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CIA Tecidosntanense (BSP:CTSA3) Days Inventory : 229.94 (As of Jun. 2024)


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What is CIA Tecidosntanense Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CIA Tecidosntanense's Average Total Inventories for the three months ended in Jun. 2024 was R$51.96 Mil. CIA Tecidosntanense's Cost of Goods Sold for the three months ended in Jun. 2024 was R$20.62 Mil. Hence, CIA Tecidosntanense's Days Inventory for the three months ended in Jun. 2024 was 229.94.

The historical rank and industry rank for CIA Tecidosntanense's Days Inventory or its related term are showing as below:

BSP:CTSA3's Days Inventory is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 132.575
* Ranked among companies with meaningful Days Inventory only.

CIA Tecidosntanense's Days Inventory declined from Jun. 2023 (265.71) to Jun. 2024 (229.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. CIA Tecidosntanense's Inventory Turnover for the three months ended in Jun. 2024 was 0.40.

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. CIA Tecidosntanense's Inventory-to-Revenue for the three months ended in Jun. 2024 was 13.18.


CIA Tecidosntanense Days Inventory Historical Data

The historical data trend for CIA Tecidosntanense'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.

CIA Tecidosntanense Days Inventory Chart

CIA Tecidosntanense 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 117.76 99.02 73.04 72.99 138.89

CIA Tecidosntanense Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 265.71 99.89 107.58 222.09 229.94

Competitive Comparison of CIA Tecidosntanense's Days Inventory

For the Textile Manufacturing subindustry, CIA Tecidosntanense'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.


CIA Tecidosntanense's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CIA Tecidosntanense's Days Inventory distribution charts can be found below:

* The bar in red indicates where CIA Tecidosntanense's Days Inventory falls into.


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CIA Tecidosntanense Days Inventory Calculation

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

CIA Tecidosntanense'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
=( (47.491 + 51.74) / 2 ) / 130.387*365
=49.6155 / 130.387*365
=138.89

CIA Tecidosntanense's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (51.311 + 52.609) / 2 ) / 20.62*365 / 4
=51.96 / 20.62*365 / 4
=229.94

* 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.


CIA Tecidosntanense  (BSP:CTSA3) 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.

CIA Tecidosntanense's Inventory Turnover for the three months ended in Jun. 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.

CIA Tecidosntanense's Inventory to Revenue for the three months ended in Jun. 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.


CIA Tecidosntanense Days Inventory Related Terms

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


CIA Tecidosntanense Business Description

Traded in Other Exchanges
Address
Avenida Osmane Barbosa 1235, Montes Claros, MG, BRA, 39404006
CIA Tecidos Santanense operates in the Broadwoven fabric mills, cotton sector. It is involved in the spinning, weaving, & finishing of woven fabrics used in apparel articles. It offers sportswear apparel products and workwear professional uniforms and personal protective equipment.

CIA Tecidosntanense Headlines

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