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Mermeren Kombinat AD (ATH:MERKO) Days Inventory : 238.76 (As of Mar. 2024)


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What is Mermeren Kombinat AD Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mermeren Kombinat AD's Average Total Inventories for the three months ended in Mar. 2024 was €5.20 Mil. Mermeren Kombinat AD's Cost of Goods Sold for the three months ended in Mar. 2024 was €1.99 Mil. Hence, Mermeren Kombinat AD's Days Inventory for the three months ended in Mar. 2024 was 238.76.

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

ATH:MERKO' s Days Inventory Range Over the Past 10 Years
Min: 161.73   Med: 208.26   Max: 300.6
Current: 199.03

During the past 13 years, Mermeren Kombinat AD's highest Days Inventory was 300.60. The lowest was 161.73. And the median was 208.26.

ATH:MERKO's Days Inventory is ranked worse than
83.23% of 662 companies
in the Metals & Mining industry
Industry Median: 88.535 vs ATH:MERKO: 199.03

Mermeren Kombinat AD's Days Inventory increased from Mar. 2023 (199.27) to Mar. 2024 (238.76). It might indicate that Mermeren Kombinat AD's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mermeren Kombinat AD's Inventory Turnover for the three months ended in Mar. 2024 was 0.38.

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. Mermeren Kombinat AD's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.81.


Mermeren Kombinat AD Days Inventory Historical Data

The historical data trend for Mermeren Kombinat AD'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.

Mermeren Kombinat AD Days Inventory Chart

Mermeren Kombinat AD Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 199.47 223.20 217.06 183.60 185.88

Mermeren Kombinat AD Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 199.27 207.54 197.66 169.49 238.76

Competitive Comparison of Mermeren Kombinat AD's Days Inventory

For the Other Industrial Metals & Mining subindustry, Mermeren Kombinat AD'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.


Mermeren Kombinat AD's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mermeren Kombinat AD's Days Inventory falls into.



Mermeren Kombinat AD Days Inventory Calculation

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

Mermeren Kombinat AD'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
=( (5.311 + 5.199) / 2 ) / 10.319*365
=5.255 / 10.319*365
=185.88

Mermeren Kombinat AD's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (5.199 + 0) / 1 ) / 1.987*365 / 4
=5.199 / 1.987*365 / 4
=238.76

* 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.


Mermeren Kombinat AD  (ATH:MERKO) 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.

Mermeren Kombinat AD's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Mermeren Kombinat AD's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


Mermeren Kombinat AD Days Inventory Related Terms

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


Mermeren Kombinat AD (ATH:MERKO) Business Description

Traded in Other Exchanges
N/A
Address
Lece Koteski No.60A, Prilep, MKD, 7500
Mermeren Kombinat AD is a company engaged in the mining, processing, and distribution of marble and decorative stones. Its products are used in high-end projects, including mosques, hotels, palaces, commercial and residential buildings, villas and artworks. The business activity of the group functions through Quarry and Factory segments. It generates a vast majority of revenue from the Quarry segment. Geographically, the business presences of the firm are seen in North Macedonia, China, Hong Kong, Greece, Italy, Balkan, and other regions.

Mermeren Kombinat AD (ATH:MERKO) Headlines

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