Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Change In Inventory : $-202 Mil (TTM As of Jun. 2023)

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What is Danieli & C. Officine Meccaniche SpA Change In Inventory?

Danieli & C. Officine Meccaniche SpA's change in inventory for the quarter that ended in Jun. 2023 was $98 Mil. It means Danieli & C. Officine Meccaniche SpA's inventory declined by $98 Mil from Dec. 2022 to Jun. 2023 .

Danieli & C. Officine Meccaniche SpA's change in inventory for the fiscal year that ended in Jun. 2023 was $-209 Mil. It means Danieli & C. Officine Meccaniche SpA's inventory increased by $209 Mil from Jun. 2022 to Jun. 2023 .

Danieli & C. Officine Meccaniche SpA's Total Inventories for the quarter that ended in Jun. 2023 was $1,563 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Danieli & C. Officine Meccaniche SpA's Days Inventory for the quarter that ended in Jun. 2023 was 157.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danieli & C. Officine Meccaniche SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.16.

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. Danieli & C. Officine Meccaniche SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.65.

Danieli & C. Officine Meccaniche SpA Change In Inventory Historical Data

The historical data trend for Danieli & C. Officine Meccaniche SpA's Change In 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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Danieli & C. Officine Meccaniche SpA Change In Inventory Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-132.63

-62.43

-357.55

28.17

-208.82

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															19.73	9.71	-300.11	98.11	-

Danieli & C. Officine Meccaniche SpA Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-202 Mil.

Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) Change In Inventory Explanation

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

Danieli & C. Officine Meccaniche SpA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1590.3655	/	1838.063	*	365 / 2
	=	157.91

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Danieli & C. Officine Meccaniche SpA's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1838.063	/	1590.3655
	=	1.16

3. 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.

Danieli & C. Officine Meccaniche SpA's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1590.3655	/	2458.562
	=	0.65

Danieli & C. Officine Meccaniche SpA Change In Inventory Related Terms

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Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) » Definitions » Change In Inventory

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Traded in Other Exchanges

DANR:Italy DAN:Italy DANm:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines

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