Essity AB (CHIX:ESSIBS) Days Inventory : 70.52 (As of Mar. 2024)

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What is Essity AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Essity AB's Average Total Inventories for the three months ended in Mar. 2024 was kr18,277 Mil. Essity AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr23,649 Mil. Hence, Essity AB's Days Inventory for the three months ended in Mar. 2024 was 70.52.

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

CHIX:ESSIBs' s Days Inventory Range Over the Past 10 Years
Min: 54.5 Med: 61.58 Max: 90.38
Current: 90.38

During the past 11 years, Essity AB's highest Days Inventory was 90.38. The lowest was 54.50. And the median was 61.58.

CHIX:ESSIBs's Days Inventory is ranked worse than
55.01% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs CHIX:ESSIBs: 90.38

Essity AB's Days Inventory declined from Mar. 2023 (103.03) to Mar. 2024 (70.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Essity AB's Inventory Turnover for the three months ended in Mar. 2024 was 1.29.

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. Essity AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.52.

Essity AB Days Inventory Historical Data

The historical data trend for Essity AB'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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Essity AB Days Inventory Chart

Essity AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.05

71.24

90.10

88.55

81.40

Essity AB 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															103.03	81.99	76.47	216.37	70.52

Competitive Comparison of Essity AB's Days Inventory

For the Household & Personal Products subindustry, Essity AB'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.

Essity AB's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Essity AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Essity AB's Days Inventory falls into.

Essity AB Days Inventory Calculation

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

Essity AB'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
=	( (28852	+	17523)	/	2 )	/	103976	*	365
=	23187.5					/	103976	*	365
=	81.40

Essity AB'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
=	( (17523	+	19031)	/	2 )	/	23649	*	365 / 4
=	18277					/	23649	*	365 / 4
=	70.52

Essity AB (CHIX:ESSIBs) 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.

Essity AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23649	/	18277
	=	1.29

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.

Essity AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18277	/	34850
	=	0.52

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.

Essity AB Days Inventory Related Terms

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

Essity AB (CHIX:ESSIBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Essity AB (CHIX:ESSIBs) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ETTYF:USA ESSITY A:Sweden ESSITY B:Sweden 0RQD:UK ESWB:Germany

Address

Klarabergsviadukten 63, PO Box 200, Stockholm, SWE, SE-101 23

Website

https://www.essity.com

Essity is a health and hygiene company spun out of Svenska Cellulosa in June 2017. Essity's products span the feminine-care, baby-care, toilet paper, facial tissue, and wet wipes categories, as well as hand soap, hand sanitizers, and tissue dispensers for institutional customers. Essity also offers medical solutions in the form of wound care, orthopedics, and compression therapy, accounting for 7% of net sales in fiscal 2021. Essity operates in 150 markets and generates over 50% of its revenue in Europe, although it also maintains significant exposure to emerging markets (38% of net sales in 2021).

Essity AB (CHIX:ESSIBS) Headlines

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