InterContinental Hotels Group (InterContinental Hotels Group) Days Inventory : 0.52 (As of Dec. 2023)

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What is InterContinental Hotels Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). InterContinental Hotels Group's Average Total Inventories for the six months ended in Dec. 2023 was $5 Mil. InterContinental Hotels Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,574 Mil. Hence, InterContinental Hotels Group's Days Inventory for the six months ended in Dec. 2023 was 0.52.

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

IHG' s Days Inventory Range Over the Past 10 Years
Min: 0.36 Med: 0.56 Max: 1.68
Current: 0.5

During the past 13 years, InterContinental Hotels Group's highest Days Inventory was 1.68. The lowest was 0.36. And the median was 0.56.

IHG's Days Inventory is ranked better than
96.7% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs IHG: 0.50

InterContinental Hotels Group's Days Inventory stayed the same from Dec. 2022 (0.52) to Dec. 2023 (0.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. InterContinental Hotels Group's Inventory Turnover for the six months ended in Dec. 2023 was 349.78.

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. InterContinental Hotels Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

InterContinental Hotels Group Days Inventory Historical Data

The historical data trend for InterContinental Hotels 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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InterContinental Hotels Group Days Inventory Chart

InterContinental Hotels Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.59

1.08

0.81

0.52

0.51

InterContinental Hotels Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															0.70	0.52	0.52	0.45	0.52

Competitive Comparison of InterContinental Hotels Group's Days Inventory

For the Lodging subindustry, InterContinental Hotels 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.

InterContinental Hotels Group's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, InterContinental Hotels Group's Days Inventory distribution charts can be found below:

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

InterContinental Hotels Group Days Inventory Calculation

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

InterContinental Hotels 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
=	( (4	+	5)	/	2 )	/	3206	*	365
=	4.5					/	3206	*	365
=	0.51

InterContinental Hotels 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4	+	5)	/	2 )	/	1574	*	365 / 2
=	4.5					/	1574	*	365 / 2
=	0.52

InterContinental Hotels Group (NYSE:IHG) 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.

InterContinental Hotels Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1574	/	4.5
	=	349.78

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.

InterContinental Hotels Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.5	/	2398
	=	0.00

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.

InterContinental Hotels Group Days Inventory Related Terms

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

InterContinental Hotels Group (InterContinental Hotels Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » InterContinental Hotels Group PLC (NYSE:IHG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ICHGF:USA IHGl:UK IHG:UK IC1B:Germany I1HG34:Brazil

Address

1 Windsor Dials, Arthur Road, Windsor, Berkshire, GBR, SL4 1RS

Website

http://www.ihgplc.com

InterContinental Hotels Group operates 930,000 rooms across 18 brands addressing the midscale through luxury segments, as of Sept. 30, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Sept. 30, 2023, the Americas represents 56% of total rooms, with greater China accounting for 18%; Europe, Asia, the Middle East, and Africa make up 26%.