Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Days Inventory

: 0.00 (As of Sep. 2023)

View and export this data going back to 2009. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Cia Energetica DE Minas Gerais - Cemig's Average Total Inventories for the three months ended in Sep. 2023 was $0 Mil. Cia Energetica DE Minas Gerais - Cemig's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,370 Mil. Hence, Cia Energetica DE Minas Gerais - Cemig's Days Inventory for the three months ended in Sep. 2023 was 0.00.

The historical rank and industry rank for Cia Energetica DE Minas Gerais - Cemig's Days Inventory or its related term are showing as below:

CIG.C' s Days Inventory Range Over the Past 10 Years
Min: 0.43 Med: 1 Max: 1.46
Current: 0.43

During the past 13 years, Cia Energetica DE Minas Gerais - Cemig's highest Days Inventory was 1.46. The lowest was 0.43. And the median was 1.00.

CIG.C's Days Inventory is ranked better than
96.77% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs CIG.C: 0.43

Cia Energetica DE Minas Gerais - Cemig's Days Inventory declined from Sep. 2022 (0.43) to Sep. 2023 (0.00).

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

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. Cia Energetica DE Minas Gerais - Cemig's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

Cia Energetica DE Minas Gerais - Cemig Days Inventory Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

0.92

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory																0.43	-	-	-	-

Competitive Comparison

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig Days Inventory Distribution

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Days Inventory falls into.

Cia Energetica DE Minas Gerais - Cemig Days Inventory Calculation

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

Cia Energetica DE Minas Gerais - Cemig's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	5271.476	*	365
=	0					/	5271.476	*	365
=	0.00

Cia Energetica DE Minas Gerais - Cemig's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1369.553	*	365 / 4
=	0					/	1369.553	*	365 / 4
=	0.00

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG.C) 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.

Cia Energetica DE Minas Gerais - Cemig's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1369.553	/	0
	=

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.

Cia Energetica DE Minas Gerais - Cemig's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1908.727
	=	0.00

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.

Cia Energetica DE Minas Gerais - Cemig Days Inventory Related Terms

Thank you for viewing the detailed overview of Cia Energetica DE Minas Gerais - Cemig's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG.C) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CIG:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.