Grupo Greening 2022 (XMAD:GGR) Days Inventory : 23.04 (As of Dec. 2023)

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What is Grupo Greening 2022 Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grupo Greening 2022's Average Total Inventories for the six months ended in Dec. 2023 was €3.9 Mil. Grupo Greening 2022's Cost of Goods Sold for the six months ended in Dec. 2023 was €30.7 Mil. Hence, Grupo Greening 2022's Days Inventory for the six months ended in Dec. 2023 was 23.04.

The historical rank and industry rank for Grupo Greening 2022's Days Inventory or its related term are showing as below:

XMAD:GGR' s Days Inventory Range Over the Past 10 Years
Min: 20.37 Med: 20.9 Max: 21.24
Current: 21.24

During the past 4 years, Grupo Greening 2022's highest Days Inventory was 21.24. The lowest was 20.37. And the median was 20.90.

XMAD:GGR's Days Inventory is ranked better than
55.95% of 681 companies
in the Business Services industry
Industry Median: 29.67 vs XMAD:GGR: 21.24

Grupo Greening 2022's Days Inventory declined from Dec. 2022 (27.85) to Dec. 2023 (23.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Grupo Greening 2022's Inventory Turnover for the six months ended in Dec. 2023 was 7.92.

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. Grupo Greening 2022's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Grupo Greening 2022 Days Inventory Historical Data

The historical data trend for Grupo Greening 2022'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.

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Grupo Greening 2022 Days Inventory Chart

Grupo Greening 2022 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

20.90

20.37

21.11

Grupo Greening 2022 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	10.09	27.85	19.32	23.04

Competitive Comparison of Grupo Greening 2022's Days Inventory

For the Specialty Business Services subindustry, Grupo Greening 2022'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.

Grupo Greening 2022's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Grupo Greening 2022's Days Inventory distribution charts can be found below:

* The bar in red indicates where Grupo Greening 2022's Days Inventory falls into.

Grupo Greening 2022 Days Inventory Calculation

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

Grupo Greening 2022'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
=	( (2.271	+	4.363)	/	2 )	/	57.349	*	365
=	3.317					/	57.349	*	365
=	21.11

Grupo Greening 2022'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.38	+	4.363)	/	2 )	/	30.661	*	365 / 2
=	3.8715					/	30.661	*	365 / 2
=	23.04

Grupo Greening 2022 (XMAD:GGR) 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.

Grupo Greening 2022's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30.661	/	3.8715
	=	7.92

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.

Grupo Greening 2022's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.8715	/	54.634
	=	0.07

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.

Grupo Greening 2022 Days Inventory Related Terms

Thank you for viewing the detailed overview of Grupo Greening 2022's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Grupo Greening 2022 (XMAD:GGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Grupo Greening 2022 SA (XMAD:GGR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

70I:Germany

Address

C/ Alcayata, 4. Polígono Industrial El Florío, Granada, ESP, 18015

Website

https://www.greening-group.com

Grupo Greening 2022 SA is a diversified business group, whose objectives are innovation and international development in all its business areas: renewable energies, hydraulic projects, engineering, concessions, services and industry.