Vale (LTS:0LBF) Days Inventory

: 64.87 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Vale's Average Total Inventories for the three months ended in Dec. 2023 was $4,899 Mil. Vale's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,891 Mil. Hence, Vale's Days Inventory for the three months ended in Dec. 2023 was 64.87.

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

LTS:0LBF' s Days Inventory Range Over the Past 10 Years
Min: 63.63 Med: 68.84 Max: 80.11
Current: 75.07

During the past 13 years, Vale's highest Days Inventory was 80.11. The lowest was 63.63. And the median was 68.84.

LTS:0LBF's Days Inventory is ranked better than
58.23% of 656 companies
in the Metals & Mining industry
Industry Median: 87.22 vs LTS:0LBF: 75.07

Vale's Days Inventory increased from Dec. 2022 (62.17) to Dec. 2023 (64.87). It might indicate that Vale's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vale's Inventory Turnover for the three months ended in Dec. 2023 was 1.41.

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. Vale's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.38.

Vale Days Inventory Historical Data

The historical data trend for Vale'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.

Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

82.38

86.61

70.87

67.29

69.44

Vale Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																62.17	87.34	78.23	74.54	64.87

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Vale'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.

Vale Days Inventory Distribution

For the Metals & Mining industry and Basic Materials sector, Vale's Days Inventory distribution charts can be found below:

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

Vale Days Inventory Calculation

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

Vale'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
=	( (4482	+	4684)	/	2 )	/	24089	*	365
=	4583					/	24089	*	365
=	69.44

Vale'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
=	( (5114	+	4684)	/	2 )	/	6891	*	365 / 4
=	4899					/	6891	*	365 / 4
=	64.87

Vale (LTS:0LBF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6891	/	4899
	=	1.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4899	/	13054
	=	0.38

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.

Vale Days Inventory Related Terms

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

Vale (LTS:0LBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (LTS:0LBF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VALE:USA VALE:Mexico XVALO:Spain CVLC:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.

Vale (LTS:0LBF) Headlines

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