Days Inventory is also known as Days Sales of Inventory (DSI). Snam SpA's Average Total Inventories for the
three
months ended in Sep. 2023 was €3,129 Mil. Snam SpA's Cost of Goods Sold for the
three
months ended in Sep. 2023 was €566 Mil.
Hence, Snam SpA's Days Inventory for the
three
months ended in Sep. 2023 was 504.45.
The historical rank and industry rank for Snam SpA's Days Inventory or its related term are showing as below:
LTS:0NQP'
s Days Inventory Range Over the Past 10 Years
Min: 53.5 Med: 117.48 Max: 673.08
Current: 611
During the past 13 years, Snam SpA's highest Days Inventory was 673.08. The lowest was 53.50. And the median was 117.48.
LTS:0NQP's Days Inventory is ranked worse than 98.92% of 462
companies
in the Utilities - Regulated industry
Industry Median: 22.91
vs LTS:0NQP: 611.00
Snam SpA's Days Inventory
increased
from Sep. 2022 (283.18) to Sep. 2023 (504.45).
It might indicate that Snam SpA's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Snam SpA's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.18.
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.
Snam SpA's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 2.91.
Snam SpA Days Inventory Historical Data
The historical data trend for Snam SpA'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 Snam SpA's Days Inventory
For the Utilities - Regulated Gas subindustry, Snam SpA'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.
Snam SpA's Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's Days Inventory distribution charts can be found below:
* The bar in red indicates where Snam SpA's Days Inventory falls into.
Snam SpA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Snam SpA's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Snam SpA (LTS:0NQP) 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.
Snam SpA's Inventory Turnover for the
three
months ended in Sep. 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.
Snam SpA's Inventory to Revenue for the
three
months ended in Sep. 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.
Snam SpA Days Inventory Related Terms
Thank you for viewing the detailed overview of Snam SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
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