EZZ Steel CoE (CAI:ESRS) Days Inventory : 54.24 (As of Dec. 2023)

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What is EZZ Steel CoE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EZZ Steel CoE's Average Total Inventories for the three months ended in Dec. 2023 was E£16,921 Mil. EZZ Steel CoE's Cost of Goods Sold for the three months ended in Dec. 2023 was E£28,465 Mil. Hence, EZZ Steel CoE's Days Inventory for the three months ended in Dec. 2023 was 54.24.

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

CAI:ESRS' s Days Inventory Range Over the Past 10 Years
Min: 50.33 Med: 71.16 Max: 98.87
Current: 50.89

During the past 13 years, EZZ Steel CoE's highest Days Inventory was 98.87. The lowest was 50.33. And the median was 71.16.

CAI:ESRS's Days Inventory is ranked better than
75.74% of 573 companies
in the Steel industry
Industry Median: 88.62 vs CAI:ESRS: 50.89

EZZ Steel CoE's Days Inventory increased from Dec. 2022 (45.11) to Dec. 2023 (54.24). It might indicate that EZZ Steel CoE's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. EZZ Steel CoE's Inventory Turnover for the three months ended in Dec. 2023 was 1.68.

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. EZZ Steel CoE's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.43.

EZZ Steel CoE Days Inventory Historical Data

The historical data trend for EZZ Steel CoE'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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EZZ Steel CoE Days Inventory Chart

EZZ Steel CoE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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81.16

70.92

54.69

51.56

50.33

EZZ Steel CoE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															45.11	49.98	52.61	47.34	54.24

Competitive Comparison of EZZ Steel CoE's Days Inventory

For the Steel subindustry, EZZ Steel CoE'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.

EZZ Steel CoE's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, EZZ Steel CoE's Days Inventory distribution charts can be found below:

* The bar in red indicates where EZZ Steel CoE's Days Inventory falls into.

EZZ Steel CoE Days Inventory Calculation

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

EZZ Steel CoE'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
=	( (8902.288	+	19669.508)	/	2 )	/	103608.177	*	365
=	14285.898					/	103608.177	*	365
=	50.33

EZZ Steel CoE'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14172.994	+	19669.508)	/	2 )	/	28465.133	*	365 / 4
=	16921.251					/	28465.133	*	365 / 4
=	54.24

EZZ Steel CoE (CAI:ESRS) 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.

EZZ Steel CoE's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28465.133	/	16921.251
	=	1.68

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.

EZZ Steel CoE's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16921.251	/	39672.235
	=	0.43

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.

EZZ Steel CoE Days Inventory Related Terms

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

EZZ Steel CoE (CAI:ESRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EZZ Steel Co SAE (CAI:ESRS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1089 Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089

Website

https://www.ezzsteel.com

EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.

EZZ Steel CoE (CAI:ESRS) Headlines

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