Forbo Holding AG (XSWX:FORN) Days Inventory : 138.91 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Forbo Holding AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Forbo Holding AG's Average Total Inventories for the six months ended in Dec. 2023 was CHF285 Mil. Forbo Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF374 Mil. Hence, Forbo Holding AG's Days Inventory for the six months ended in Dec. 2023 was 138.91.

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

XSWX:FORN' s Days Inventory Range Over the Past 10 Years
Min: 101.04 Med: 108.58 Max: 139.32
Current: 139.32

During the past 13 years, Forbo Holding AG's highest Days Inventory was 139.32. The lowest was 101.04. And the median was 108.58.

XSWX:FORN's Days Inventory is ranked worse than
78.81% of 1392 companies
in the Construction industry
Industry Median: 48.67 vs XSWX:FORN: 139.32

Forbo Holding AG's Days Inventory increased from Dec. 2022 (136.14) to Dec. 2023 (138.91). It might indicate that Forbo Holding AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Forbo Holding AG's Inventory Turnover for the six months ended in Dec. 2023 was 1.31.

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. Forbo Holding AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.51.

Forbo Holding AG Days Inventory Historical Data

The historical data trend for Forbo Holding 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.

Forbo Holding AG Days Inventory Chart

Forbo Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

107.75

117.11

109.41

123.99

136.94

Forbo Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															113.15	119.87	136.14	141.99	138.91

Competitive Comparison of Forbo Holding AG's Days Inventory

For the Building Products & Equipment subindustry, Forbo Holding 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.

Forbo Holding AG's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's Days Inventory distribution charts can be found below:

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

Forbo Holding AG Days Inventory Calculation

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

Forbo Holding 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
=	( (316.2	+	264.2)	/	2 )	/	773.5	*	365
=	290.2					/	773.5	*	365
=	136.94

Forbo Holding 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
=	( (305.3	+	264.2)	/	2 )	/	374.1	*	365 / 2
=	284.75					/	374.1	*	365 / 2
=	138.91

Forbo Holding AG (XSWX:FORN) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	374.1	/	284.75
	=	1.31

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	284.75	/	560
	=	0.51

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.

Forbo Holding AG Days Inventory Related Terms

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

Forbo Holding AG (XSWX:FORN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forbo Holding AG (XSWX:FORN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FORNz:UK

Address

Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341

Website

https://www.forbo.com

Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe.

Forbo Holding AG (XSWX:FORN) Headlines

No Headlines