Glencore (Glencore) Days Inventory : 54.48 (As of Dec. 2023)

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What is Glencore Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Glencore's Average Total Inventories for the six months ended in Dec. 2023 was $31,688 Mil. Glencore's Cost of Goods Sold for the six months ended in Dec. 2023 was $106,140 Mil. Hence, Glencore's Days Inventory for the six months ended in Dec. 2023 was 54.48.

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

GLCNF' s Days Inventory Range Over the Past 10 Years
Min: 35.75 Med: 44.25 Max: 58.48
Current: 57.65

During the past 13 years, Glencore's highest Days Inventory was 58.48. The lowest was 35.75. And the median was 44.25.

GLCNF's Days Inventory is ranked better than
69.91% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs GLCNF: 57.65

Glencore's Days Inventory increased from Dec. 2022 (52.94) to Dec. 2023 (54.48). It might indicate that Glencore's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Glencore's Inventory Turnover for the six months ended in Dec. 2023 was 3.35.

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. Glencore's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.29.

Glencore Days Inventory Historical Data

The historical data trend for Glencore'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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Glencore Days Inventory Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.12

56.32

48.91

49.44

57.32

Glencore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															47.44	45.08	52.94	59.02	54.48

Competitive Comparison of Glencore's Days Inventory

For the Other Industrial Metals & Mining subindustry, Glencore'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.

Glencore's Days Inventory Distribution in the Metals & Mining Industry

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

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

Glencore Days Inventory Calculation

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

Glencore'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
=	( (33460	+	31569)	/	2 )	/	207046	*	365
=	32514.5					/	207046	*	365
=	57.32

Glencore'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
=	( (31806	+	31569)	/	2 )	/	106140	*	365 / 2
=	31687.5					/	106140	*	365 / 2
=	54.48

Glencore (OTCPK:GLCNF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	106140	/	31687.5
	=	3.35

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31687.5	/	110414
	=	0.29

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.

Glencore Days Inventory Related Terms

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

Glencore (Glencore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (OTCPK:GLCNF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLENl:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, P.O. Box 1363, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's Marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.