Inventory Days Benchmark — FMCG Beverage
How many days of inventory does a typical FMCG Beverage business hold? This page tracks the listed companies in this segment — inventory days (DIO), the spread between the fastest and slowest quartile, and where Australian and American peers diverge, built from company filings, not survey responses.
Explore the full interactive tool, filter by segment, or enter your own numbers →Across 9 listed FMCG Beverage companies reporting in 2024, the median inventory position was 91.2 days of cost of goods sold sitting in stock. The fastest quarter of the panel held 43.0 days or fewer; the slowest quarter held 182.0 days or more.
By listing venue
Published separately because the two panels aren't measuring the same thing until a venue clears a minimum of four reporting peers — below that, a "median" is an anecdote, not a benchmark.
The named companies
Each row is that company's own latest reported fiscal year — not all companies report on the same calendar, so years vary by row.
| Company | Exchange | Latest FY | Inventory days | Trend | Source |
|---|---|---|---|---|---|
| Australian Vintage AVG | ASX | 2024 (30 Jun 2025) | 334.0 days | ASX filing | |
| Treasury Wine Estates TWE | ASX | 2024 (30 Jun 2025) | 232.9 days | ASX filing | |
| Constellation Brands STZ | US | 2025 (28 Feb 2026) | 118.3 days | 10-K (SEC EDGAR) | |
| Coca-Cola KO | US | 2025 (31 Dec 2025) | 90.8 days | 10-K (SEC EDGAR) | |
| Keurig Dr Pepper KDP | US | 2025 (31 Dec 2025) | 72.8 days | 10-K (SEC EDGAR) | |
| Celsius Holdings CELH | US | 2025 (31 Dec 2025) | 68.6 days | 10-K (SEC EDGAR) | |
| PepsiCo PEP | US | 2025 (27 Dec 2025) | 47.3 days | 10-K (SEC EDGAR) | |
| Molson Coors TAP | US | 2025 (31 Dec 2025) | 38.4 days | 10-K (SEC EDGAR) | |
| Boston Beer SAM | US | 2025 (27 Dec 2025) | 37.8 days | 10-K (SEC EDGAR) |
What this means
This segment blends packaged soft-drink and energy-drink makers with wine and spirits producers, and the two run on completely different clocks. A canned-beverage line turns stock in weeks; a winemaker holds vintages in barrel and bottle for years before release, which is a deliberate quality decision, not a working-capital problem. The two ASX-listed names in this segment (Treasury Wine Estates, Australian Vintage) are both wine producers — too few to publish a separate ASX median, but their own inventory-days figures below run well above the packaged-drinks names for exactly that reason.
How this is calculated
Inventory days (DIO) is calculated as 365 × average inventory ÷ COGS, with the balance averaged against the prior year where one exists so a single year-end stock date can't distort the figure. US figures come from each company's own 10-K, pulled from the SEC's XBRL company-facts API. Australian figures come from each company's statutory accounts as rendered by Yahoo Finance, linking through to the company's ASX page — a weaker chain of custody than the US half, one step removed from the primary filing rather than pulled from it directly. Australian coverage runs three benchmark years (2022–2024) against eight for the US, because only a handful of fiscal years of ASX data are obtainable this way.
If your inventory days sit in the top quartile, that gap is cash.
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