Ambev (ABEV) Days Inventory

: 97.20 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Ambev's Average Total Inventories for the three months ended in Dec. 2023 was $2,022 Mil. Ambev's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,898 Mil. Hence, Ambev's Days Inventory for the three months ended in Dec. 2023 was 97.20.

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

ABEV' s Days Inventory Range Over the Past 10 Years
Min: 83.66 Med: 89.57 Max: 106.25
Current: 106.25

During the past 13 years, Ambev's highest Days Inventory was 106.25. The lowest was 83.66. And the median was 89.57.

ABEV's Days Inventory is ranked better than
64.88% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 156.14 vs ABEV: 106.25

Ambev's Days Inventory declined from Dec. 2022 (102.21) to Dec. 2023 (97.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ambev's Inventory Turnover for the three months ended in Dec. 2023 was 0.94.

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. Ambev's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.50.

Ambev Days Inventory Historical Data

The historical data trend for Ambev'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.

Ambev Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

92.92

96.47

93.63

100.09

96.69

Ambev 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															102.21	113.24	112.99	103.03	97.20

Competitive Comparison

For the Beverages - Brewers subindustry, Ambev'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.

Ambev Days Inventory Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's Days Inventory distribution charts can be found below:

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

Ambev Days Inventory Calculation

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

Ambev'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
=	( (2395.375	+	1853.361)	/	2 )	/	8019.021	*	365
=	2124.368					/	8019.021	*	365
=	96.69

Ambev'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
=	( (2190.647	+	1853.361)	/	2 )	/	1898.3	*	365 / 4
=	2022.004					/	1898.3	*	365 / 4
=	97.20

Ambev (NYSE:ABEV) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1898.3	/	2022.004
	=	0.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2022.004	/	4079.611
	=	0.50

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.

Ambev Days Inventory Related Terms

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

Ambev (ABEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Ambev SA (NYSE:ABEV) » Definitions » Days Inventory

Traded in Other Exchanges

ABEV:Mexico AMNA:Germany ABEV3:Brazil ABEV:Argentina

Address

Rua Doutor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.ambev.com.br

Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.