GL Events (XPAR:GLO) Days Inventory : 190.40 (As of Dec. 2023)

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What is GL Events Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GL Events's Average Total Inventories for the six months ended in Dec. 2023 was €58 Mil. GL Events's Cost of Goods Sold for the six months ended in Dec. 2023 was €56 Mil. Hence, GL Events's Days Inventory for the six months ended in Dec. 2023 was 190.40.

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

XPAR:GLO' s Days Inventory Range Over the Past 10 Years
Min: 148.29 Med: 243.48 Max: 375.37
Current: 209.91

During the past 13 years, GL Events's highest Days Inventory was 375.37. The lowest was 148.29. And the median was 243.48.

XPAR:GLO's Days Inventory is ranked worse than
90.29% of 680 companies
in the Business Services industry
Industry Median: 29.47 vs XPAR:GLO: 209.91

GL Events's Days Inventory increased from Dec. 2022 (105.37) to Dec. 2023 (190.40). It might indicate that GL Events's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. GL Events's Inventory Turnover for the six months ended in Dec. 2023 was 0.96.

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. GL Events's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.08.

GL Events Days Inventory Historical Data

The historical data trend for GL Events'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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GL Events Days Inventory Chart

GL Events Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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183.15

375.37

296.91

148.29

207.75

GL Events 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															229.50	258.18	105.37	240.90	190.40

Competitive Comparison of GL Events's Days Inventory

For the Specialty Business Services subindustry, GL Events'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.

GL Events's Days Inventory Distribution in the Business Services Industry

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

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

GL Events Days Inventory Calculation

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

GL Events'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
=	( (46.104	+	61.19)	/	2 )	/	94.254	*	365
=	53.647					/	94.254	*	365
=	207.75

GL Events'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
=	( (55.319	+	61.19)	/	2 )	/	55.836	*	365 / 2
=	58.2545					/	55.836	*	365 / 2
=	190.40

GL Events (XPAR:GLO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	55.836	/	58.2545
	=	0.96

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	58.2545	/	732.652
	=	0.08

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.

GL Events Days Inventory Related Terms

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

GL Events (XPAR:GLO) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0X5:Germany

Address

59 Quai Rambaud, Lyon, FRA, 69002

Website

http://www.gl-events.com

GL Events is a France-based company engaged in providing integrated solutions and services for events operating across various market segments like conventions, conferences, congresses, cultural, sports and political events, trade shows, and consumer fairs. It has three business divisions namely GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events from consulting and design to producing the event. GL events Exhibitions manages and coordinates the group's portfolio of more than 300 proprietary trade fairs covering a wide range of sectors like food industry, culture, textiles, manufacturing. GL events Venues manages a network of 40 venues in France and international destinations.