Grupo SimecB de CV (Grupo SimecB de CV) Change In Inventory : $45 Mil (TTM As of Dec. 2023)

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What is Grupo SimecB de CV Change In Inventory?

Grupo SimecB de CV's change in inventory for the quarter that ended in Dec. 2023 was $39 Mil. It means Grupo SimecB de CV's inventory declined by $39 Mil from Sep. 2023 to Dec. 2023 .

Grupo SimecB de CV's change in inventory for the fiscal year that ended in Dec. 2023 was $49 Mil. It means Grupo SimecB de CV's inventory declined by $49 Mil from Dec. 2022 to Dec. 2023 .

Grupo SimecB de CV's Total Inventories for the quarter that ended in Dec. 2023 was $659 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo SimecB de CV's Days Inventory for the quarter that ended in Dec. 2023 was 165.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grupo SimecB de CV's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.55.

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. Grupo SimecB de CV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.29.

Grupo SimecB de CV Change In Inventory Historical Data

The historical data trend for Grupo SimecB de CV's Change In 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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Grupo SimecB de CV Change In Inventory Chart

Grupo SimecB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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96.12

-39.08

-132.35

-79.08

48.68

Grupo SimecB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-1.34	54.01	-102.94	55.28	38.57

Grupo SimecB de CV Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $45 Mil.

Grupo SimecB de CV (AMEX:SIM) Change In Inventory Explanation

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

Grupo SimecB de CV's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	672.3455	/	370.131	*	365 / 4
	=	165.76

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Grupo SimecB de CV's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	370.131	/	672.3455
	=	0.55

3. 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.

Grupo SimecB de CV's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	672.3455	/	519.337
	=	1.29

Grupo SimecB de CV Change In Inventory Related Terms

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Grupo SimecB de CV (Grupo SimecB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grupo Simec SAB de CV (AMEX:SIM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

SIMECB:Mexico 4FV:Germany

Address

Calzada Lazaro Cardenas 601, Colonia La Nogalera, Guadalajara, JAL, MEX, 44440

Website

https://www.gsimec.com.mx

Grupo Simec SAB de CV is a diversified manufacturer, processor, and distributor of special bar quality, or SBQ, steel, and structural steel products. The United States, Brazil, and Mexico are the biggest markets for the company. The company's SBQ products are used across a broad range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. The company's structural steel products are mainly used in the non-residential construction market and other construction applications.