Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Days Inventory : 9.13 (As of Dec. 2023)

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What is Compania deneamento de Minas Gerais - COPASA MG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Compania deneamento de Minas Gerais - COPASA MG's Average Total Inventories for the three months ended in Dec. 2023 was $23 Mil. Compania deneamento de Minas Gerais - COPASA MG's Cost of Goods Sold for the three months ended in Dec. 2023 was $233 Mil. Hence, Compania deneamento de Minas Gerais - COPASA MG's Days Inventory for the three months ended in Dec. 2023 was 9.13.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Days Inventory or its related term are showing as below:

CSMQY' s Days Inventory Range Over the Past 10 Years
Min: 5.43 Med: 6.55 Max: 10.06
Current: 10.06

During the past 13 years, Compania deneamento de Minas Gerais - COPASA MG's highest Days Inventory was 10.06. The lowest was 5.43. And the median was 6.55.

CSMQY's Days Inventory is ranked better than
71.83% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs CSMQY: 10.06

Compania deneamento de Minas Gerais - COPASA MG's Days Inventory declined from Dec. 2022 (10.71) to Dec. 2023 (9.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Compania deneamento de Minas Gerais - COPASA MG's Inventory Turnover for the three months ended in Dec. 2023 was 10.00.

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. Compania deneamento de Minas Gerais - COPASA MG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.

Compania deneamento de Minas Gerais - COPASA MG Days Inventory Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Days Inventory Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.70

8.63

7.73

9.33

9.27

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															10.71	11.71	9.77	10.05	9.13

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Days Inventory

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Days Inventory falls into.

Compania deneamento de Minas Gerais - COPASA MG Days Inventory Calculation

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

Compania deneamento de Minas Gerais - COPASA MG'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
=	( (22.19	+	22.822)	/	2 )	/	886.246	*	365
=	22.506					/	886.246	*	365
=	9.27

Compania deneamento de Minas Gerais - COPASA MG'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
=	( (23.828	+	22.822)	/	2 )	/	233.196	*	365 / 4
=	23.325					/	233.196	*	365 / 4
=	9.13

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) 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.

Compania deneamento de Minas Gerais - COPASA MG's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	233.196	/	23.325
	=	10.00

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.

Compania deneamento de Minas Gerais - COPASA MG's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.325	/	407.235
	=	0.06

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.

Compania deneamento de Minas Gerais - COPASA MG Days Inventory Related Terms

Thank you for viewing the detailed overview of Compania deneamento de Minas Gerais - COPASA MG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Headlines

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