A. Schulman (FRA:SLH) Days Inventory : 46.38 (As of May. 2018)

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What is A. Schulman Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). A. Schulman's Average Total Inventories for the three months ended in May. 2018 was €269 Mil. A. Schulman's Cost of Goods Sold for the three months ended in May. 2018 was €529 Mil. Hence, A. Schulman's Days Inventory for the three months ended in May. 2018 was 46.38.

The historical rank and industry rank for A. Schulman's Days Inventory or its related term are showing as below:

FRA:SLH's Days Inventory is not ranked ^*
in the Chemicals industry.
Industry Median: 82.92
* Ranked among companies with meaningful Days Inventory only.

A. Schulman's Days Inventory declined from May. 2017 (48.96) to May. 2018 (46.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. A. Schulman's Inventory Turnover for the three months ended in May. 2018 was 1.97.

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. A. Schulman's Inventory-to-Revenue for the three months ended in May. 2018 was 0.44.

A. Schulman Days Inventory Historical Data

The historical data trend for A. Schulman'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.

A. Schulman Days Inventory Chart

A. Schulman Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Days Inventory

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51.92

47.74

50.46

50.79

48.58

A. Schulman Quarterly Data
	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18
Days Inventory	Get a 7-Day Free Trial															48.96	48.78	48.28	56.39	46.38

Competitive Comparison of A. Schulman's Days Inventory

For the Chemicals subindustry, A. Schulman'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.

A. Schulman's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, A. Schulman's Days Inventory distribution charts can be found below:

* The bar in red indicates where A. Schulman's Days Inventory falls into.

A. Schulman Days Inventory Calculation

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

A. Schulman's Days Inventory for the fiscal year that ended in Aug. 2017 is calculated as

	Days Inventory (A: Aug. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2016 )	+	Total Inventories (A: Aug. 2017 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2017 )	*	Days in Period
=	( (235.146	+	234.161)	/	2 )	/	1762.913	*	365
=	234.6535					/	1762.913	*	365
=	48.58

A. Schulman's Days Inventory for the quarter that ended in May. 2018 is calculated as:

	Days Inventory (Q: May. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2018 )	+	Total Inventories (Q: May. 2018 ))	/	count )	/	Cost of Goods Sold (Q: May. 2018 )	*	Days in Period
=	( (279.759	+	257.555)	/	2 )	/	528.531	*	365 / 4
=	268.657					/	528.531	*	365 / 4
=	46.38

A. Schulman (FRA:SLH) 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.

A. Schulman's Inventory Turnover for the three months ended in May. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	528.531	/	268.657
	=	1.97

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.

A. Schulman's Inventory to Revenue for the three months ended in May. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	268.657	/	611.015
	=	0.44

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.

A. Schulman Days Inventory Related Terms

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

A. Schulman (FRA:SLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » A. Schulman Inc (FRA:SLH) » Definitions » Days Inventory

Traded in Other Exchanges

SLMNP.PFD:USA

Address

1221 McKinney Street, Suite 300, Houston, TX, USA, 77010

Website

https://www.lyondellbasell.com

Lyondellbasell Advanced Polymers Inc manufactures and sells a variety of plastics and chemical-based products. The firm's product portfolio includes Engineered Thermoplastics, Masterbatch, Engineered Composites, Specialty Powders, and Distribution Services. The company organizes itself into four main segments by geography. Europe, Middle East, and Africa segment generate more revenue than any other segment. The other segments are the United States and Canada, Latin America, and Asia-Pacific.