Cairo Communication SpA (MIL:CAI) Days Inventory : 14.39 (As of Mar. 2024)

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What is Cairo Communication SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cairo Communication SpA's Average Total Inventories for the three months ended in Mar. 2024 was €21 Mil. Cairo Communication SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €136 Mil. Hence, Cairo Communication SpA's Days Inventory for the three months ended in Mar. 2024 was 14.39.

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

MIL:CAI' s Days Inventory Range Over the Past 10 Years
Min: 8.61 Med: 12.91 Max: 18.65
Current: 18.65

During the past 13 years, Cairo Communication SpA's highest Days Inventory was 18.65. The lowest was 8.61. And the median was 12.91.

MIL:CAI's Days Inventory is ranked better than
55.59% of 653 companies
in the Media - Diversified industry
Industry Median: 26.06 vs MIL:CAI: 18.65

Cairo Communication SpA's Days Inventory declined from Mar. 2023 (21.92) to Mar. 2024 (14.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cairo Communication SpA's Inventory Turnover for the three months ended in Mar. 2024 was 6.34.

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. Cairo Communication SpA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.09.

Cairo Communication SpA Days Inventory Historical Data

The historical data trend for Cairo Communication 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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Cairo Communication SpA Days Inventory Chart

Cairo Communication SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.56

15.38

12.25

16.09

17.46

Cairo Communication SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															21.92	17.60	21.60	13.76	14.39

Competitive Comparison of Cairo Communication SpA's Days Inventory

For the Advertising Agencies subindustry, Cairo Communication 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.

Cairo Communication SpA's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cairo Communication SpA's Days Inventory distribution charts can be found below:

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

Cairo Communication SpA Days Inventory Calculation

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

Cairo Communication SpA'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
=	( (35.5	+	21.4)	/	2 )	/	594.6	*	365
=	28.45					/	594.6	*	365
=	17.46

Cairo Communication SpA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (21.4	+	0)	/	1 )	/	135.7	*	365 / 4
=	21.4					/	135.7	*	365 / 4
=	14.39

Cairo Communication SpA (MIL:CAI) 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.

Cairo Communication SpA's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	135.7	/	21.4
	=	6.34

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.

Cairo Communication SpA's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.4	/	232.1
	=	0.09

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.

Cairo Communication SpA Days Inventory Related Terms

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

Cairo Communication SpA (MIL:CAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cairo Communication SpA (MIL:CAI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0N7I:UK CI1A:Germany

Address

Corso Magenta 55, Milan, ITA, 20123

Website

https://www.cairocommunication.it

Cairo Communication SpA is an Italian-based advertisement company. It is engaged in the business of media and publication. It carries out its activity through three communication platforms that include advertisement, publications, and the Internet. Publication activity is done by publishing periodicals, magazines, and books. It is a dealer for the sale of advertising space on various media platforms such as commercial television, paid digital television, print, and the Internet. It operates on the internet through its Trovatore search engine. Its segment includes magazine publishing Cairo Editore, advertising, TV publishing La7, network operator, and RCS.