Sappi (JSE:SAP) Days Inventory : 65.65 (As of Mar. 2024)

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What is Sappi Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sappi's Average Total Inventories for the three months ended in Mar. 2024 was R15,499 Mil. Sappi's Cost of Goods Sold for the three months ended in Mar. 2024 was R21,543 Mil. Hence, Sappi's Days Inventory for the three months ended in Mar. 2024 was 65.65.

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

JSE:SAP' s Days Inventory Range Over the Past 10 Years
Min: 44.67 Med: 51.72 Max: 64.45
Current: 64.45

During the past 13 years, Sappi's highest Days Inventory was 64.45. The lowest was 44.67. And the median was 51.72.

JSE:SAP's Days Inventory is ranked better than
72.2% of 277 companies
in the Forest Products industry
Industry Median: 88.31 vs JSE:SAP: 64.45

Sappi's Days Inventory increased from Mar. 2023 (61.38) to Mar. 2024 (65.65). It might indicate that Sappi's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sappi's Inventory Turnover for the three months ended in Mar. 2024 was 1.39.

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. Sappi's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.61.

Sappi Days Inventory Historical Data

The historical data trend for Sappi'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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Sappi Days Inventory Chart

Sappi Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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53.12

56.40

62.41

45.50

55.87

Sappi 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															61.38	60.71	61.43	67.93	65.65

Competitive Comparison of Sappi's Days Inventory

For the Paper & Paper Products subindustry, Sappi'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.

Sappi's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sappi's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sappi's Days Inventory falls into.

Sappi Days Inventory Calculation

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

Sappi'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
=	( (13726.674	+	14736.349)	/	2 )	/	92969.861	*	365
=	14231.5115					/	92969.861	*	365
=	55.87

Sappi'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
=	( (15334.794	+	15662.522)	/	2 )	/	21543.036	*	365 / 4
=	15498.658					/	21543.036	*	365 / 4
=	65.65

Sappi (JSE:SAP) 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.

Sappi's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21543.036	/	15498.658
	=	1.39

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.

Sappi's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15498.658	/	25482.226
	=	0.61

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.

Sappi Days Inventory Related Terms

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

Sappi (JSE:SAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sappi Ltd (JSE:SAP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SPPJY:USA SPI:Germany

Address

108 Oxford Road, Rosebank, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.sappi.com

Sappi Ltd produces and sells a variety of paper and paper-related products. The products and services include Dissolving pulp, Graphic papers, Packaging and speciality papers, Casting and release papers, Biomaterials and Bio-energy. The company organizes itself into three primary segments based on geography: North America, Europe, and Southern Africa. More of the revenue comes from Europe than any other geography.