Vimi Fasteners SpA (MIL:VIM) Days Inventory : 136.62 (As of Jun. 2023)

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What is Vimi Fasteners SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vimi Fasteners SpA's Average Total Inventories for the six months ended in Jun. 2023 was €14.21 Mil. Vimi Fasteners SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €18.99 Mil. Hence, Vimi Fasteners SpA's Days Inventory for the six months ended in Jun. 2023 was 136.62.

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

MIL:VIM' s Days Inventory Range Over the Past 10 Years
Min: 88.77 Med: 128.88 Max: 148.6
Current: 143.3

During the past 8 years, Vimi Fasteners SpA's highest Days Inventory was 148.60. The lowest was 88.77. And the median was 128.88.

MIL:VIM's Days Inventory is ranked worse than
60.02% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs MIL:VIM: 143.30

Vimi Fasteners SpA's Days Inventory increased from Jun. 2022 (134.98) to Jun. 2023 (136.62). It might indicate that Vimi Fasteners SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vimi Fasteners SpA's Inventory Turnover for the six months ended in Jun. 2023 was 1.34.

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. Vimi Fasteners SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.47.

Vimi Fasteners SpA Days Inventory Historical Data

The historical data trend for Vimi Fasteners 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.

Vimi Fasteners SpA Days Inventory Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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108.27

128.88

148.60

137.56

135.56

Vimi Fasteners SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial									157.56	142.09	134.98	146.40	136.62

Competitive Comparison of Vimi Fasteners SpA's Days Inventory

For the Tools & Accessories subindustry, Vimi Fasteners 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.

Vimi Fasteners SpA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vimi Fasteners SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vimi Fasteners SpA's Days Inventory falls into.

Vimi Fasteners SpA Days Inventory Calculation

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

Vimi Fasteners SpA'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
=	( (11.197	+	12.964)	/	2 )	/	32.528	*	365
=	12.0805					/	32.528	*	365
=	135.56

Vimi Fasteners 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
=	( (12.964	+	15.464)	/	2 )	/	18.988	*	365 / 2
=	14.214					/	18.988	*	365 / 2
=	136.62

Vimi Fasteners SpA (MIL:VIM) 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.

Vimi Fasteners SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.988	/	14.214
	=	1.34

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.

Vimi Fasteners SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.214	/	30.209
	=	0.47

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.

Vimi Fasteners SpA Days Inventory Related Terms

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

Vimi Fasteners SpA (MIL:VIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vimi Fasteners SpA (MIL:VIM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017

Website

http://www.vimifasteners.com

Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

Vimi Fasteners SpA (MIL:VIM) Headlines

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