Asahi Group Holdings (Asahi Group Holdings) Days Inventory : 50.79 (As of Dec. 2023)

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What is Asahi Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asahi Group Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $1,874 Mil. Asahi Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,367 Mil. Hence, Asahi Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 50.79.

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

ASBRF' s Days Inventory Range Over the Past 10 Years
Min: 40.89 Med: 45.5 Max: 54.74
Current: 54.74

During the past 13 years, Asahi Group Holdings's highest Days Inventory was 54.74. The lowest was 40.89. And the median was 45.50.

ASBRF's Days Inventory is ranked better than
85.29% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 160.075 vs ASBRF: 54.74

Asahi Group Holdings's Days Inventory increased from Dec. 2022 (50.31) to Dec. 2023 (50.79). It might indicate that Asahi Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asahi Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.80.

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. Asahi Group Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Asahi Group Holdings Days Inventory Historical Data

The historical data trend for Asahi Group Holdings'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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Asahi Group Holdings Days Inventory Chart

Asahi Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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46.09

49.29

53.00

54.31

53.41

Asahi Group Holdings 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															50.31	61.81	57.95	54.90	50.79

Competitive Comparison of Asahi Group Holdings's Days Inventory

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.

Asahi Group Holdings's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Asahi Group Holdings's Days Inventory falls into.

Asahi Group Holdings Days Inventory Calculation

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

Asahi Group Holdings'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
=	( (1741.61	+	1856.607)	/	2 )	/	12294.343	*	365
=	1799.1085					/	12294.343	*	365
=	53.41

Asahi Group Holdings'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
=	( (1892.069	+	1856.607)	/	2 )	/	3367.328	*	365 / 4
=	1874.338					/	3367.328	*	365 / 4
=	50.79

Asahi Group Holdings (OTCPK:ASBRF) 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.

Asahi Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3367.328	/	1874.338
	=	1.80

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.

Asahi Group Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1874.338	/	5181.825
	=	0.36

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.

Asahi Group Holdings Days Inventory Related Terms

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

Asahi Group Holdings (Asahi Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asahi Group Holdings Ltd (OTCPK:ASBRF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2502:Japan ABW:Germany

Address

1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602

Website

http://www.asahigroup-holdings.com

Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.