Watts Water Technologies (FRA:W3W) Days Inventory : 124.13 (As of Dec. 2023)

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What is Watts Water Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Watts Water Technologies's Average Total Inventories for the three months ended in Dec. 2023 was €364 Mil. Watts Water Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was €268 Mil. Hence, Watts Water Technologies's Days Inventory for the three months ended in Dec. 2023 was 124.13.

The historical rank and industry rank for Watts Water Technologies's Days Inventory or its related term are showing as below:

FRA:W3W' s Days Inventory Range Over the Past 10 Years
Min: 105.06 Med: 110.2 Max: 132.25
Current: 132.25

During the past 13 years, Watts Water Technologies's highest Days Inventory was 132.25. The lowest was 105.06. And the median was 110.20.

FRA:W3W's Days Inventory is ranked worse than
55.28% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs FRA:W3W: 132.25

Watts Water Technologies's Days Inventory declined from Dec. 2022 (133.31) to Dec. 2023 (124.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Watts Water Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. Watts Water Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.73.

Watts Water Technologies Days Inventory Historical Data

The historical data trend for Watts Water Technologies'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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Watts Water Technologies Days Inventory Chart

Watts Water Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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108.79

115.58

107.80

119.41

130.95

Watts Water Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															133.31	140.48	134.90	135.57	124.13

Competitive Comparison of Watts Water Technologies's Days Inventory

For the Specialty Industrial Machinery subindustry, Watts Water Technologies'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.

Watts Water Technologies's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Watts Water Technologies's Days Inventory falls into.

Watts Water Technologies Days Inventory Calculation

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

Watts Water Technologies'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
=	( (354.566	+	366.158)	/	2 )	/	1004.482	*	365
=	360.362					/	1004.482	*	365
=	130.95

Watts Water Technologies'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (362.057	+	366.158)	/	2 )	/	267.672	*	365 / 4
=	364.1075					/	267.672	*	365 / 4
=	124.13

Watts Water Technologies (FRA:W3W) 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.

Watts Water Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	267.672	/	364.1075
	=	0.74

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.

Watts Water Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	364.1075	/	502.057
	=	0.73

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.

Watts Water Technologies Days Inventory Related Terms

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

Watts Water Technologies (FRA:W3W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Watts Water Technologies Inc (FRA:W3W) » Definitions » Days Inventory

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WTS:USA

Address

815 Chestnut Street, North Andover, MA, USA, 01845

Website

https://www.wattswater.com

Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. The company's product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.

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