Nexeo Solutions (Nexeo Solutions) Days Inventory : 38.11 (As of Dec. 2018)

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What is Nexeo Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nexeo Solutions's Average Total Inventories for the three months ended in Dec. 2018 was $350 Mil. Nexeo Solutions's Cost of Goods Sold for the three months ended in Dec. 2018 was $837 Mil. Hence, Nexeo Solutions's Days Inventory for the three months ended in Dec. 2018 was 38.11.

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

NXEO's Days Inventory is not ranked ^*
in the Chemicals industry.
Industry Median: 83.1
* Ranked among companies with meaningful Days Inventory only.

Nexeo Solutions's Days Inventory increased from Dec. 2017 (37.86) to Dec. 2018 (38.11). It might indicate that Nexeo Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nexeo Solutions's Inventory Turnover for the three months ended in Dec. 2018 was 2.39.

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. Nexeo Solutions's Inventory-to-Revenue for the three months ended in Dec. 2018 was 0.37.

Nexeo Solutions Days Inventory Historical Data

The historical data trend for Nexeo Solutions'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.

Nexeo Solutions Days Inventory Chart

Nexeo Solutions Annual Data

Trend

Dec14

Dec15

Sep16

Sep17

Sep18

Days Inventory

120.41

35.58

33.41

Nexeo Solutions Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Inventory	Get a 7-Day Free Trial															37.86	36.56	36.22	35.47	38.11

Competitive Comparison of Nexeo Solutions's Days Inventory

For the Chemicals subindustry, Nexeo Solutions'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.

Nexeo Solutions's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nexeo Solutions's Days Inventory distribution charts can be found below:

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

Nexeo Solutions Days Inventory Calculation

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

Nexeo Solutions's Days Inventory for the fiscal year that ended in Sep. 2018 is calculated as

	Days Inventory (A: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2017 )	+	Total Inventories (A: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2018 )	*	Days in Period
=	( (315.5	+	338.8)	/	2 )	/	3574.1	*	365
=	327.15					/	3574.1	*	365
=	33.41

Nexeo Solutions's Days Inventory for the quarter that ended in Dec. 2018 is calculated as:

	Days Inventory (Q: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (338.8	+	360.5)	/	2 )	/	837.1	*	365 / 4
=	349.65					/	837.1	*	365 / 4
=	38.11

Nexeo Solutions (NAS:NXEO) 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.

Nexeo Solutions's Inventory Turnover for the three months ended in Dec. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	837.1	/	349.65
	=	2.39

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.

Nexeo Solutions's Inventory to Revenue for the three months ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	349.65	/	935.8
	=	0.37

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.

Nexeo Solutions Days Inventory Related Terms

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

Nexeo Solutions (Nexeo Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nexeo Solutions Inc (NAS:NXEO) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.nexeosolutions.com

Nexeo Solutions Inc distributes chemicals and plastic products across North America and Asia. The company operates its business through three segments that are; Chemicals, Plastics, and Environmental Services. The firm through its operating segments distributes specialty and industrial chemicals, additives and solvents to industrial users, commodity polymer products and prime engineering resins to companies engaged in plastics processing. Nexeo also provides its customers with on-site and off-site hazardous and non-hazardous waste collection, recovery and arrangement for disposal services or recycling. It generates the majority of the revenues from the sale of chemicals and plastic materials.

Executives

James G Coulter	10 percent owner, other: Former 10% Owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Thomas E Zacharias	director	C/O W P CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
Brian Herington	officer: Executive VP, Chemicals	3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380
Steven T Romick	10 percent owner	11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
J Richard Atwood	10 percent owner
Brian A. Selmo	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Gabriela Garcia	officer: Controller	1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
David A. Bradley	director, officer: President & CEO	15710 JOHN F. KENNDEY BLVD, SUITE 300, HOUSTON TX 77032
Dan F Smith	director	1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010
Kenneth Michael Burke	director	11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Ross Crane	officer: EVP & CFO	3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380
Tpg Advisors Vi, Inc.	other: Former 10% Owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Group Holdings (sbs) Advisors, Inc.	other: Former 10% Owner	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
David Bonderman	other: Former 10% Owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102