Days Inventory is also known as Days Sales of Inventory (DSI). Fossil Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $295 Mil. Fossil Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $221 Mil.
Hence, Fossil Group's Days Inventory for the
three
months ended in Dec. 2023 was 121.81.
The historical rank and industry rank for Fossil Group's Days Inventory or its related term are showing as below:
FOSL'
s Days Inventory Range Over the Past 10 Years
Min: 135.54 Med: 146.83 Max: 170.3
Current: 163.03
During the past 13 years, Fossil Group's highest Days Inventory was 170.30. The lowest was 135.54. And the median was 146.83.
FOSL's Days Inventory is ranked worse than 67.32% of 1068
companies
in the Retail - Cyclical industry
Industry Median: 110.545
vs FOSL: 163.03
Fossil Group's Days Inventory
declined
from Dec. 2022 (145.24) to Dec. 2023 (121.81).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fossil Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.75.
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.
Fossil Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.70.
Fossil Group Days Inventory Historical Data
The historical data trend for Fossil Group'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.
For the Luxury Goods subindustry, Fossil Group'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.
Fossil Group Days Inventory Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Fossil Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fossil Group's Days Inventory falls into.
Fossil Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fossil Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Fossil Group (NAS:FOSL) 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.
Fossil Group's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Fossil Group's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Fossil Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Fossil Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fossil Group Inc is a design, innovation and distribution company in consumer fashion accessories. The products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The reportable segments are comprised of 1) Americas segment includes sales in Canada, Latin America and the United States. 2) Europe segment includes sales in European countries, the Middle East and Africa. 3) Asia segment includes sales in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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