C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
Peter Holicki officer: Senior Vice President 2211 H.H. DOW WAY, MIDLAND MI 48674
Banister Gaurdie E. Jr. director 2211 H.H. DOW WAY, MIDLAND MI 48674
Diego Donoso officer: President, Pkg & Spec Plastics 2211 H.H. DOW WAY, MIDLAND MI 48674
Jack Broodo officer: President, Feedstocks & Energy 2211 H.H. DOW WAY, MIDLAND MI 48640
Jane Palmieri officer: President, Ind Interm & Infras 2211 H.H. DOW WAY, MIDLAND MI 48674

Dow (DOW) Headlines

From GuruFocus

Q4 2021 Dow Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Dow Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024

Q3 2021 Dow Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Dow Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 Dow Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024