Xerox Holdings (LTS:0A6Y) Days Inventory : 60.19 (As of Mar. 2024)

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What is Xerox Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Xerox Holdings's Average Total Inventories for the three months ended in Mar. 2024 was $699 Mil. Xerox Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,059 Mil. Hence, Xerox Holdings's Days Inventory for the three months ended in Mar. 2024 was 60.19.

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

LTS:0A6Y' s Days Inventory Range Over the Past 10 Years
Min: 46.58 Med: 54.54 Max: 63.81
Current: 61.09

During the past 13 years, Xerox Holdings's highest Days Inventory was 63.81. The lowest was 46.58. And the median was 54.54.

LTS:0A6Y's Days Inventory is ranked worse than
70.84% of 1564 companies
in the Software industry
Industry Median: 19.625 vs LTS:0A6Y: 61.09

Xerox Holdings's Days Inventory declined from Mar. 2023 (67.26) to Mar. 2024 (60.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. Xerox Holdings's Inventory Turnover for the three months ended in Mar. 2024 was 1.52.

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. Xerox Holdings's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.47.

Xerox Holdings Days Inventory Historical Data

The historical data trend for Xerox Holdings'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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Xerox Holdings Days Inventory Chart

Xerox Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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51.32

63.81

60.60

56.90

58.20

Xerox Holdings 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															67.26	64.87	61.73	54.03	60.19

Competitive Comparison of Xerox Holdings's Days Inventory

For the Information Technology Services subindustry, Xerox Holdings'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.

Xerox Holdings's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Xerox Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Xerox Holdings's Days Inventory falls into.

Xerox Holdings Days Inventory Calculation

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

Xerox Holdings'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
=	( (797	+	661)	/	2 )	/	4572	*	365
=	729					/	4572	*	365
=	58.20

Xerox Holdings'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
=	( (661	+	736)	/	2 )	/	1059	*	365 / 4
=	698.5					/	1059	*	365 / 4
=	60.19

Xerox Holdings (LTS:0A6Y) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1059	/	698.5
	=	1.52

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	698.5	/	1502
	=	0.47

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.

Xerox Holdings Days Inventory Related Terms

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

Xerox Holdings (LTS:0A6Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xerox Holdings Corp (LTS:0A6Y) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056

Website

https://www.xerox.com

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

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