Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Change In Inventory : R$2,588 Mil (TTM As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais Change In Inventory?

Usinas Siderurgicas de Minas Gerais's change in inventory for the quarter that ended in Mar. 2024 was R$496 Mil. It means Usinas Siderurgicas de Minas Gerais's inventory declined by R$496 Mil from Dec. 2023 to Mar. 2024 .

Usinas Siderurgicas de Minas Gerais's change in inventory for the fiscal year that ended in Dec. 2023 was R$2,271 Mil. It means Usinas Siderurgicas de Minas Gerais's inventory declined by R$2,271 Mil from Dec. 2022 to Dec. 2023 .

Usinas Siderurgicas de Minas Gerais's Total Inventories for the quarter that ended in Mar. 2024 was R$7,034 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Usinas Siderurgicas de Minas Gerais's Days Inventory for the quarter that ended in Mar. 2024 was 113.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Usinas Siderurgicas de Minas Gerais's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

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. Usinas Siderurgicas de Minas Gerais's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.17.

Usinas Siderurgicas de Minas Gerais Change In Inventory Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais's Change In 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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Usinas Siderurgicas de Minas Gerais Change In Inventory Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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79.51

-86.35

-3,695.61

-2,496.57

2,271.35

Usinas Siderurgicas de Minas Gerais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															178.96	211.37	818.80	1,062.22	495.62

Usinas Siderurgicas de Minas Gerais Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,588 Mil.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Change In Inventory Explanation

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

Usinas Siderurgicas de Minas Gerais's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7263.3285	/	5823.865	*	365 / 4
	=	113.80

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

Usinas Siderurgicas de Minas Gerais's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5823.865	/	7263.3285
	=	0.80

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.

Usinas Siderurgicas de Minas Gerais's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7263.3285	/	6222.819
	=	1.17

Usinas Siderurgicas de Minas Gerais Change In Inventory Related Terms

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Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

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