CODIPC.PFD (Compass Diversified Holdings) Days Inventory : 264.08 (As of Sep. 2024)

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What is Compass Diversified Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Compass Diversified Holdings's Average Total Inventories for the three months ended in Sep. 2024 was $891.50 Mil. Compass Diversified Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $308.05 Mil. Hence, Compass Diversified Holdings's Days Inventory for the three months ended in Sep. 2024 was 264.08.

The historical rank and industry rank for Compass Diversified Holdings's Days Inventory or its related term are showing as below:

CODIpC.PFD' s Days Inventory Range Over the Past 10 Years
Min: 44.28 Med: 132.12 Max: 251.39
Current: 251.39

During the past 13 years, Compass Diversified Holdings's highest Days Inventory was 251.39. The lowest was 44.28. And the median was 132.12.

CODIpC.PFD's Days Inventory is ranked worse than
87.87% of 478 companies
in the Conglomerates industry
Industry Median: 74.36 vs CODIpC.PFD: 251.39

Compass Diversified Holdings's Days Inventory increased from Sep. 2023 (245.31) to Sep. 2024 (264.08). It might indicate that Compass Diversified Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Compass Diversified Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 0.35.

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. Compass Diversified Holdings's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.53.

Compass Diversified Holdings Days Inventory Historical Data

The historical data trend for Compass Diversified Holdings'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.

Compass Diversified Holdings Days Inventory Chart

Compass Diversified Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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141.39

133.38

157.48

185.51

222.49

Compass Diversified Holdings 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															245.31	219.43	247.00	262.73	264.08

Competitive Comparison of Compass Diversified Holdings's Days Inventory

For the Conglomerates subindustry, Compass Diversified Holdings'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.

Compass Diversified Holdings's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Compass Diversified Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Compass Diversified Holdings's Days Inventory falls into.

Compass Diversified Holdings Days Inventory Calculation

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

Compass Diversified Holdings'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
=	( (680.545	+	740.387)	/	2 )	/	1165.553	*	365
=	710.466					/	1165.553	*	365
=	222.49

Compass Diversified Holdings'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
=	( (843.634	+	939.361)	/	2 )	/	308.045	*	365 / 4
=	891.4975					/	308.045	*	365 / 4
=	264.08

Compass Diversified Holdings (NYSE:CODIpC.PFD) 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.

Compass Diversified Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	308.045	/	891.4975
	=	0.35

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.

Compass Diversified Holdings's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	891.4975	/	582.623
	=	1.53

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.

Compass Diversified Holdings Days Inventory Related Terms

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

Compass Diversified Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compass Diversified Holdings (NYSE:CODIpC.PFD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CODIpB.PFD:USA CODIpA.PFD:USA CODI:USA

Address

301 Riverside Avenue, Second Floor, Westport, CT, USA, 06880

Website

https://compassdiversified.com

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.