KGHM Polska Miedz (KGHM Polska Miedz) Days Inventory : 80.50 (As of Dec. 2023)

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What is KGHM Polska Miedz Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). KGHM Polska Miedz's Average Total Inventories for the three months ended in Dec. 2023 was $2,133 Mil. KGHM Polska Miedz's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,418 Mil. Hence, KGHM Polska Miedz's Days Inventory for the three months ended in Dec. 2023 was 80.50.

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

KGHPF' s Days Inventory Range Over the Past 10 Years
Min: 67.78 Med: 91.51 Max: 105.22
Current: 96.58

During the past 13 years, KGHM Polska Miedz's highest Days Inventory was 105.22. The lowest was 67.78. And the median was 91.51.

KGHPF's Days Inventory is ranked worse than
54.26% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs KGHPF: 96.58

KGHM Polska Miedz's Days Inventory declined from Dec. 2022 (112.85) to Dec. 2023 (80.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. KGHM Polska Miedz's Inventory Turnover for the three months ended in Dec. 2023 was 1.13.

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. KGHM Polska Miedz's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.10.

KGHM Polska Miedz Days Inventory Historical Data

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz Days Inventory Chart

KGHM Polska Miedz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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94.56

88.46

83.74

100.98

96.09

KGHM Polska Miedz 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															112.85	93.59	107.05	111.59	80.50

Competitive Comparison of KGHM Polska Miedz's Days Inventory

For the Copper subindustry, KGHM Polska Miedz'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.

KGHM Polska Miedz's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where KGHM Polska Miedz's Days Inventory falls into.

KGHM Polska Miedz Days Inventory Calculation

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

KGHM Polska Miedz'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
=	( (2207.029	+	2088.769)	/	2 )	/	8158.472	*	365
=	2147.899					/	8158.472	*	365
=	96.09

KGHM Polska Miedz'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
=	( (2177.526	+	2088.769)	/	2 )	/	2418.013	*	365 / 4
=	2133.1475					/	2418.013	*	365 / 4
=	80.50

KGHM Polska Miedz (OTCPK:KGHPF) 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.

KGHM Polska Miedz's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2418.013	/	2133.1475
	=	1.13

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.

KGHM Polska Miedz's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2133.1475	/	1938.526
	=	1.10

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.

KGHM Polska Miedz Days Inventory Related Terms

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

KGHM Polska Miedz (KGHM Polska Miedz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KGHM Polska Miedz SA (OTCPK:KGHPF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KGH:Poland 0O8D:UK KGHA:Germany KGHA:Germany KGH:Czech Republic

Address

48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301

Website

https://www.kghm.com

KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.