Packaging of America (Packaging of America) Days Inventory : 59.70 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Packaging of America's Average Total Inventories for the three months ended in Dec. 2023 was $1,000 Mil. Packaging of America's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,528 Mil. Hence, Packaging of America's Days Inventory for the three months ended in Dec. 2023 was 59.70.

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

PKG' s Days Inventory Range Over the Past 10 Years
Min: 49.71 Med: 54.27 Max: 59.51
Current: 59.47

During the past 13 years, Packaging of America's highest Days Inventory was 59.51. The lowest was 49.71. And the median was 54.27.

PKG's Days Inventory is ranked better than
70.68% of 365 companies
in the Packaging & Containers industry
Industry Median: 77.89 vs PKG: 59.47

Packaging of America's Days Inventory increased from Dec. 2022 (58.88) to Dec. 2023 (59.70). It might indicate that Packaging of America's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Packaging of America's Inventory Turnover for the three months ended in Dec. 2023 was 1.53.

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. Packaging of America's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.52.

Packaging of America Days Inventory Historical Data

The historical data trend for Packaging of America'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.

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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54.53

54.59

52.67

53.71

59.51

Packaging of America 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															58.88	58.50	60.40	59.25	59.70

Competitive Comparison

For the Packaging & Containers subindustry, Packaging of America'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.

Packaging of America Days Inventory Distribution

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

* The bar in red indicates where Packaging of America's Days Inventory falls into.

Packaging of America Days Inventory Calculation

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

Packaging of America'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
=	( (977.3	+	1013.1)	/	2 )	/	6103.5	*	365
=	995.2					/	6103.5	*	365
=	59.51

Packaging of America'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
=	( (986.1	+	1013.1)	/	2 )	/	1527.8	*	365 / 4
=	999.6					/	1527.8	*	365 / 4
=	59.70

Packaging of America (NYSE:PKG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1527.8	/	999.6
	=	1.53

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	999.6	/	1937.9
	=	0.52

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.

Packaging of America Days Inventory Related Terms

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

Packaging of America (Packaging of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (NYSE:PKG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PKA:Germany PKA:Germany

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Executives

Paul T Stecko	director, officer: Chairman/Chief Exec. Officer
Kent A. Pflederer	officer: VP, Gen. Counsel & Sec.	PACKAGING CORPORATION OF AMERICA, 1955 W. FIELD CT., LAKE FOREST IL 60645
Donald R. Shirley	officer: SVP	1 N. FIELD COURT, LAKE FOREST IL 60045
Bruce A Ridley	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Robert Andrew Schneider	officer: SVP & CIO	1 N. FIELD CT, LAKE FOREST IL 60045
Thomas A Hassfurther	officer: Senior VP-Sales & Marketing	C/O PACKAGING CORPORATION OF AMERICA, 1900 WEST FIELD COURT, LAKE FOREST IL 60045
Charles J. Carter	officer: VP-Containerboard	1900 W. FIELD CT., LAKE FOREST IL 60045
Robert P. Mundy	officer: SVP	6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
Donna A. Harman	director	PACKAGING CORPORATION OF AMERICA, 1 N. FIELD CT., LAKE FOREST IL 60045
Darla J. Olivier	officer: SVP	1 N. FIELD CT., LAKE FOREST IL 60045
Walton Thomas W.h.	officer: SVP	C/O PACKAGING CORPORATION OF AMERICA, 1900 W. FIELD CT., LAKE FOREST IL 60045
Jeffrey S Kaser	officer: SVP	1 N FIELD CT, LAKE FOREST IL 60045
Robert C Lyons	director	500 WEST MONROE ST, CHICAGO IL 60661
Pamela A. Barnes	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Samuel M Mencoff	director, 10 percent owner	BUCKEYE TECHNOLOGIES INC, 1001 TILLMAN STREET, MEMPHIS TN 38112