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Kontoor Brands (Kontoor Brands) Days Inventory : 132.07 (As of Mar. 2024)


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What is Kontoor Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kontoor Brands's Average Total Inventories for the three months ended in Mar. 2024 was $501 Mil. Kontoor Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was $346 Mil. Hence, Kontoor Brands's Days Inventory for the three months ended in Mar. 2024 was 132.07.

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

KTB' s Days Inventory Range Over the Past 10 Years
Min: 93.86   Med: 110.12   Max: 142.23
Current: 142.23

During the past 8 years, Kontoor Brands's highest Days Inventory was 142.23. The lowest was 93.86. And the median was 110.12.

KTB's Days Inventory is ranked worse than
54.48% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.14 vs KTB: 142.23

Kontoor Brands's Days Inventory declined from Mar. 2023 (150.75) to Mar. 2024 (132.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kontoor Brands's Inventory Turnover for the three months ended in Mar. 2024 was 0.69.

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. Kontoor Brands's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.79.


Kontoor Brands Days Inventory Historical Data

The historical data trend for Kontoor Brands'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.

* Premium members only.

Kontoor Brands Days Inventory Chart

Kontoor Brands Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 110.12 118.13 93.86 117.00 131.77

Kontoor Brands 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 150.75 160.54 146.75 129.21 132.07

Competitive Comparison of Kontoor Brands's Days Inventory

For the Apparel Manufacturing subindustry, Kontoor Brands'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.


Kontoor Brands's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kontoor Brands's Days Inventory distribution charts can be found below:

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



Kontoor Brands Days Inventory Calculation

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

Kontoor Brands'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
=( (596.836 + 500.353) / 2 ) / 1519.635*365
=548.5945 / 1519.635*365
=131.77

Kontoor Brands'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
=( (500.353 + 501.341) / 2 ) / 346.058*365 / 4
=500.847 / 346.058*365 / 4
=132.07

* 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.


Kontoor Brands  (NYSE:KTB) 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.

Kontoor Brands's Inventory Turnover for the three months ended in Mar. 2024 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.

Kontoor Brands's Inventory to Revenue for the three months ended in Mar. 2024 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.


Kontoor Brands Days Inventory Related Terms

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


Kontoor Brands (Kontoor Brands) Business Description

Traded in Other Exchanges
Address
400 N. Elm Street, Greensboro, NC, USA, 27401
Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
Executives
Susan Denise Sumner officer: VP & CAO 400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire officer: EVP & Chief Financial Officer C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron officer: VP & GB President - Wrangler 400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page director C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr officer: EVP, GC, & Corp. Sec. ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith director 400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter director, officer: President & CEO 400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger officer: VP, GC & Corporate Secretary ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller director C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch director P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci director 1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg director 1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams director 600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton officer: VP & CFO 400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck officer: VP & GB President - Lee 400 NORTH ELM STREET, GREENSBORO NC 27401