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Energy Company of Minas Gerais Days Inventory

: 0.63 (As of Dec. 2019)
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Energy Company of Minas Gerais's Total Inventories for the three months ended in Dec. 2019 was $9 Mil. Energy Company of Minas Gerais's Cost of Goods Sold for the three months ended in Dec. 2019 was $1,326 Mil. Hence, Energy Company of Minas Gerais's Days Inventory for the three months ended in Dec. 2019 was 0.63.

NYSE:CIG' s Days Inventory Range Over the Past 10 Years
Min: 0.64   Med: 1.1   Max: 2.17
Current: 0.64

0.64
2.17

During the past 13 years, Energy Company of Minas Gerais's highest Days Inventory was 2.17. The lowest was 0.64. And the median was 1.10.

NYSE:CIG's Days Inventory is ranked higher than
93% of the 463 Companies
in the Utilities - Regulated industry.

( Industry Median: 22.61 vs. NYSE:CIG: 0.64 )

Energy Company of Minas Gerais's Days Inventory increased from Sep. 2018 (0.60) to Dec. 2019 (0.63). It might indicate that Energy Company of Minas Gerais's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Company of Minas Gerais's Inventory Turnover for the three months ended in Dec. 2019 was 145.60.

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. Energy Company of Minas Gerais's Inventory-to-Revenue for the three months ended in Dec. 2019 was 0.01.


Energy Company of Minas Gerais Days Inventory Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Energy Company of Minas Gerais Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.11 1.02 0.90 0.83 0.72

Energy Company of Minas Gerais Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Dec19 Mar20
Days Inventory 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 Premium Member Only Premium Member Only Premium Member Only 0.69 0.66 0.68 0.63 0.85

Competitive Comparison
* 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.


Energy Company of Minas Gerais Days Inventory Distribution

* The bar in red indicates where Energy Company of Minas Gerais's Days Inventory falls into.



Energy Company of Minas Gerais Days Inventory Calculation

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

Energy Company of Minas Gerais's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (9.2702271205645 + 9.5017663540017) / 2 ) / 4774.7594104032*365
=9.3859967372831 / 4774.7594104032*365
=0.72

Energy Company of Minas Gerais's Days Inventory for the quarter that ended in Dec. 2019 is calculated as:

Days Inventory (Q: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2019 ) + Total Inventories (Q: Dec. 2019 )) / count ) / Cost of Goods Sold (Q: Dec. 2019 )*Days in Period
=( (8.7122960811266 + 9.5017663540017) / 2 ) / 1325.9386039713*365 / 4
=9.1070312175642 / 1325.9386039713*365 / 4
=0.63

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Energy Company of Minas Gerais  (NYSE:CIG) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

Energy Company of Minas Gerais's Days Sales of Inventory for the three months ended in Dec. 2019 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=9.1070312175642/1556.7179924473*365 / 4
=0.53

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

Energy Company of Minas Gerais's Inventory Turnover for the three months ended in Dec. 2019 is calculated as

Inventory Turnover=Cost of Goods Sold / Total Inventories
=1325.9386039713 / 9.1070312175642
=145.60

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.

Energy Company of Minas Gerais's Inventory to Revenue for the three months ended in Dec. 2019 is calculated as

Inventory-to-Revenue=Total Inventories / Revenue
=9.1070312175642 / 1556.7179924473
=0.01

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Energy Company of Minas Gerais Days Inventory Related Terms


Energy Company of Minas Gerais Days Inventory Headlines

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