Days Inventory is also known as Days Sales of Inventory (DSI). Lanxess AG's Average Total Inventories for the
three
months ended in Sep. 2023 was $1,716 Mil. Lanxess AG's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $1,400 Mil.
Hence, Lanxess AG's Days Inventory for the
three
months ended in Sep. 2023 was 111.86.
The historical rank and industry rank for Lanxess AG's Days Inventory or its related term are showing as below:
LNXSF'
s Days Inventory Range Over the Past 10 Years
Min: 76.29 Med: 91.44 Max: 118.31
Current: 114
During the past 13 years, Lanxess AG's highest Days Inventory was 118.31. The lowest was 76.29. And the median was 91.44.
LNXSF's Days Inventory is ranked worse than 68.5% of 1492
companies
in the Chemicals industry
Industry Median: 83.41
vs LNXSF: 114.00
Lanxess AG's Days Inventory
increased
from Sep. 2022 (108.16) to Sep. 2023 (111.86).
It might indicate that Lanxess AG's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Lanxess AG's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.82.
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.
Lanxess AG's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 1.00.
Lanxess AG Days Inventory Historical Data
The historical data trend for Lanxess AG'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 Specialty Chemicals subindustry, Lanxess AG'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.
Lanxess AG Days Inventory Distribution
For the Chemicals industry and Basic Materials sector, Lanxess AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Lanxess AG's Days Inventory falls into.
Lanxess AG Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Lanxess AG's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Lanxess AG (OTCPK:LNXSF) 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.
Lanxess AG's Inventory Turnover for the
three
months ended in Sep. 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.
Lanxess AG's Inventory to Revenue for the
three
months ended in Sep. 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.
Lanxess AG Days Inventory Related Terms
Thank you for viewing the detailed overview of Lanxess AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.
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