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Days Inventory is also known as Days Sales of Inventory (DSI). Air Products & Chemicals's Average Total Inventories for the three months ended in Jun. 2024 was $738 Mil. Air Products & Chemicals's Cost of Goods Sold for the three months ended in Jun. 2024 was $2,006 Mil. Hence, Air Products & Chemicals's Days Inventory for the three months ended in Jun. 2024 was 33.60.
The historical rank and industry rank for Air Products & Chemicals's Days Inventory or its related term are showing as below:
During the past 13 years, Air Products & Chemicals's highest Days Inventory was 44.46. The lowest was 18.73. And the median was 24.03.
Air Products & Chemicals's Days Inventory increased from Jun. 2023 (28.85) to Jun. 2024 (33.60). It might indicate that Air Products & Chemicals's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Air Products & Chemicals's Inventory Turnover for the three months ended in Jun. 2024 was 2.72.
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. Air Products & Chemicals's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.25.
The historical data trend for Air Products & Chemicals'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.
Air Products & Chemicals Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 23.96 | 24.71 | 21.81 | 18.92 | 24.09 |
Air Products & Chemicals Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Days Inventory | Get a 7-Day Free Trial | 28.85 | 27.20 | 30.04 | 32.77 | 33.60 |
For the Specialty Chemicals subindustry, Air Products & Chemicals'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, Air Products & Chemicals's Days Inventory distribution charts can be found below:
* The bar in red indicates where Air Products & Chemicals's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Air Products & Chemicals's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as
Days Inventory (A: Sep. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Sep. 2022 ) | + | Total Inventories (A: Sep. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Sep. 2023 ) | * | Days in Period |
= | ( (514.2 | + | 651.8) | / | 2 ) | / | 8833 | * | 365 |
= | 583 | / | 8833 | * | 365 | ||||
= | 24.09 |
Air Products & Chemicals's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:
Days Inventory (Q: Jun. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Mar. 2024 ) | + | Total Inventories (Q: Jun. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2024 ) | * | Days in Period |
= | ( (721.2 | + | 755.6) | / | 2 ) | / | 2005.6 | * | 365 / 4 |
= | 738.4 | / | 2005.6 | * | 365 / 4 | ||||
= | 33.60 |
* 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.
Air Products & Chemicals (NYSE:APD) 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.
Air Products & Chemicals's Inventory Turnover for the three months ended in Jun. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 2005.6 | / | 738.4 | |
= | 2.72 |
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.
Air Products & Chemicals's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 738.4 | / | 2985.5 | |
= | 0.25 |
* 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 Air Products & Chemicals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey Kutz | officer: VP, Controller & PAO | 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106-5500 |
Seifi Ghasemi | director | 100 OVERLOOK CENTER, PRINCETON NJ 08540 |
Sean D Major | officer: Executive VP & General Counsel | 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202 |
Tonit M Calaway | director | HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208 |
Wayne Thomas Smith | director | 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106 |
Melissa N. Schaeffer | officer: Senior Vice President and CFO | 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106 |
Edward L Monser | director | |
Lisa Ann Davis | director | 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302 |
Russell A Flugel | officer: Chief Accounting Officer | C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602 |
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Samir Serhan | officer: Executive Vice President | 7201 HAMILTON BLVD., ALLENTOWN PA 18195 |
Jennifer Grant | officer: VP | 7201 HAMILTON BLVD, ALLENTOWN PA 18195 |
John D. Stanley | officer: SR VP and General Counsel | 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501 |
Guillermo Novo | officer: Senior V.P. | AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195 |
Painter Corning F. | officer: Senior V.P. | 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501 |
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