Days Inventory is also known as Days Sales of Inventory (DSI). Rayonier Advanced Materials's Average Total Inventories for the
three
months ended in Dec. 2023 was $225 Mil. Rayonier Advanced Materials's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $395 Mil.
Hence, Rayonier Advanced Materials's Days Inventory for the
three
months ended in Dec. 2023 was 51.98.
The historical rank and industry rank for Rayonier Advanced Materials's Days Inventory or its related term are showing as below:
RYAM'
s Days Inventory Range Over the Past 10 Years
Min: 54.95 Med: 65.39 Max: 95.96
Current: 55.02
During the past 13 years, Rayonier Advanced Materials's highest Days Inventory was 95.96. The lowest was 54.95. And the median was 65.39.
RYAM's Days Inventory is ranked better than 72.79% of 1492
companies
in the Chemicals industry
Industry Median: 83.41
vs RYAM: 55.02
Rayonier Advanced Materials's Days Inventory
declined
from Dec. 2022 (53.51) to Dec. 2023 (51.98).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Rayonier Advanced Materials's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.76.
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.
Rayonier Advanced Materials's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.53.
Rayonier Advanced Materials Days Inventory Historical Data
The historical data trend for Rayonier Advanced Materials'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 Chemicals subindustry, Rayonier Advanced Materials'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.
Rayonier Advanced Materials Days Inventory Distribution
For the Chemicals industry and Basic Materials sector, Rayonier Advanced Materials's Days Inventory distribution charts can be found below:
* The bar in red indicates where Rayonier Advanced Materials's Days Inventory falls into.
Rayonier Advanced Materials Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Rayonier Advanced Materials's Days Inventory for the fiscal year that 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.
Rayonier Advanced Materials (NYSE:RYAM) 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.
Rayonier Advanced Materials'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.
Rayonier Advanced Materials'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.
Rayonier Advanced Materials Days Inventory Related Terms
Thank you for viewing the detailed overview of Rayonier Advanced Materials's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Rayonier Advanced Materials (Rayonier Advanced Materials) Business Description
Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.
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