SGS AG (SGS AG) Days Inventory : 14.39 (As of Dec. 2023)

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What is SGS AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SGS AG's Average Total Inventories for the six months ended in Dec. 2023 was $68 Mil. SGS AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $868 Mil. Hence, SGS AG's Days Inventory for the six months ended in Dec. 2023 was 14.39.

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

SGSOY' s Days Inventory Range Over the Past 10 Years
Min: 19.01 Med: 37.43 Max: 55.51
Current: 23.15

During the past 13 years, SGS AG's highest Days Inventory was 55.51. The lowest was 19.01. And the median was 37.43.

SGSOY's Days Inventory is ranked better than
54.26% of 680 companies
in the Business Services industry
Industry Median: 29.11 vs SGSOY: 23.15

SGS AG's Days Inventory increased from Dec. 2022 (14.15) to Dec. 2023 (14.39). It might indicate that SGS AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SGS AG's Inventory Turnover for the six months ended in Dec. 2023 was 12.68.

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. SGS AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

SGS AG Days Inventory Historical Data

The historical data trend for SGS 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.

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SGS AG Days Inventory Chart

SGS AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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42.82

50.65

23.45

22.92

21.56

SGS AG 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	Get a 7-Day Free Trial															14.82	57.75	14.15	56.63	14.39

Competitive Comparison of SGS AG's Days Inventory

For the Consulting Services subindustry, SGS 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.

SGS AG's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SGS AG's Days Inventory distribution charts can be found below:

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

SGS AG Days Inventory Calculation

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

SGS AG'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
=	( (63.332	+	65.911)	/	2 )	/	1093.895	*	365
=	64.6215					/	1093.895	*	365
=	21.56

SGS AG'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
=	( (71.08	+	65.911)	/	2 )	/	868.409	*	365 / 2
=	68.4955					/	868.409	*	365 / 2
=	14.39

SGS AG (OTCPK:SGSOY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	868.409	/	68.4955
	=	12.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.4955	/	3859.852
	=	0.02

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.

SGS AG Days Inventory Related Terms

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

SGS AG (SGS AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SGSOF:USA SGSNz:UK 0QMI:UK SGSN:Switzerland

Address

1 Place des Alpes, P.O. Box 2152, Geneva, CHE, CH-1211

Website

https://www.sgs.com

Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only four TIC companies that operate globally across numerous industries, including agriculture, food and life science, and transport services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.

SGS AG (SGS AG) Headlines

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