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Swiss Steel Holding AG (FRA:SSN) Days Inventory : 161.39 (As of Dec. 2023)


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What is Swiss Steel Holding AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Swiss Steel Holding AG's Average Total Inventories for the six months ended in Dec. 2023 was €946 Mil. Swiss Steel Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,070 Mil. Hence, Swiss Steel Holding AG's Days Inventory for the six months ended in Dec. 2023 was 161.39.

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

FRA:SSN' s Days Inventory Range Over the Past 10 Years
Min: 132.59   Med: 157.01   Max: 180.14
Current: 152.44

During the past 13 years, Swiss Steel Holding AG's highest Days Inventory was 180.14. The lowest was 132.59. And the median was 157.01.

FRA:SSN's Days Inventory is ranked worse than
81.74% of 575 companies
in the Steel industry
Industry Median: 85.66 vs FRA:SSN: 152.44

Swiss Steel Holding AG's Days Inventory increased from Dec. 2022 (146.04) to Dec. 2023 (161.39). It might indicate that Swiss Steel Holding AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Swiss Steel Holding AG's Inventory Turnover for the six months ended in Dec. 2023 was 1.13.

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. Swiss Steel Holding AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.68.


Swiss Steel Holding AG Days Inventory Historical Data

The historical data trend for Swiss Steel Holding AG'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.

Swiss Steel Holding AG Days Inventory Chart

Swiss Steel Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.65 170.70 144.72 129.17 142.90

Swiss Steel Holding AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 155.84 136.90 146.04 149.59 161.39

Competitive Comparison of Swiss Steel Holding AG's Days Inventory

For the Steel subindustry, Swiss Steel Holding AG'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.


Swiss Steel Holding AG's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Swiss Steel Holding AG's Days Inventory falls into.



Swiss Steel Holding AG Days Inventory Calculation

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

Swiss Steel Holding AG'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
=( (1056 + 805) / 2 ) / 2376.7*365
=930.5 / 2376.7*365
=142.90

Swiss Steel Holding AG'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
=( (1086.8 + 805) / 2 ) / 1069.6*365 / 2
=945.9 / 1069.6*365 / 2
=161.39

* 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.


Swiss Steel Holding AG  (FRA:SSN) 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.

Swiss Steel Holding AG's Inventory Turnover for the six months ended in Dec. 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.

Swiss Steel Holding AG's Inventory to Revenue for the six months ended in Dec. 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.


Swiss Steel Holding AG Days Inventory Related Terms

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


Swiss Steel Holding AG (FRA:SSN) Business Description

Traded in Other Exchanges
Address
Landenbergstrasse 11, Lucerne, CHE, 6005
Swiss Steel Holding AG is a manufacturer, processor, and distributor of long steel products. The company operates through two segments, Production and Sales and services. Its products include quality steel, tool steel, bright steel, and special materials, etc. The company also offers service, which includes technical service, prefabrication, and timely delivery service. It generates maximum revenue from the Production segment. The company derives the majority of its revenues from Germany.

Swiss Steel Holding AG (FRA:SSN) Headlines

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