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Krones AG (XSWX:KRN) Days Inventory : 99.99 (As of Mar. 2024)


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What is Krones AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Krones AG's Average Total Inventories for the three months ended in Mar. 2024 was CHF631 Mil. Krones AG's Cost of Goods Sold for the three months ended in Mar. 2024 was CHF576 Mil. Hence, Krones AG's Days Inventory for the three months ended in Mar. 2024 was 99.99.

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

XSWX:KRN' s Days Inventory Range Over the Past 10 Years
Min: 63.88   Med: 92.29   Max: 164.96
Current: 98.46

During the past 13 years, Krones AG's highest Days Inventory was 164.96. The lowest was 63.88. And the median was 92.29.

XSWX:KRN's Days Inventory is ranked better than
62.57% of 2904 companies
in the Industrial Products industry
Industry Median: 121.615 vs XSWX:KRN: 98.46

Krones AG's Days Inventory increased from Mar. 2023 (92.45) to Mar. 2024 (99.99). It might indicate that Krones AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Krones AG's Inventory Turnover for the three months ended in Mar. 2024 was 0.91.

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


Krones AG Days Inventory Historical Data

The historical data trend for Krones AG'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.

Krones AG Days Inventory Chart

Krones AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.86 81.88 82.76 92.47 96.29

Krones AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.45 105.08 99.98 91.97 99.99

Competitive Comparison of Krones AG's Days Inventory

For the Specialty Industrial Machinery subindustry, Krones AG'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.


Krones AG's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Krones AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Krones AG's Days Inventory falls into.



Krones AG Days Inventory Calculation

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

Krones AG'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
=( (581.702 + 604.864) / 2 ) / 2248.815*365
=593.283 / 2248.815*365
=96.29

Krones AG'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
=( (604.864 + 656.695) / 2 ) / 575.658*365 / 4
=630.7795 / 575.658*365 / 4
=99.99

* 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.


Krones AG  (XSWX:KRN) 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.

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

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.

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

* 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.


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.


Krones AG Days Inventory Related Terms

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


Krones AG (XSWX:KRN) Business Description

Address
Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073
Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (XSWX:KRN) Headlines

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