Days Inventory is also known as Days Sales of Inventory (DSI). Cementos Argos S.A.'s Average Total Inventories for the
three
months ended in Sep. 2023 was $321 Mil. Cementos Argos S.A.'s Cost of Goods Sold for the
three
months ended in Sep. 2023 was $569 Mil.
Hence, Cementos Argos S.A.'s Days Inventory for the
three
months ended in Sep. 2023 was 51.50.
The historical rank and industry rank for Cementos Argos S.A.'s Days Inventory or its related term are showing as below:
CMTOY'
s Days Inventory Range Over the Past 10 Years
Min: 33.77 Med: 41.42 Max: 50.59
Current: 50.59
During the past 13 years, Cementos Argos S.A.'s highest Days Inventory was 50.59. The lowest was 33.77. And the median was 41.42.
CMTOY's Days Inventory is ranked better than 73.84% of 367
companies
in the Building Materials industry
Industry Median: 83.24
vs CMTOY: 50.59
Cementos Argos S.A.'s Days Inventory
increased
from Sep. 2022 (50.05) to Sep. 2023 (51.50).
It might indicate that Cementos Argos S.A.'s sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cementos Argos S.A.'s Inventory Turnover for the
three
months ended in Sep. 2023 was 1.77.
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.
Cementos Argos S.A.'s Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.42.
Cementos Argos S.A. Days Inventory Historical Data
The historical data trend for Cementos Argos S.A.'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.
Cementos Argos S.A. Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Days Inventory
43.17
42.17
42.23
44.50
52.09
Cementos Argos S.A. Quarterly Data
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Days Inventory
50.05
52.55
50.13
48.68
51.50
Competitive Comparison
For the Building Materials subindustry, Cementos Argos S.A.'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.
Cementos Argos S.A. Days Inventory Distribution
For the Building Materials industry and Basic Materials sector, Cementos Argos S.A.'s Days Inventory distribution charts can be found below:
* The bar in red indicates where Cementos Argos S.A.'s Days Inventory falls into.
Cementos Argos S.A. Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cementos Argos S.A.'s Days Inventory for the fiscal year that ended in Dec. 2022 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.
Cementos Argos S.A. (OTCPK:CMTOY) 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.
Cementos Argos S.A.'s Inventory Turnover for the
three
months ended in Sep. 2023 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.
Cementos Argos S.A.'s Inventory to Revenue for the
three
months ended in Sep. 2023 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.
Cementos Argos S.A. Days Inventory Related Terms
Thank you for viewing the detailed overview of Cementos Argos S.A.'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cementos Argos S.A. (Cementos Argos S.A.) Business Description
Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.
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