FMX (Fomento Economico MexicanoB de CV) Days Inventory : 48.68 (As of Sep. 2024)

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What is Fomento Economico MexicanoB de CV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fomento Economico MexicanoB de CV's Average Total Inventories for the three months ended in Sep. 2024 was $3,181 Mil. Fomento Economico MexicanoB de CV's Cost of Goods Sold for the three months ended in Sep. 2024 was $5,962 Mil. Hence, Fomento Economico MexicanoB de CV's Days Inventory for the three months ended in Sep. 2024 was 48.68.

The historical rank and industry rank for Fomento Economico MexicanoB de CV's Days Inventory or its related term are showing as below:

FMX' s Days Inventory Range Over the Past 10 Years
Min: 40.58 Med: 44.14 Max: 58.07
Current: 47.26

During the past 13 years, Fomento Economico MexicanoB de CV's highest Days Inventory was 58.07. The lowest was 40.58. And the median was 44.14.

FMX's Days Inventory is ranked better than
89.86% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 160.45 vs FMX: 47.26

Fomento Economico MexicanoB de CV's Days Inventory increased from Sep. 2023 (47.44) to Sep. 2024 (48.68). It might indicate that Fomento Economico MexicanoB de CV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fomento Economico MexicanoB de CV's Inventory Turnover for the three months ended in Sep. 2024 was 1.87.

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. Fomento Economico MexicanoB de CV's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.32.

Fomento Economico MexicanoB de CV Days Inventory Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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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Fomento Economico MexicanoB de CV Days Inventory Chart

Fomento Economico MexicanoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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43.59

52.53

58.73

56.78

48.47

Fomento Economico MexicanoB de CV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															47.44	48.67	47.11	46.29	48.68

Competitive Comparison of Fomento Economico MexicanoB de CV's Days Inventory

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Days Inventory falls into.

Fomento Economico MexicanoB de CV Days Inventory Calculation

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

Fomento Economico MexicanoB de CV'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
=	( (3191.629	+	3430.019)	/	2 )	/	24931.001	*	365
=	3310.824					/	24931.001	*	365
=	48.47

Fomento Economico MexicanoB de CV's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3153.312	+	3208.229)	/	2 )	/	5962.479	*	365 / 4
=	3180.7705					/	5962.479	*	365 / 4
=	48.68

Fomento Economico MexicanoB de CV (NYSE:FMX) 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.

Fomento Economico MexicanoB de CV's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5962.479	/	3180.7705
	=	1.87

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.

Fomento Economico MexicanoB de CV's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3180.7705	/	9993.296
	=	0.32

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.

Fomento Economico MexicanoB de CV Days Inventory Related Terms

Thank you for viewing the detailed overview of Fomento Economico MexicanoB de CV's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Fomento Economico MexicanoB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico 0TD7:UK FOMC:Germany FOMA:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and around 90% of profits in 2023.