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Days Inventory is also known as Days Sales of Inventory (DSI). Compass Diversified Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $771 Mil. Compass Diversified Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $259 Mil. Hence, Compass Diversified Holdings's Days Inventory for the three months ended in Dec. 2023 was 272.17.
The historical rank and industry rank for Compass Diversified Holdings's Days Inventory or its related term are showing as below:
During the past 13 years, Compass Diversified Holdings's highest Days Inventory was 236.44. The lowest was 44.28. And the median was 132.12.
Compass Diversified Holdings's Days Inventory increased from Dec. 2022 (240.98) to Dec. 2023 (272.17). It might indicate that Compass Diversified Holdings's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Compass Diversified Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.34.
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. Compass Diversified Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.82.
The historical data trend for Compass Diversified 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.
For the Conglomerates subindustry, Compass Diversified 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.
For the Conglomerates industry and Industrials sector, Compass Diversified Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Compass Diversified Holdings's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Compass Diversified 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 |
= | ( (680.545 | + | 740.387) | / | 2 ) | / | 1165.553 | * | 365 |
= | 710.466 | / | 1165.553 | * | 365 | ||||
= | 222.49 |
Compass Diversified Holdings'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 |
= | ( (801.887 | + | 740.387) | / | 2 ) | / | 258.54 | * | 365 / 4 |
= | 771.137 | / | 258.54 | * | 365 / 4 | ||||
= | 272.17 |
* 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.
Compass Diversified Holdings (NYSE:CODI) 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.
Compass Diversified Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 258.54 | / | 771.137 | |
= | 0.34 |
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.
Compass Diversified Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 771.137 | / | 422.924 | |
= | 1.82 |
* 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.
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.
Thank you for viewing the detailed overview of Compass Diversified Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan J Faulkingham | other: See Remark (a) | SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880 |
Harold S Edwards | other: See Remark (a) | SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880 |
Teri Shaffer | other: See Remark (a) | 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880 |
Nancy Mahon | other: See Remark (a) | C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Alexander S. Bhathal | other: See Remark (a) | 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880 |
James Bottiglieri | other: See Remark (a) | 2187 ATLANTIC ST, STAMFORD CT 06902 |
Larry L Enterline | other: See Remark (a) | 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217 |
Gordon M Burns | other: See Remark (a) | AZTAR CORPORATION, 2390 E. CAMELBACK RD., SUITE 400, PHOENIX AZ 85016 |
Compass Group Investments, Ltd. | 10 percent owner | BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000 |
Patrick A Maciariello | other: See Remarks (a) | 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880 |
Elias Sabo | other: See Remarks (a) | 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217 |
Simon Heidi Locke | other: See Remark (a) | 26 KENSETT LANE, DARIEN CT 06820 |
Sarah Gaines Mccoy | other: See Remark (a) | 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862 |
C Sean Day | other: See Remark (a) | |
D Eugene Ewing | other: See Remark (a) | SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880 |
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