PT Vale Indonesia Tbk (PT Vale Indonesia Tbk) Days Inventory : 63.95 (As of Dec. 2023)

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What is PT Vale Indonesia Tbk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PT Vale Indonesia Tbk's Average Total Inventories for the three months ended in Dec. 2023 was $164 Mil. PT Vale Indonesia Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was $234 Mil. Hence, PT Vale Indonesia Tbk's Days Inventory for the three months ended in Dec. 2023 was 63.95.

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

PTNDY' s Days Inventory Range Over the Past 10 Years
Min: 62.43 Med: 71.95 Max: 82.74
Current: 68.08

During the past 13 years, PT Vale Indonesia Tbk's highest Days Inventory was 82.74. The lowest was 62.43. And the median was 71.95.

PTNDY's Days Inventory is ranked better than
62.8% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs PTNDY: 68.08

PT Vale Indonesia Tbk's Days Inventory increased from Dec. 2022 (60.92) to Dec. 2023 (63.95). It might indicate that PT Vale Indonesia Tbk's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PT Vale Indonesia Tbk's Inventory Turnover for the three months ended in Dec. 2023 was 1.43.

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. PT Vale Indonesia Tbk's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.56.

PT Vale Indonesia Tbk Days Inventory Historical Data

The historical data trend for PT Vale Indonesia Tbk'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.

PT Vale Indonesia Tbk Days Inventory Chart

PT Vale Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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76.85

83.35

79.42

66.98

64.26

PT Vale Indonesia Tbk 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															60.92	64.74	73.08	73.22	63.95

Competitive Comparison of PT Vale Indonesia Tbk's Days Inventory

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

PT Vale Indonesia Tbk's Days Inventory Distribution in the Metals & Mining Industry

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

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

PT Vale Indonesia Tbk Days Inventory Calculation

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

PT Vale Indonesia Tbk'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
=	( (155.753	+	155.946)	/	2 )	/	885.24	*	365
=	155.8495					/	885.24	*	365
=	64.26

PT Vale Indonesia Tbk'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
=	( (172.381	+	155.946)	/	2 )	/	234.249	*	365 / 4
=	164.1635					/	234.249	*	365 / 4
=	63.95

PT Vale Indonesia Tbk (OTCPK:PTNDY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	234.249	/	164.1635
	=	1.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	164.1635	/	294.367
	=	0.56

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.

PT Vale Indonesia Tbk Days Inventory Related Terms

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

PT Vale Indonesia Tbk (PT Vale Indonesia Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Vale Indonesia Tbk (OTCPK:PTNDY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PTNDF:USA INCO:Indonesia XT3B:Germany

Address

Jalan Jenderal Sudirman Kav. 71, Sequis Tower, Lantai 20, Unit 6 and 7, Jakarta, IDN, 12190

Website

https://www.vale.com

PT Vale Indonesia Tbk is primarily engaged in nickel mining and processing in Indonesia. The company produces nickel in matte from lateritic ores at its integrated mining and processing facilities near Sorowako, Indonesia. The finished nickel product represents what is known in the industry as "primary nickel," meaning nickel produced principally from nickel ores, as opposed to "secondary" nickel, which is recovered from recycled metal which contains nickel. The majority of global nickel is used for stainless steel production.