Incitec Pivot (ASX:IPL) Days Inventory

: 110.18 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Incitec Pivot's Average Total Inventories for the six months ended in Sep. 2023 was A$938 Mil. Incitec Pivot's Cost of Goods Sold for the six months ended in Sep. 2023 was A$1,554 Mil. Hence, Incitec Pivot's Days Inventory for the six months ended in Sep. 2023 was 110.18.

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

ASX:IPL' s Days Inventory Range Over the Past 10 Years
Min: 92.53 Med: 98.24 Max: 119.23
Current: 119.23

During the past 13 years, Incitec Pivot's highest Days Inventory was 119.23. The lowest was 92.53. And the median was 98.24.

ASX:IPL's Days Inventory is ranked worse than
70.6% of 1493 companies
in the Chemicals industry
Industry Median: 83.51 vs ASX:IPL: 119.23

Incitec Pivot's Days Inventory increased from Sep. 2022 (93.24) to Sep. 2023 (110.18). It might indicate that Incitec Pivot's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Incitec Pivot's Inventory Turnover for the six months ended in Sep. 2023 was 1.66.

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. Incitec Pivot's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.33.

Incitec Pivot Days Inventory Historical Data

The historical data trend for Incitec Pivot'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.

Incitec Pivot Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

102.17

107.31

93.47

96.29

112.84

Incitec Pivot Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory																89.59	135.48	93.24	136.27	110.18

Competitive Comparison

For the Specialty Chemicals subindustry, Incitec Pivot'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.

Incitec Pivot Days Inventory Distribution

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

* The bar in red indicates where Incitec Pivot's Days Inventory falls into.

Incitec Pivot Days Inventory Calculation

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

Incitec Pivot's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (993.6	+	817.4)	/	2 )	/	2929	*	365
=	905.5					/	2929	*	365
=	112.84

Incitec Pivot's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1059.3	+	817.4)	/	2 )	/	1554.3	*	365 / 2
=	938.35					/	1554.3	*	365 / 2
=	110.18

Incitec Pivot (ASX:IPL) 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.

Incitec Pivot's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1554.3	/	938.35
	=	1.66

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.

Incitec Pivot's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	938.35	/	2804.3
	=	0.33

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.

Incitec Pivot Days Inventory Related Terms

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

Incitec Pivot (ASX:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Incitec Pivot Ltd (ASX:IPL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

INCZY:USA ICPVF:USA I5P:Germany

Address

28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.incitecpivot.com.au

Incitec Pivot is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives contributes around 80% of EBIT. Incitec Pivot is also a major Australian fertilizer producer and distributor and is the only Australian manufacturer of ammonium phosphates and urea. Ammonium phosphates are sold in the domestic market and exported.

Incitec Pivot (ASX:IPL) Headlines

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