Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Days Inventory : 157.91 (As of Jun. 2023)

View and export this data going back to . Start your Free Trial

What is Danieli & C. Officine Meccaniche SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Danieli & C. Officine Meccaniche SpA's Average Total Inventories for the six months ended in Jun. 2023 was $1,590 Mil. Danieli & C. Officine Meccaniche SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,838 Mil. Hence, Danieli & C. Officine Meccaniche SpA's Days Inventory for the six months ended in Jun. 2023 was 157.91.

The historical rank and industry rank for Danieli & C. Officine Meccaniche SpA's Days Inventory or its related term are showing as below:

DNIYY' s Days Inventory Range Over the Past 10 Years
Min: 128.52 Med: 174.56 Max: 232.18
Current: 186.33

During the past 13 years, Danieli & C. Officine Meccaniche SpA's highest Days Inventory was 232.18. The lowest was 128.52. And the median was 174.56.

DNIYY's Days Inventory is ranked worse than
72.5% of 2905 companies
in the Industrial Products industry
Industry Median: 119.85 vs DNIYY: 186.33

Danieli & C. Officine Meccaniche SpA's Days Inventory increased from Jun. 2022 (145.92) to Jun. 2023 (157.91). It might indicate that Danieli & C. Officine Meccaniche SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danieli & C. Officine Meccaniche SpA's Inventory Turnover for the six months ended in Jun. 2023 was 1.16.

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. Danieli & C. Officine Meccaniche SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.65.

Danieli & C. Officine Meccaniche SpA Days Inventory Historical Data

The historical data trend for Danieli & C. Officine Meccaniche SpA'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.

Danieli & C. Officine Meccaniche SpA Days Inventory Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Get a 7-Day Free Trial

192.46

232.56

214.39

185.35

161.87

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															232.44	145.92	188.42	157.91	237.87

Competitive Comparison of Danieli & C. Officine Meccaniche SpA's Days Inventory

For the Specialty Industrial Machinery subindustry, Danieli & C. Officine Meccaniche SpA'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.

Danieli & C. Officine Meccaniche SpA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Danieli & C. Officine Meccaniche SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Danieli & C. Officine Meccaniche SpA's Days Inventory falls into.

Danieli & C. Officine Meccaniche SpA Days Inventory Calculation

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

Danieli & C. Officine Meccaniche SpA's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1387.515	+	1563.063)	/	2 )	/	3326.531	*	365
=	1475.289					/	3326.531	*	365
=	161.87

Danieli & C. Officine Meccaniche SpA's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1617.668	+	1563.063)	/	2 )	/	1838.063	*	365 / 2
=	1590.3655					/	1838.063	*	365 / 2
=	157.91

Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) 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.

Danieli & C. Officine Meccaniche SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1838.063	/	1590.3655
	=	1.16

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.

Danieli & C. Officine Meccaniche SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1590.3655	/	2458.562
	=	0.65

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.

Danieli & C. Officine Meccaniche SpA Days Inventory Related Terms

Thank you for viewing the detailed overview of Danieli & C. Officine Meccaniche SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DANR:Italy DAN:Italy DANm:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines

From GuruFocus

Francisco Garcia Parames Comments on Danieli

By Sydnee Gatewood Sydnee Gatewood • 11-06-2020