Danone (XPAR:BN) Days Inventory : 66.31 (As of Dec. 2023)

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What is Danone Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Danone's Average Total Inventories for the six months ended in Dec. 2023 was €2,567 Mil. Danone's Cost of Goods Sold for the six months ended in Dec. 2023 was €7,064 Mil. Hence, Danone's Days Inventory for the six months ended in Dec. 2023 was 66.31.

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

XPAR:BN' s Days Inventory Range Over the Past 10 Years
Min: 42.79 Med: 51.16 Max: 64.89
Current: 64.89

During the past 13 years, Danone's highest Days Inventory was 64.89. The lowest was 42.79. And the median was 51.16.

XPAR:BN's Days Inventory is ranked better than
63.03% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs XPAR:BN: 64.89

Danone's Days Inventory increased from Dec. 2022 (60.47) to Dec. 2023 (66.31). It might indicate that Danone's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danone's Inventory Turnover for the six months ended in Dec. 2023 was 2.75.

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. Danone's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.19.

Danone Days Inventory Historical Data

The historical data trend for Danone'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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Danone Days Inventory Chart

Danone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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52.75

56.13

54.66

56.27

62.28

Danone Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															54.60	57.67	60.47	66.09	66.31

Competitive Comparison of Danone's Days Inventory

For the Packaged Foods subindustry, Danone'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.

Danone's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

Danone Days Inventory Calculation

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

Danone'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
=	( (2619	+	2341)	/	2 )	/	14535	*	365
=	2480					/	14535	*	365
=	62.28

Danone'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2792	+	2341)	/	2 )	/	7064	*	365 / 2
=	2566.5					/	7064	*	365 / 2
=	66.31

Danone (XPAR:BN) 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.

Danone's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7064	/	2566.5
	=	2.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2566.5	/	13452
	=	0.19

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.

Danone Days Inventory Related Terms

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

Danone (XPAR:BN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Danone SA (XPAR:BN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GPDNF:USA DANOY:USA BNN:Mexico BNp:UK 0KFX:UK BSN:Germany BN:Austria

Address

17, Boulevard Haussmann, Paris, FRA, 75009

Website

https://www.danone.com

Following the acquisition of WhiteWave, Danone restructured the firm into three broad segments: essential dairy and plant-based products, which represents just over half of group revenue; specialised nutrition; and bottled water. The firm's portfolio includes well-known brands such as Danone/Dannon dairy products, Nutrilon and Cow & Gate infant nutrition, Evian and Volvic bottled water, as well as leading medical nutrition brands. Danone derives about 60% of its annual sales outside Western Europe, up from about just one third in 2001.