Paramount Global (Paramount Global) Days Inventory : 28.09 (As of Dec. 2023)

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What is Paramount Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Paramount Global's Average Total Inventories for the three months ended in Dec. 2023 was $1,584 Mil. Paramount Global's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,145 Mil. Hence, Paramount Global's Days Inventory for the three months ended in Dec. 2023 was 28.09.

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

PARA' s Days Inventory Range Over the Past 10 Years
Min: 22.47 Med: 45.39 Max: 61.87
Current: 23.24

During the past 13 years, Paramount Global's highest Days Inventory was 61.87. The lowest was 22.47. And the median was 45.39.

PARA's Days Inventory is ranked better than
51.37% of 658 companies
in the Media - Diversified industry
Industry Median: 26.19 vs PARA: 23.24

Paramount Global's Days Inventory increased from Dec. 2022 (23.58) to Dec. 2023 (28.09). It might indicate that Paramount Global's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Paramount Global's Inventory Turnover for the three months ended in Dec. 2023 was 3.25.

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. Paramount Global's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.21.

Paramount Global Days Inventory Historical Data

The historical data trend for Paramount Global'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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Paramount Global Days Inventory Chart

Paramount Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.13

55.63

33.54

26.17

22.47

Paramount Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															23.58	16.68	20.16	32.04	28.09

Competitive Comparison of Paramount Global's Days Inventory

For the Entertainment subindustry, Paramount Global'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.

Paramount Global's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Paramount Global's Days Inventory distribution charts can be found below:

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

Paramount Global Days Inventory Calculation

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

Paramount Global'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
=	( (1342	+	1414)	/	2 )	/	22388	*	365
=	1378					/	22388	*	365
=	22.47

Paramount Global'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1754	+	1414)	/	2 )	/	5145	*	365 / 4
=	1584					/	5145	*	365 / 4
=	28.09

Paramount Global (NAS:PARA) 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.

Paramount Global's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5145	/	1584
	=	3.25

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.

Paramount Global's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1584	/	7638
	=	0.21

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.

Paramount Global Days Inventory Related Terms

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

Paramount Global (Paramount Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Paramount Global (NAS:PARA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PARAP.PFD:USA PARAA:USA PARA:Peru PARA:Mexico 0HQM:UK 0VVB:Germany 0VV:Germany 0VVB:Germany 0VV:Germany 0VVB:Germany C1BS34:Brazil PARA:Austria

Address

1515 Broadway, New York, NY, USA, 10036

Website

https://www.paramount.com

Paramount Global is the rebranded recombination of CBS and Viacom that has created a media conglomerate with global scale. CBS contributed Showtime in addition to its television assets--the CBS television network, 28 local TV stations, and 50% of CW, a joint venture between CBS and WarnerMedia. Viacom brought several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Mission: Impossible and Transformers series. Paramount operates a number of streaming services, most notably Paramount+ and Pluto TV.

Executives

Dawn Ostroff	director	3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 91405
Sumner M. Redstone National Amusements Part B General Trust	director, 10 percent owner	846 UNIVERSITY AVENUE, NORWORD MA 02062
National Amusements Inc /md/	director, 10 percent owner	846 UNIVERSITY AVENUE, NORWOOD MA 02062
Naveen K. Chopra	officer: EVP, Chief Financial Officer	C/O 2160 GOLD STREET, SAN JOSE CA 95002
Linda M Griego	director	SOUTHWEST WATER CO, 624 SO. GRAND, STE 2900, LOS ANGELES CA 90017
Phillips Jr Charles E	director	113 WEST 88TH STREET, NEW YORK NY 10024
Shari Redstone	director, officer: Vice Chair	C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Frederick Terrell	director	17 STATE STREET, NEW YORK NY 10004
Nicole Seligman	director	C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Christina Spade	officer: EVP, Chief Financial Officer	11 PENN PLAZA, NEW YORK NY 10001
Barbara M Byrne	director	C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Christa A Dalimonte	officer: EVP, General Counsel & Secy	C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Ronald L Nelson	director
Judith Mchale	director	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Robert M Bakish	director, officer: President and CEO	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803