DSM Firmenich AG (XAMS:DSFIR) Days Inventory : 131.77 (As of Dec. 2023)

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What is DSM Firmenich AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). DSM Firmenich AG's Average Total Inventories for the six months ended in Dec. 2023 was €3,577 Mil. DSM Firmenich AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €4,954 Mil. Hence, DSM Firmenich AG's Days Inventory for the six months ended in Dec. 2023 was 131.77.

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

XAMS:DSFIR' s Days Inventory Range Over the Past 10 Years
Min: 130.43 Med: 140.11 Max: 149.78
Current: 144.08

During the past 3 years, DSM Firmenich AG's highest Days Inventory was 149.78. The lowest was 130.43. And the median was 140.11.

XAMS:DSFIR's Days Inventory is ranked worse than
76.39% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs XAMS:DSFIR: 144.08

DSM Firmenich AG's Days Inventory declined from Dec. 2022 (181.05) to Dec. 2023 (131.77).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. DSM Firmenich AG's Inventory Turnover for the six months ended in Dec. 2023 was 1.38.

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. DSM Firmenich AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.58.

DSM Firmenich AG Days Inventory Historical Data

The historical data trend for DSM Firmenich 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.

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DSM Firmenich AG Days Inventory Chart

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

149.78

130.43

DSM Firmenich AG Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	246.70	181.05	181.87	131.77

Competitive Comparison of DSM Firmenich AG's Days Inventory

For the Household & Personal Products subindustry, DSM Firmenich 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.

DSM Firmenich AG's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DSM Firmenich AG's Days Inventory distribution charts can be found below:

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

DSM Firmenich AG Days Inventory Calculation

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

DSM Firmenich 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
=	( (2339	+	3390)	/	2 )	/	8016	*	365
=	2864.5					/	8016	*	365
=	130.43

DSM Firmenich AG'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
=	( (3764	+	3390)	/	2 )	/	4954	*	365 / 2
=	3577					/	4954	*	365 / 2
=	131.77

DSM Firmenich AG (XAMS:DSFIR) 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.

DSM Firmenich AG's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4954	/	3577
	=	1.38

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.

DSM Firmenich AG's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3577	/	6157
	=	0.58

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.

DSM Firmenich AG Days Inventory Related Terms

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

DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

DSM Firmenich AG (XAMS:DSFIR) Headlines

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