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Days Inventory is also known as Days Sales of Inventory (DSI). The Chemours Co's Average Total Inventories for the three months ended in Sep. 2024 was $1,403 Mil. The Chemours Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,215 Mil. Hence, The Chemours Co's Days Inventory for the three months ended in Sep. 2024 was 105.37.
The historical rank and industry rank for The Chemours Co's Days Inventory or its related term are showing as below:
During the past 13 years, The Chemours Co's highest Days Inventory was 108.51. The lowest was 69.99. And the median was 79.50.
The Chemours Co's Days Inventory increased from Sep. 2023 (103.73) to Sep. 2024 (105.37). It might indicate that The Chemours Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. The Chemours Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.87.
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. The Chemours Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.93.
The historical data trend for The Chemours Co'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.
The Chemours Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 91.03 | 94.38 | 74.93 | 88.22 | 106.54 |
The Chemours Co Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Days Inventory | Get a 7-Day Free Trial | 103.73 | 109.98 | 117.62 | 102.17 | 105.37 |
For the Specialty Chemicals subindustry, The Chemours Co'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.
For the Chemicals industry and Basic Materials sector, The Chemours Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where The Chemours Co's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The Chemours Co'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 |
= | ( (1404 | + | 1352) | / | 2 ) | / | 4721 | * | 365 |
= | 1378 | / | 4721 | * | 365 | ||||
= | 106.54 |
The Chemours Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:
Days Inventory (Q: Sep. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Jun. 2024 ) | + | Total Inventories (Q: Sep. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | ( (1368 | + | 1438) | / | 2 ) | / | 1215 | * | 365 / 4 |
= | 1403 | / | 1215 | * | 365 / 4 | ||||
= | 105.37 |
* 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.
The Chemours Co (NYSE:CC) 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.
The Chemours Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1215 | / | 1403 | |
= | 0.87 |
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.
The Chemours Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 1403 | / | 1501 | |
= | 0.93 |
* 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.
Thank you for viewing the detailed overview of The Chemours Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Alvenia Scarborough | officer: SVP Corp Communications & CBO | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Ron Christopher Charles | officer: Senior Vice President, People | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Sandra Phillips Rogers | director | 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066 |
Erin N Kane | director | 300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054 |
Joseph T. Martinko | officer: President, Thermal & Specializ | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Mark Newman | officer: Senior Vice President and CFO | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Matthew S Abbott | officer: SVP, Chief Enterprise Transfor | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Guillaume Pepy | director | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Sean D Keohane | director | C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210 |
Calderon Gerardo Familiar | officer: Pres Advanced Performance Mat | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Alisha Bellezza | officer: President, Thermal Spec Solns | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Camela Wisel | officer: VP, CAO & Controller | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Sameer Ralhan | officer: SVP, CFO | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19899 |
Jonathan Lock | officer: SVP, Chief Development Officer | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Susan M. Kelliher | officer: SVP, People and Health Service | ALBEMARLE CORPORATION, 451 FLORIDA STREET, BATON ROUGE LA 70801 |
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