Utz Brands (Utz Brands) Days Inventory : 42.65 (As of Dec. 2023)

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What is Utz Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Utz Brands's Average Total Inventories for the three months ended in Dec. 2023 was $111 Mil. Utz Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $237 Mil. Hence, Utz Brands's Days Inventory for the three months ended in Dec. 2023 was 42.65.

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

UTZ' s Days Inventory Range Over the Past 10 Years
Min: 31.91 Med: 36.85 Max: 43.51
Current: 43.51

During the past 6 years, Utz Brands's highest Days Inventory was 43.51. The lowest was 31.91. And the median was 36.85.

UTZ's Days Inventory is ranked better than
81.37% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs UTZ: 43.51

Utz Brands's Days Inventory declined from Dec. 2022 (42.99) to Dec. 2023 (42.65).

Inventory Turnover measures how fast the company turns over its inventory within a year. Utz Brands's Inventory Turnover for the three months ended in Dec. 2023 was 2.14.

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. Utz Brands's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

Utz Brands Days Inventory Historical Data

The historical data trend for Utz Brands'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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Utz Brands Days Inventory Chart

Utz Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

36.11

31.91

37.58

41.39

Utz Brands 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															42.99	44.61	45.70	43.18	42.65

Competitive Comparison of Utz Brands's Days Inventory

For the Packaged Foods subindustry, Utz Brands'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.

Utz Brands's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Utz Brands's Days Inventory distribution charts can be found below:

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

Utz Brands Days Inventory Calculation

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

Utz Brands'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
=	( (118.006	+	104.666)	/	2 )	/	981.751	*	365
=	111.336					/	981.751	*	365
=	41.39

Utz Brands'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
=	( (116.674	+	104.666)	/	2 )	/	236.771	*	365 / 4
=	110.67					/	236.771	*	365 / 4
=	42.65

Utz Brands (NYSE:UTZ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	236.771	/	110.67
	=	2.14

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	110.67	/	352.099
	=	0.31

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.

Utz Brands Days Inventory Related Terms

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

Utz Brands (Utz Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Utz Brands Inc (NYSE:UTZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 High Street, Hanover, PA, USA, 17331

Website

https://www.utzsnacks.com

Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.

Executives

Theresa Robbins Shea	officer: EVP and General Counsel	900 HIGH STREET, HANOVER PA 17331
Jennifer Bentz	officer: EVP, Insights, Innov & Mktg	900 HIGH STREET, HANOVER PA 17331
Dylan Lissette	director, officer: Chief Executive Officer	860 WESTMINSTER AVENUE, HANOVER PA 17331
Roger K Deromedi	director, 10 percent owner, officer: Chairman	900 HIGH STREET, HANOVER PA 17331
Chinh Chu	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Cc Collier Holdings, Llc	10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Howard A Friedman	director, officer: CEO	900 HIGH STREET, HANOVER PA 17331
Chad Whyte	officer: EVP, Supply Chain	900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart	director	900 HIGH STREET, HANOVER PA 17331
Shannan Redcay	officer: EVP, Manufacturing	900 HIGH STREET, HANOVER PA 17331
Cary Devore	officer: EVP & CFO	900 HIGH STREET, HANOVER PA 17331
Shane Chambers	officer: EVP & Chief Growth Officer	900 HIGH STREET, HANOVER PA 17331
John W Altmeyer	director	946 HIGHMEADOW COURT, LANCASTER PA 17601
Antonio F. Fernandez	director	C/O PINNACLE FOODS INC., 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Ajay Kataria	officer: EVP, Finance & Accounting	900 HIGH STREET, HANOVER PA 17331