GM Leather SpA (MIL:GML) Days Inventory : 461.02 (As of Dec. 2024)

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What is GM Leather SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GM Leather SpA's Average Total Inventories for the six months ended in Dec. 2024 was €28.39 Mil. GM Leather SpA's Cost of Goods Sold for the six months ended in Dec. 2024 was €11.24 Mil. Hence, GM Leather SpA's Days Inventory for the six months ended in Dec. 2024 was 461.02.

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

MIL:GML' s Days Inventory Range Over the Past 10 Years
Min: 97.32 Med: 219.93 Max: 448.44
Current: 448.44

During the past 5 years, GM Leather SpA's highest Days Inventory was 448.44. The lowest was 97.32. And the median was 219.93.

MIL:GML's Days Inventory is ranked worse than
94.38% of 996 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 126.085 vs MIL:GML: 448.44

GM Leather SpA's Days Inventory increased from Dec. 2023 (286.91) to Dec. 2024 (461.02). It might indicate that GM Leather 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. GM Leather SpA's Inventory Turnover for the six months ended in Dec. 2024 was 0.40.

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. GM Leather SpA's Inventory-to-Revenue for the six months ended in Dec. 2024 was 1.32.

GM Leather SpA Days Inventory Historical Data

The historical data trend for GM Leather 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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GM Leather SpA Days Inventory Chart

GM Leather SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

244.07

97.32

129.55

219.93

414.58

GM Leather SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial			134.15	163.85	286.91	442.42	461.02

Competitive Comparison of GM Leather SpA's Days Inventory

For the Textile Manufacturing subindustry, GM Leather 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.

GM Leather SpA's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's Days Inventory distribution charts can be found below:

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

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GM Leather SpA Days Inventory Calculation

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

GM Leather SpA's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (24.282	+	28.914)	/	2 )	/	23.417	*	365
=	26.598					/	23.417	*	365
=	414.58

GM Leather SpA's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (27.858	+	28.914)	/	2 )	/	11.237	*	365 / 2
=	28.386					/	11.237	*	365 / 2
=	461.02

GM Leather SpA (MIL:GML) 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.

GM Leather SpA's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.237	/	28.386
	=	0.40

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.

GM Leather SpA's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.386	/	21.518
	=	1.32

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.

GM Leather SpA Days Inventory Related Terms

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

GM Leather SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GM Leather SpA (MIL:GML) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Olimpica 11, Arzignano, ITA, 36071

Website

https://www.gmleatherspa.com

GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.

GM Leather SpA Headlines

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