Days Inventory is also known as Days Sales of Inventory (DSI). Evonik Industries AG's Average Total Inventories for the
three
months ended in Dec. 2023 was €2,533 Mil. Evonik Industries AG's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €2,851 Mil.
Hence, Evonik Industries AG's Days Inventory for the
three
months ended in Dec. 2023 was 81.06.
The historical rank and industry rank for Evonik Industries AG's Days Inventory or its related term are showing as below:
WBO:EVK'
s Days Inventory Range Over the Past 10 Years
Min: 66.11 Med: 73.29 Max: 85.47
Current: 80.73
During the past 13 years, Evonik Industries AG's highest Days Inventory was 85.47. The lowest was 66.11. And the median was 73.29.
WBO:EVK's Days Inventory is ranked better than 51.91% of 1495
companies
in the Chemicals industry
Industry Median: 83.73
vs WBO:EVK: 80.73
Evonik Industries AG's Days Inventory
increased
from Dec. 2022 (78.63) to Dec. 2023 (81.06).
It might indicate that Evonik Industries AG's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Evonik Industries AG's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.13.
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.
Evonik Industries AG's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.70.
Evonik Industries AG Days Inventory Historical Data
The historical data trend for Evonik Industries 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.
Competitive Comparison of Evonik Industries AG's Days Inventory
For the Specialty Chemicals subindustry, Evonik Industries 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.
Evonik Industries AG's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Evonik Industries AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Evonik Industries AG's Days Inventory falls into.
Evonik Industries AG Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Evonik Industries AG'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.
Evonik Industries AG (WBO:EVK) 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.
Evonik Industries AG'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.
Evonik Industries AG'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.
Evonik Industries AG Days Inventory Related Terms
Thank you for viewing the detailed overview of Evonik Industries AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Evonik Industries AG (WBO:EVK) Business Description
Evonik Industries is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four major segments: specialty additives, smart materials, nutrition and care, and performance materials.
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