SMB Cote d'Ivoire (XBRV:SMBC) Days Inventory : 36.96 (As of Dec. 2022)

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What is SMB Cote d'Ivoire Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SMB Cote d'Ivoire's Average Total Inventories for the six months ended in Dec. 2022 was XOF24,669 Mil. SMB Cote d'Ivoire's Cost of Goods Sold for the six months ended in Dec. 2022 was XOF243,620 Mil. Hence, SMB Cote d'Ivoire's Days Inventory for the six months ended in Dec. 2022 was 18.48.

The historical rank and industry rank for SMB Cote d'Ivoire's Days Inventory or its related term are showing as below:

XBRV:SMBC' s Days Inventory Range Over the Past 10 Years
Min: 36.96 Med: 58.15 Max: 114.45
Current: 36.96

During the past 13 years, SMB Cote d'Ivoire's highest Days Inventory was 114.45. The lowest was 36.96. And the median was 58.15.

XBRV:SMBC's Days Inventory is ranked better than
86.42% of 1495 companies
in the Chemicals industry
Industry Median: 83.19 vs XBRV:SMBC: 36.96

SMB Cote d'Ivoire's Days Inventory declined from Dec. 2020 (100.20) to Dec. 2022 (36.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. SMB Cote d'Ivoire's Inventory Turnover for the six months ended in Dec. 2022 was 9.88.

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. SMB Cote d'Ivoire's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.09.

SMB Cote d'Ivoire Days Inventory Historical Data

The historical data trend for SMB Cote d'Ivoire'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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SMB Cote d'Ivoire Days Inventory Chart

SMB Cote d'Ivoire Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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47.11

65.82

100.20

50.48

36.96

SMB Cote d'Ivoire Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Days Inventory	Get a 7-Day Free Trial									47.11	65.82	100.20	50.48	36.96

Competitive Comparison of SMB Cote d'Ivoire's Days Inventory

For the Specialty Chemicals subindustry, SMB Cote d'Ivoire'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.

SMB Cote d'Ivoire's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SMB Cote d'Ivoire's Days Inventory distribution charts can be found below:

* The bar in red indicates where SMB Cote d'Ivoire's Days Inventory falls into.

SMB Cote d'Ivoire Days Inventory Calculation

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

SMB Cote d'Ivoire's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (14754	+	34584)	/	2 )	/	243620	*	365
=	24669					/	243620	*	365
=	36.96

SMB Cote d'Ivoire'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: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (14754	+	34584)	/	2 )	/	243620	*	365 / 2
=	24669					/	243620	*	365 / 2
=	18.48

SMB Cote d'Ivoire (XBRV:SMBC) 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.

SMB Cote d'Ivoire's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	243620	/	24669
	=	9.88

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.

SMB Cote d'Ivoire's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24669	/	276854
	=	0.09

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.

SMB Cote d'Ivoire Days Inventory Related Terms

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

SMB Cote d'Ivoire (XBRV:SMBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SMB Cote d'Ivoire (XBRV:SMBC) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Boulevard de Petit Bassam, Vridi, Abidjan, CIV, BP 622

Website

http://www.smbci.ci

SMB Cote d'Ivoire, formerly Societe Multinationale de Bitumes SA is engaged in the refinement of crude oil. Its products are obtained by direct distillation of a South American heavy crude. It offers its products for the production of road bitumen. The various grades of bitumen offered by the company include 35/50, 40/50, 50/70, AC-10 and AC-20 among others.