Eramet (Eramet) Days Inventory : 188.06 (As of Dec. 2023)

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What is Eramet Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eramet's Average Total Inventories for the six months ended in Dec. 2023 was $710 Mil. Eramet's Cost of Goods Sold for the six months ended in Dec. 2023 was $689 Mil. Hence, Eramet's Days Inventory for the six months ended in Dec. 2023 was 188.06.

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

ERMAY' s Days Inventory Range Over the Past 10 Years
Min: 110.15 Med: 131.98 Max: 327.42
Current: 184.27

During the past 13 years, Eramet's highest Days Inventory was 327.42. The lowest was 110.15. And the median was 131.98.

ERMAY's Days Inventory is ranked worse than
83.28% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs ERMAY: 184.27

Eramet's Days Inventory increased from Dec. 2022 (132.43) to Dec. 2023 (188.06). It might indicate that Eramet's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eramet's Inventory Turnover for the six months ended in Dec. 2023 was 0.97.

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. Eramet's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.38.

Eramet Days Inventory Historical Data

The historical data trend for Eramet'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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Eramet Days Inventory Chart

Eramet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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238.71

311.87

232.19

138.53

179.95

Eramet 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															219.40	158.90	132.43	179.65	188.06

Competitive Comparison of Eramet's Days Inventory

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

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

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

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

Eramet Days Inventory Calculation

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

Eramet'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
=	( (766.949	+	675.027)	/	2 )	/	1462.377	*	365
=	720.988					/	1462.377	*	365
=	179.95

Eramet'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
=	( (745.395	+	675.027)	/	2 )	/	689.203	*	365 / 2
=	710.211					/	689.203	*	365 / 2
=	188.06

Eramet (OTCPK:ERMAY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	689.203	/	710.211
	=	0.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	710.211	/	1864.776
	=	0.38

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.

Eramet Days Inventory Related Terms

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

Eramet (Eramet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eramet SA (OTCPK:ERMAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ERMAF:USA 0MGV:UK ERA:France ER7:Germany

Address

10 Boulevard de Grenelle, Paris, FRA, 75015

Website

https://www.eramet.com

Eramet SA is a French mining and metallurgical company focused on the extraction, production, and sale of alloying metals, principally Manganese and Nickel. The company is also engaged in the production and transformation of alloys. Manganese constitutes nearly half of Eramet's revenue, followed by steel alloys and nickel. While the sales made locally and across the rest of Europe comprise the largest share of Eramet's revenue, the company also generates a significant portion of revenue from Asia and North America.