Voda Vrnjci a.d (XBEL:VDAV) Days Inventory : 92.70 (As of Dec. 2023)

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What is Voda Vrnjci a.d Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Voda Vrnjci a.d's Average Total Inventories for the six months ended in Dec. 2023 was RSD180 Mil. Voda Vrnjci a.d's Cost of Goods Sold for the six months ended in Dec. 2023 was RSD354 Mil. Hence, Voda Vrnjci a.d's Days Inventory for the six months ended in Dec. 2023 was 92.70.

The historical rank and industry rank for Voda Vrnjci a.d's Days Inventory or its related term are showing as below:

XBEL:VDAV' s Days Inventory Range Over the Past 10 Years
Min: 73.97 Med: 82.21 Max: 96.06
Current: 96.06

During the past 13 years, Voda Vrnjci a.d's highest Days Inventory was 96.06. The lowest was 73.97. And the median was 82.21.

XBEL:VDAV's Days Inventory is not ranked
in the Beverages - Non-Alcoholic industry.
Industry Median: 69.605 vs XBEL:VDAV: 96.06

Voda Vrnjci a.d's Days Inventory increased from Dec. 2022 (73.97) to Dec. 2023 (92.70). It might indicate that Voda Vrnjci a.d's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Voda Vrnjci a.d's Inventory Turnover for the six months ended in Dec. 2023 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. Voda Vrnjci a.d's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.31.

Voda Vrnjci a.d Days Inventory Historical Data

The historical data trend for Voda Vrnjci a.d'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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Voda Vrnjci a.d Days Inventory Chart

Voda Vrnjci a.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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81.73

89.28

87.61

74.53

93.02

Voda Vrnjci a.d Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	75.24	73.97	102.86	92.70

Competitive Comparison of Voda Vrnjci a.d's Days Inventory

For the Beverages - Non-Alcoholic subindustry, Voda Vrnjci a.d'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.

Voda Vrnjci a.d's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Voda Vrnjci a.d's Days Inventory distribution charts can be found below:

* The bar in red indicates where Voda Vrnjci a.d's Days Inventory falls into.

Voda Vrnjci a.d Days Inventory Calculation

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

Voda Vrnjci a.d'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
=	( (177.936	+	169.261)	/	2 )	/	681.165	*	365
=	173.5985					/	681.165	*	365
=	93.02

Voda Vrnjci a.d's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (190.594	+	169.261)	/	2 )	/	354.227	*	365 / 2
=	179.9275					/	354.227	*	365 / 2
=	92.70

Voda Vrnjci a.d (XBEL:VDAV) 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.

Voda Vrnjci a.d's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	354.227	/	179.9275
	=	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.

Voda Vrnjci a.d's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	179.9275	/	582.282
	=	0.31

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.

Voda Vrnjci a.d Days Inventory Related Terms

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

Voda Vrnjci a.d (XBEL:VDAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Voda Vrnjci a.d (XBEL:VDAV) » Definitions » Days Inventory

Comparable Companies

MOJO BOM:507690 BUD:FUTURAQUA HKSE:00359 ASX:ERG GHMP COL:CCS.N0000 TSE:2901 TPE:1213 XCNQ:MILK

Traded in Other Exchanges

N/A

Address

Kneza Milosa 162, Vrnjacka Banja, SRB, 36210

Website

http://www.vodavrnjci.rs

Voda Vrnjci a.d is engaged in the production of soft drinks, mineral waters, and other bottled waters. The company bottled water brands include Gazirana 21, Slightly carbonated 21, Negated 1.51, and premiun non-greasy O.751.

Voda Vrnjci a.d (XBEL:VDAV) Headlines

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