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Fortune Brands Innovations (BSP:F1BH34) Days Inventory : 146.10 (As of Mar. 2024)


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What is Fortune Brands Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fortune Brands Innovations's Average Total Inventories for the three months ended in Mar. 2024 was R$4,959 Mil. Fortune Brands Innovations's Cost of Goods Sold for the three months ended in Mar. 2024 was R$3,097 Mil. Hence, Fortune Brands Innovations's Days Inventory for the three months ended in Mar. 2024 was 146.10.

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

BSP:F1BH34' s Days Inventory Range Over the Past 10 Years
Min: 60.42   Med: 66.96   Max: 134.69
Current: 129.59

During the past 13 years, Fortune Brands Innovations's highest Days Inventory was 134.69. The lowest was 60.42. And the median was 66.96.

BSP:F1BH34's Days Inventory is ranked worse than
77.51% of 1392 companies
in the Construction industry
Industry Median: 48.6 vs BSP:F1BH34: 129.59

Fortune Brands Innovations's Days Inventory increased from Mar. 2023 (141.53) to Mar. 2024 (146.10). It might indicate that Fortune Brands Innovations's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortune Brands Innovations's Inventory Turnover for the three months ended in Mar. 2024 was 0.62.

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. Fortune Brands Innovations's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.90.

Fortune Brands Innovations Days Inventory Historical Data

The historical data trend for Fortune Brands Innovations'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.

Fortune Brands Innovations Days Inventory Chart

Fortune Brands Innovations Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.91 121.86 107.84 129.53 139.53

Fortune Brands Innovations Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 141.53 128.14 118.20 131.43 146.10

Competitive Comparison of Fortune Brands Innovations's Days Inventory

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.

Fortune Brands Innovations's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fortune Brands Innovations's Days Inventory falls into.


Fortune Brands Innovations Days Inventory Calculation

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

Fortune Brands Innovations'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
=( (5357.127 + 4813.074) / 2 ) / 13301.977*365
=5085.1005 / 13301.977*365
=139.53

Fortune Brands Innovations's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (4813.074 + 5105.291) / 2 ) / 3097.436*365 / 4
=4959.1825 / 3097.436*365 / 4
=146.10

* 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.

Fortune Brands Innovations  (BSP:F1BH34) 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.

Fortune Brands Innovations's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=3097.436 / 4959.1825
=0.62

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.

Fortune Brands Innovations's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=4959.1825 / 5525.586
=0.90

* 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.

Fortune Brands Innovations Days Inventory Related Terms

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

Fortune Brands Innovations (BSP:F1BH34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (BSP:F1BH34) » Definitions » Days Inventory
Comparable Companies
TREX WMS AAON OC AZEK LPX SPXC AWI MAS GMS TT TSE:6367 CARR JCI XPAR:SGO XSWX:GEBN BLDR LII CSL DUB:KRX
Traded in Other Exchanges
FBIN:USA 2FB:Germany
Address
520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611
Website
https://www.fbin.com
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

Fortune Brands Innovations (BSP:F1BH34) Headlines

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