Accor (ACCYY) Days Inventory

: 5.06 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Accor's Average Total Inventories for the six months ended in Dec. 2023 was $40 Mil. Accor's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,432 Mil. Hence, Accor's Days Inventory for the six months ended in Dec. 2023 was 5.06.

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

ACCYY' s Days Inventory Range Over the Past 10 Years
Min: 1.74 Med: 4.03 Max: 17.14
Current: 4.47

During the past 13 years, Accor's highest Days Inventory was 17.14. The lowest was 1.74. And the median was 4.03.

ACCYY's Days Inventory is ranked better than
81.86% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs ACCYY: 4.47

Accor's Days Inventory increased from Dec. 2022 (2.20) to Dec. 2023 (5.06). It might indicate that Accor's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Accor's Inventory Turnover for the six months ended in Dec. 2023 was 36.09.

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. Accor's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Accor Days Inventory Historical Data

The historical data trend for Accor'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.

Accor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

3.15

6.16

4.26

2.40

3.97

Accor 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																2.23	2.01	2.20	4.27	5.06

Competitive Comparison

For the Lodging subindustry, Accor'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.

Accor Days Inventory Distribution

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

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

Accor Days Inventory Calculation

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

Accor'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
=	( (20.127	+	39.258)	/	2 )	/	2728.462	*	365
=	29.6925					/	2728.462	*	365
=	3.97

Accor'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
=	( (40.087	+	39.258)	/	2 )	/	1431.843	*	365 / 2
=	39.6725					/	1431.843	*	365 / 2
=	5.06

Accor (OTCPK:ACCYY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1431.843	/	39.6725
	=	36.09

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.6725	/	2895.311
	=	0.01

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.

Accor Days Inventory Related Terms

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

Accor (ACCYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Accor SA (OTCPK:ACCYY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ACRFF:USA ACC:Mexico ACp:UK 0H59:UK AC:France ACR:Germany

Address

82, Rue Henri Farman, Tour Sequana, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://group.accor.com

Accor operates 812,425 rooms across 46 brands addressing the economy through luxury segments, as of Sept. 30, 2023. Ibis (economy scale) is the largest brand (37% of total rooms at the end of 2022), followed by mid scale brands Mercure (16%) and Novotel (14%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Northern Europe represents 21% of rooms, Southern Europe 23%, Asia-Pacific region 32%, Americas 12%, and India, Middle East, and Africa 12%. Premium, midscale, and economy are 86% of total rooms, while luxury and lifestyle are the remaining 14%.