Afarak Group SE (OHEL:AFAGR) Days Inventory : 37.68 (As of Dec. 2022)

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What is Afarak Group SE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Afarak Group SE's Average Total Inventories for the six months ended in Dec. 2022 was €25.1 Mil. Afarak Group SE's Cost of Goods Sold for the six months ended in Dec. 2022 was €121.7 Mil. Hence, Afarak Group SE's Days Inventory for the six months ended in Dec. 2022 was 37.68.

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

OHEL:AFAGR' s Days Inventory Range Over the Past 10 Years
Min: 56.42 Med: 123.55 Max: 206.3
Current: 80.56

During the past 13 years, Afarak Group SE's highest Days Inventory was 206.30. The lowest was 56.42. And the median was 123.55.

OHEL:AFAGR's Days Inventory is ranked better than
55.24% of 659 companies
in the Metals & Mining industry
Industry Median: 88.57 vs OHEL:AFAGR: 80.56

Afarak Group SE's Days Inventory declined from Dec. 2021 (42.03) to Dec. 2022 (37.68).

Inventory Turnover measures how fast the company turns over its inventory within a year. Afarak Group SE's Inventory Turnover for the six months ended in Dec. 2022 was 4.84.

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. Afarak Group SE's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.24.

Afarak Group SE Days Inventory Historical Data

The historical data trend for Afarak Group SE'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.

Afarak Group SE Days Inventory Chart

Afarak Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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206.30

171.77

85.15

56.42

88.07

Afarak Group SE Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Days Inventory	Get a 7-Day Free Trial															2,124.01	42.03	7,228.74	37.68	-

Competitive Comparison of Afarak Group SE's Days Inventory

For the Other Industrial Metals & Mining subindustry, Afarak Group SE'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.

Afarak Group SE's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Afarak Group SE's Days Inventory falls into.

Afarak Group SE Days Inventory Calculation

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

Afarak Group SE'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
=	( (24.472	+	29.447)	/	2 )	/	111.732	*	365
=	26.9595					/	111.732	*	365
=	88.07

Afarak Group SE's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (25.763	+	24.472)	/	2 )	/	121.654	*	365 / 2
=	25.1175					/	121.654	*	365 / 2
=	37.68

Afarak Group SE (OHEL:AFAGR) 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.

Afarak Group SE's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	121.654	/	25.1175
	=	4.84

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.

Afarak Group SE's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	25.1175	/	106.639
	=	0.24

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.

Afarak Group SE Days Inventory Related Terms

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

Afarak Group SE (OHEL:AFAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Afarak Group SE (OHEL:AFAGR) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Kaisaniemenkatu 4, Helsinki, FIN, 00100

Website

https://www.afarak.com

Afarak Group SE is a chrome mining and minerals producer focused on sustainable growth with a specialty alloys business in southern Europe and a ferroalloys business. The company has two operating segments FerroAlloys and Speciality Alloys. The FerroAlloys business consists of the plant Mogale Alloys, Vlakpoort mine, Zeerust mine, the Stellite mine, and the Mecklenburg mine in South Africa. It produces chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys business consists of Turk Maadin Sirketi A.S, the mining and beneficiation operation in Turkey, and Elektrowerk Weisweiler GmbH, the chromite concentrate processing plant in Germany. The company operates in European countries, the United States, China, Africa, Finland, and Other countries.

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