Days Inventory is also known as Days Sales of Inventory (DSI). Granges AB's Average Total Inventories for the
three
months ended in Mar. 2024 was kr3,787 Mil. Granges AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr3,512 Mil.
Hence, Granges AB's Days Inventory for the
three
months ended in Mar. 2024 was 98.38.
The historical rank and industry rank for Granges AB's Days Inventory or its related term are showing as below:
LTS:0R9X'
s Days Inventory Range Over the Past 10 Years
Min: 73.74 Med: 93.46 Max: 113.29
Current: 96.52
During the past 13 years, Granges AB's highest Days Inventory was 113.29. The lowest was 73.74. And the median was 93.46.
LTS:0R9X's Days Inventory is ranked worse than 53.85% of 663
companies
in the Metals & Mining industry
Industry Median: 88.02
vs LTS:0R9X: 96.52
Granges AB's Days Inventory
increased
from Mar. 2023 (95.36) to Mar. 2024 (98.38).
It might indicate that Granges AB's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Granges AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.93.
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.
Granges AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.70.
Granges AB Days Inventory Historical Data
The historical data trend for Granges AB'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 Granges AB's Days Inventory
For the Aluminum subindustry, Granges AB'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.
Granges AB's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Granges AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where Granges AB's Days Inventory falls into.
Granges AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Granges AB'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.
Granges AB (LTS:0R9X) 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.
Granges AB's Inventory Turnover for the
three
months ended in Mar. 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.
Granges AB's Inventory to Revenue for the
three
months ended in Mar. 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.
Granges AB Days Inventory Related Terms
Thank you for viewing the detailed overview of Granges AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Granges AB is a Sweden-based supplier of rolled aluminium products for original equipment manufacturers. It produces heat exchanger applications, specialty packaging, and new rolled product niches. It develops, produces, and markets advanced materials that enhance efficiency in the customers' manufacturing process and the performance of the final products. The firm operates in Europe, Asia, and the Americas, with production facilities in all three regions. Granges generate much of its revenue through contracts with customers based on the added value that Granges calculates from material cost and production complexity. In recent years, the company has put an emphasis on horizontal acquisitions exemplified by its 2020 acquisition of Aluminium Konin, strengthening its position in Europe.
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