Days Inventory Outstanding (DIO)
Days Inventory Outstanding (DIO) is a financial metric that measures the average number of days it takes a company to sell its inventory. It is calculated by dividing the total inventory by the average daily cost of goods sold. The resulting figure represents the number of days, on average, that a company takes to sell its entire inventory. DIO is a critical metric for assessing a company's inventory management efficiency as it helps determine whether the company is efficiently managing and turning over its inventory or if there are any potential inventory-related issues.
Additional Details
| Metric Name |
Type |
Default Period Type |
| dio |
fin_metric |
FY |
| Data Format |
Display Format |
Unit |
| float |
number |
days |