Estrima SpA (MIL:BIRO) Days Inventory : 92.71 (As of Jun. 2023)

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What is Estrima SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Estrima SpA's Average Total Inventories for the six months ended in Jun. 2023 was €10.00 Mil. Estrima SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €19.68 Mil. Hence, Estrima SpA's Days Inventory for the six months ended in Jun. 2023 was 92.71.

The historical rank and industry rank for Estrima SpA's Days Inventory or its related term are showing as below:

MIL:BIRO' s Days Inventory Range Over the Past 10 Years
Min: 95.31 Med: 165.71 Max: 257.79
Current: 95.31

During the past 4 years, Estrima SpA's highest Days Inventory was 257.79. The lowest was 95.31. And the median was 165.71.

MIL:BIRO's Days Inventory is ranked worse than
60.54% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 81.77 vs MIL:BIRO: 95.31

Estrima SpA's Days Inventory increased from Jun. 2022 (87.14) to Jun. 2023 (92.71). It might indicate that Estrima SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Estrima SpA's Inventory Turnover for the six months ended in Jun. 2023 was 1.97.

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. Estrima SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.44.

Estrima SpA Days Inventory Historical Data

The historical data trend for Estrima 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.

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Estrima SpA Days Inventory Chart

Estrima SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

126.40

205.02

257.79

96.32

Estrima SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial			118.94	-	87.14	102.10	92.71

Competitive Comparison of Estrima SpA's Days Inventory

For the Auto Manufacturers subindustry, Estrima 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.

Estrima SpA's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Estrima SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Estrima SpA's Days Inventory falls into.

Estrima SpA Days Inventory Calculation

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

Estrima SpA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7.418	+	10.171)	/	2 )	/	33.328	*	365
=	8.7945					/	33.328	*	365
=	96.32

Estrima SpA's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (10.171	+	9.824)	/	2 )	/	19.681	*	365 / 2
=	9.9975					/	19.681	*	365 / 2
=	92.71

Estrima SpA (MIL:BIRO) 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.

Estrima SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.681	/	9.9975
	=	1.97

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.

Estrima SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.9975	/	22.707
	=	0.44

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.

Estrima SpA Days Inventory Related Terms

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

Estrima SpA (MIL:BIRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Estrima SpA (MIL:BIRO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Roveredo 20/b, Pordenone, ITA, 33170

Website

https://www.estrima.com

Estrima SpA is engaged in designing, manufacturing and distribution of the small electric vehicles.

Estrima SpA (MIL:BIRO) Headlines

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