Days Inventory is also known as Days Sales of Inventory (DSI). The ODP's Average Total Inventories for the
three
months ended in Dec. 2023 was $774 Mil. The ODP's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,410 Mil.
Hence, The ODP's Days Inventory for the
three
months ended in Dec. 2023 was 50.06.
The historical rank and industry rank for The ODP's Days Inventory or its related term are showing as below:
ODP'
s Days Inventory Range Over the Past 10 Years
Min: 46.35 Med: 51.5 Max: 64.68
Current: 48.19
During the past 13 years, The ODP's highest Days Inventory was 64.68. The lowest was 46.35. And the median was 51.50.
ODP's Days Inventory is ranked better than 79.91% of 1065
companies
in the Retail - Cyclical industry
Industry Median: 110.2
vs ODP: 48.19
The ODP's Days Inventory
increased
from Dec. 2022 (47.22) to Dec. 2023 (50.06).
It might indicate that The ODP's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
The ODP's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.82.
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.
The ODP's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.43.
The ODP Days Inventory Historical Data
The historical data trend for The ODP'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.
The ODP Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
51.63
51.37
49.07
46.35
47.93
The ODP Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
47.22
45.46
49.78
48.09
50.06
Competitive Comparison
For the Specialty Retail subindustry, The ODP'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.
The ODP Days Inventory Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, The ODP's Days Inventory distribution charts can be found below:
* The bar in red indicates where The ODP's Days Inventory falls into.
The ODP Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The ODP'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.
The ODP (NAS:ODP) 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.
The ODP'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.
The ODP'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.
The ODP Days Inventory Related Terms
Thank you for viewing the detailed overview of The ODP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
The ODP Corp is a provider of business services and supplies, products, and digital workplace technology solutions to small, medium-sized and enterprise businesses. The operating business segments are ODP Business Solutions Division; Office Depot Division; Veyer Division and Varis Division. It generates maximum revenue from the Veyer Division segment. The Veyer Division specializes in B2B and consumer business service delivery, with core competencies in distribution, fulfillment, transportation, global sourcing, and purchasing.
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