EZZ Steel CoE (LSE:67NW) Days Inventory: 76.75 (As of Jun. 2024) — Near Median

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What is EZZ Steel CoE Days Inventory?

EZZ Steel CoE LSE:67NW 4 Days Inventory is 76.75 as of Jun. 2024, which is 8% above its 10-year median of 71.16. GuruFocus rates LSE:67NW with a GF Score™ of 4/100. The stock has 7 warning signs investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). EZZ Steel CoE's Average Total Inventories for the three months ended in Jun. 2024 was £561.62 Mil. EZZ Steel CoE's Cost of Goods Sold for the three months ended in Jun. 2024 was £667.71 Mil. Hence, EZZ Steel CoE's Days Inventory for the three months ended in Jun. 2024 was 76.75.

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

LSE:67NW' s Days Inventory Range Over the Past 10 Years
Min: 50.33   Med: 71.16   Max: 98.87
Current: 60.6

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.

LSE:67NW's Days Inventory is not ranked
in the Steel industry.
Industry Median: 86.57 vs LSE:67NW: 60.60

EZZ Steel CoE's Days Inventory increased from Jun. 2023 (53.60) to Jun. 2024 (76.75). 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 Jun. 2024 was 1.19.

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 Jun. 2024 was 0.67.


EZZ Steel CoE  (LSE:67NW) 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 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.

EZZ Steel CoE's Inventory to Revenue for the three 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.


EZZ Steel CoE Days Inventory Related Terms


EZZ Steel CoE Days Inventory Historical Data

* Premium members only.

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.

EZZ Steel CoE Days Inventory Chart

EZZ Steel CoE 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 77.61 70.96 54.47 63.18 55.09

EZZ Steel CoE Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 53.60 46.83 54.77 64.73 76.75

LSE:67NW vs NUE, STLD, RS: Days Inventory Comparison

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 Days Inventory vs 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
=( (296.671 + 502.697) / 2 ) / 2647.931*365
=399.684 / 2647.931*365
=55.09

EZZ Steel CoE's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (539.362 + 583.886) / 2 ) / 667.711*365 / 4
=561.624 / 667.711*365 / 4
=76.75

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 76.75 mean?
EZZ Steel CoE (LSE:67NW) has a Days Inventory of 76.75 as of Jun. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on EZZ Steel CoE and its competitors. This is near median its historical median of 71.16. Over the past decade, EZZ Steel CoE's Days Inventory has ranged from 50.33 to 98.87.
Is EZZ Steel CoE's Days Inventory too high?
EZZ Steel CoE's current Days Inventory of 76.75 is near median its 10-year median of 71.16. Over the past 10 years, this metric has ranged from a low of 50.33 to a high of 98.87. The Steel industry median Days Inventory is 86.57. EZZ Steel CoE's value of 76.75 is 11.3% below this industry median. Overall, EZZ Steel CoE has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does EZZ Steel CoE's Days Inventory compare to NUE and STLD?
EZZ Steel CoE's Days Inventory of 76.75 can be compared against companies in the Steel industry. The industry median Days Inventory is 86.57. EZZ Steel CoE's value of 76.75 is 11.3% below this benchmark. Historically, EZZ Steel CoE's own Days Inventory has ranged from 50.33 to 98.87 over the past decade. While the company's 10-year median is 71.16 vs. the industry median of 86.57, EZZ Steel CoE has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.57, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EZZ Steel CoE's current Days Inventory of 76.75 is 11.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on EZZ Steel CoE and its competitors. For the Steel industry, the median Days Inventory is 86.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EZZ Steel CoE's current Days Inventory is 76.75, which is near median its own 10-year median of 71.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZZ Steel CoE stock overvalued right now?
EZZ Steel CoE (LSE:67NW) has a current Days Inventory of 76.75. The current Days Inventory is 76.75, which is near median its 10-year median of 71.16 and 11.3% below the Steel industry median of 86.57. EZZ Steel CoE's overall GF Score™ is 4/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For EZZ Steel CoE (LSE:67NW), the current Days Inventory is 76.75 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EZZ Steel CoE Business Description

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