What is Johnson Controls International Days Inventory?
Days Inventory is also known as Days Sales of Inventory (DSI). Johnson Controls International's Average Total Inventories for the
three
months ended in Dec. 2023 was $2,891 Mil. Johnson Controls International's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $4,102 Mil.
Hence, Johnson Controls International's Days Inventory for the
three
months ended in Dec. 2023 was 64.31.
The historical rank and industry rank for Johnson Controls International's Days Inventory or its related term are showing as below:
JCI'
s Days Inventory Range Over the Past 10 Years
Min: 27.01 Med: 51.65 Max: 72.7
Current: 60.27
During the past 13 years, Johnson Controls International's highest Days Inventory was 72.70. The lowest was 27.01. And the median was 51.65.
JCI's Days Inventory is ranked worse than 56.03% of 1392
companies
in the Construction industry
Industry Median: 48.8
vs JCI: 60.27
Johnson Controls International's Days Inventory
increased
from Dec. 2022 (62.01) to Dec. 2023 (64.31).
It might indicate that Johnson Controls International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Johnson Controls International's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.42.
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.
Johnson Controls International's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.47.
Johnson Controls International Days Inventory Historical Data
The historical data trend for Johnson Controls International'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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Johnson Controls International Days Inventory Chart
Competitive Comparison of Johnson Controls International's Days Inventory
For the Building Products & Equipment subindustry, Johnson Controls International'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.
Johnson Controls International's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Johnson Controls International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Johnson Controls International's Days Inventory falls into.
Johnson Controls International Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Johnson Controls International's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Johnson Controls International (NYSE:JCI) 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.
Johnson Controls International's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Johnson Controls International's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Johnson Controls International Days Inventory Related Terms
Thank you for viewing the detailed overview of Johnson Controls International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Johnson Controls International (Johnson Controls International) Business Description
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
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