Bureau Veritas (XPAR:BVI) Days Inventory : 11.06 (As of Dec. 2023)

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What is Bureau Veritas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bureau Veritas's Average Total Inventories for the six months ended in Dec. 2023 was €49 Mil. Bureau Veritas's Cost of Goods Sold for the six months ended in Dec. 2023 was €813 Mil. Hence, Bureau Veritas's Days Inventory for the six months ended in Dec. 2023 was 11.06.

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

XPAR:BVI' s Days Inventory Range Over the Past 10 Years
Min: 5.12 Med: 12.11 Max: 14.21
Current: 11.56

During the past 13 years, Bureau Veritas's highest Days Inventory was 14.21. The lowest was 5.12. And the median was 12.11.

XPAR:BVI's Days Inventory is ranked better than
65.74% of 680 companies
in the Business Services industry
Industry Median: 29.11 vs XPAR:BVI: 11.56

Bureau Veritas's Days Inventory declined from Dec. 2022 (11.70) to Dec. 2023 (11.06).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bureau Veritas's Inventory Turnover for the six months ended in Dec. 2023 was 16.50.

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. Bureau Veritas's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Bureau Veritas Days Inventory Historical Data

The historical data trend for Bureau Veritas'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.

Bureau Veritas Days Inventory Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

14.21

13.22

13.01

12.65

11.56

Bureau Veritas 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															15.91	13.69	11.70	12.04	11.06

Competitive Comparison of Bureau Veritas's Days Inventory

For the Consulting Services subindustry, Bureau Veritas'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.

Bureau Veritas's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bureau Veritas's Days Inventory distribution charts can be found below:

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

Bureau Veritas Days Inventory Calculation

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

Bureau Veritas'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
=	( (54.7	+	49.3)	/	2 )	/	1642.3	*	365
=	52					/	1642.3	*	365
=	11.56

Bureau Veritas'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
=	( (0	+	49.3)	/	1 )	/	813.4	*	365 / 2
=	49.3					/	813.4	*	365 / 2
=	11.06

Bureau Veritas (XPAR:BVI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	813.4	/	49.3
	=	16.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	49.3	/	2963.6
	=	0.02

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.

Bureau Veritas Days Inventory Related Terms

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

Bureau Veritas (XPAR:BVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (XPAR:BVI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK 0MH1:UK 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

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