Days Inventory is also known as Days Sales of Inventory (DSI). Glencore's Average Total Inventories for the
six
months ended in Jun. 2024 was $30,873 Mil. Glencore's Cost of Goods Sold for the
six
months ended in Jun. 2024 was $114,261 Mil.
Hence, Glencore's Days Inventory for the
six
months ended in Jun. 2024 was 49.31.
The historical rank and industry rank for Glencore's Days Inventory or its related term are showing as below:
GLCNF'
s Days Inventory Range Over the Past 10 Years
Min: 35.75 Med: 44.25 Max: 58.48
Current: 51.74
During the past 13 years, Glencore's highest Days Inventory was 58.48. The lowest was 35.75. And the median was 44.25.
GLCNF's Days Inventory is ranked better than 72.46% of 650
companies
in the Metals & Mining industry
Industry Median: 86.4
vs GLCNF: 51.74
Glencore's Days Inventory
declined
from Jun. 2023 (59.02) to Jun. 2024 (49.31).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Glencore's Inventory Turnover for the
six
months ended in Jun. 2024 was 3.70.
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.
Glencore's Inventory-to-Revenue for the
six
months ended in Jun. 2024 was 0.26.
Glencore Days Inventory Historical Data
The historical data trend for Glencore'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.
Competitive Comparison of Glencore's Days Inventory
For the Other Industrial Metals & Mining subindustry, Glencore'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.
Glencore's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Glencore's Days Inventory distribution charts can be found below:
* The bar in red indicates where Glencore's Days Inventory falls into.
Glencore Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Glencore's Days Inventory for the fiscal year that 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.
Glencore (OTCPK:GLCNF) 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.
Glencore's Inventory Turnover for the
six
months ended in Jun. 2024 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.
Glencore's Inventory to Revenue for the
six
months ended in Jun. 2024 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.
Glencore Days Inventory Related Terms
Thank you for viewing the detailed overview of Glencore's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.
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