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Days Inventory is also known as Days Sales of Inventory (DSI). International Flavors & Fragrances's Average Total Inventories for the three months ended in Mar. 2024 was $2,605 Mil. International Flavors & Fragrances's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,875 Mil. Hence, International Flavors & Fragrances's Days Inventory for the three months ended in Mar. 2024 was 126.78.
The historical rank and industry rank for International Flavors & Fragrances's Days Inventory or its related term are showing as below:
During the past 13 years, International Flavors & Fragrances's highest Days Inventory was 138.95. The lowest was 84.05. And the median was 126.29.
International Flavors & Fragrances's Days Inventory declined from Mar. 2023 (141.54) to Mar. 2024 (126.78).
Inventory Turnover measures how fast the company turns over its inventory within a year. International Flavors & Fragrances's Inventory Turnover for the three months ended in Mar. 2024 was 0.72.
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. International Flavors & Fragrances's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.90.
The historical data trend for International Flavors & Fragrances'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.
International Flavors & Fragrances Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 132.74 | 137.27 | 84.05 | 128.03 | 138.95 |
International Flavors & Fragrances Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | 141.54 | 138.25 | 136.03 | 132.30 | 126.78 |
For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.
For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Days Inventory distribution charts can be found below:
* The bar in red indicates where International Flavors & Fragrances's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
International Flavors & Fragrances'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 |
= | ( (3299 | + | 2638) | / | 2 ) | / | 7798 | * | 365 |
= | 2968.5 | / | 7798 | * | 365 | ||||
= | 138.95 |
International Flavors & Fragrances's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:
Days Inventory (Q: Mar. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (2638 | + | 2572) | / | 2 ) | / | 1875 | * | 365 / 4 |
= | 2605 | / | 1875 | * | 365 / 4 | ||||
= | 126.78 |
* 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.
International Flavors & Fragrances (NYSE:IFF) 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.
International Flavors & Fragrances's Inventory Turnover for the three months ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1875 | / | 2605 | |
= | 0.72 |
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.
International Flavors & Fragrances's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 2605 | / | 2899 | |
= | 0.90 |
* 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.
Thank you for viewing the detailed overview of International Flavors & Fragrances's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Yuvraj Arora | officer: President, Nourish | INTERNATIONAL FLOWERS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019 |
Fauchon De Villeplee Christophe | officer: President, Scent | INTERNATIONAL FLAVORS & FRANGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019 |
Kevin O'byrne | director | INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019 |
Dawn C Willoughby | director | 1221 BROADWAY, OAKLAND CA 94612 |
Gaoxiang Hu | director | 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160 |
Mark J Costa | director | 200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660 |
Ralf Finzel | officer: EVP, Global Operations Officer | INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019 |
Beril Yildiz | officer: CAO, SVP & Controller | ONE NEW YORK PLAZA, NEW YORK NY 10004 |
Deborah Borg | officer: EVP, Chief HR and D&I Officer | BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017 |
Francisco Fortanet | officer: SVP, Operations | 521 WEST 57TH STREET, NEW YORK NY 10019 |
Frank Clyburn | officer: Chief Executive Officer | 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033 |
Barry A. Bruno | director | 500 CHARLES EWING BLVD, EWING NJ 08628 |
Glenn R Richter | officer: CFO | 3333 BEVERLY ROAD, B6 277A, HOFFMAN ESTATES IL 60179 |
Kathryn Jean Boor | director | 3736 S. MAIN STREET, MARION NY 14505 |
Edward D Breen | director | C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019 |
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