361 Degrees International (FRA:36L) Days Inventory : 85.03 (As of Jun. 2024)

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What is 361 Degrees International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 361 Degrees International's Average Total Inventories for the six months ended in Jun. 2024 was €180 Mil. 361 Degrees International's Cost of Goods Sold for the six months ended in Jun. 2024 was €386 Mil. Hence, 361 Degrees International's Days Inventory for the six months ended in Jun. 2024 was 85.03.

The historical rank and industry rank for 361 Degrees International's Days Inventory or its related term are showing as below:

FRA:36L' s Days Inventory Range Over the Past 10 Years
Min: 70.94 Med: 90 Max: 121.64
Current: 89.93

During the past 13 years, 361 Degrees International's highest Days Inventory was 121.64. The lowest was 70.94. And the median was 90.00.

FRA:36L's Days Inventory is ranked better than
67.16% of 1005 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 128.72 vs FRA:36L: 89.93

361 Degrees International's Days Inventory declined from Jun. 2023 (89.29) to Jun. 2024 (85.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. 361 Degrees International's Inventory Turnover for the six months ended in Jun. 2024 was 2.15.

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. 361 Degrees International's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.27.

361 Degrees International Days Inventory Historical Data

The historical data trend for 361 Degrees International'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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361 Degrees International Days Inventory Chart

361 Degrees International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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120.17

112.01

83.36

92.42

95.54

361 Degrees International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															76.13	97.07	89.29	96.00	85.03

Competitive Comparison of 361 Degrees International's Days Inventory

For the Footwear & Accessories subindustry, 361 Degrees International'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.

361 Degrees International's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, 361 Degrees International's Days Inventory distribution charts can be found below:

* The bar in red indicates where 361 Degrees International's Days Inventory falls into.

361 Degrees International Days Inventory Calculation

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

361 Degrees International'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
=	( (160.11	+	173.422)	/	2 )	/	637.143	*	365
=	166.766					/	637.143	*	365
=	95.54

361 Degrees International's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (173.422	+	186.482)	/	2 )	/	386.251	*	365 / 2
=	179.952					/	386.251	*	365 / 2
=	85.03

361 Degrees International (FRA:36L) 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.

361 Degrees International's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	386.251	/	179.952
	=	2.15

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.

361 Degrees International's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	179.952	/	658.367
	=	0.27

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.

361 Degrees International Days Inventory Related Terms

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361 Degrees International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (FRA:36L) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TSIOF:USA 01361:Hong Kong

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

https://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.

361 Degrees International Headlines

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