adidas AG (adidas AG) Days Inventory

: 158.71 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). adidas AG's Average Total Inventories for the three months ended in Dec. 2023 was $5,055 Mil. adidas AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,906 Mil. Hence, adidas AG's Days Inventory for the three months ended in Dec. 2023 was 158.71.

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

ADDYY' s Days Inventory Range Over the Past 10 Years
Min: 117.64 Med: 131.57 Max: 172.43
Current: 172.43

During the past 13 years, adidas AG's highest Days Inventory was 172.43. The lowest was 117.64. And the median was 131.57.

ADDYY's Days Inventory is ranked worse than
64.03% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs ADDYY: 172.43

adidas AG's Days Inventory declined from Dec. 2022 (170.92) to Dec. 2023 (158.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. adidas AG's Inventory Turnover for the three months ended in Dec. 2023 was 0.57.

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. adidas AG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.96.

adidas AG Days Inventory Historical Data

The historical data trend for adidas AG'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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adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

122.43

161.01

152.41

157.62

167.62

adidas AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																170.92	181.57	193.77	156.98	158.71

Competitive Comparison

For the Footwear & Accessories subindustry, adidas AG'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.

adidas AG Days Inventory Distribution

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

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

adidas AG Days Inventory Calculation

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

adidas AG'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
=	( (6327.331	+	4934.569)	/	2 )	/	12261.723	*	365
=	5630.95					/	12261.723	*	365
=	167.62

adidas AG's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5175.027	+	4934.569)	/	2 )	/	2906.216	*	365 / 4
=	5054.798					/	2906.216	*	365 / 4
=	158.71

adidas AG (OTCPK:ADDYY) 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.

adidas AG's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2906.216	/	5054.798
	=	0.57

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.

adidas AG's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5054.798	/	5246.456
	=	0.96

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.

adidas AG Days Inventory Related Terms

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

adidas AG (adidas AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (OTCPK:ADDYY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ADDDF:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Germany ADS1:Germany ADS:Germany ADS:Germany ADS1:Germany ADS:Germany ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.