GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (MIL:MARE) » Definitions » Days Inventory

Mare Engineering Group SpA (MIL:MARE) Days Inventory : 522.47 (As of Jun. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Mare Engineering Group SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mare Engineering Group SpA's Average Total Inventories for the six months ended in Jun. 2024 was €3.85 Mil. Mare Engineering Group SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €1.35 Mil. Hence, Mare Engineering Group SpA's Days Inventory for the six months ended in Jun. 2024 was 522.47.

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

MIL:MARE' s Days Inventory Range Over the Past 10 Years
Min: 21.03   Med: 21.06   Max: 84.96
Current: 84.96

During the past 3 years, Mare Engineering Group SpA's highest Days Inventory was 84.96. The lowest was 21.03. And the median was 21.06.

MIL:MARE's Days Inventory is ranked worse than
64.75% of 1444 companies
in the Construction industry
Industry Median: 48.145 vs MIL:MARE: 84.96

Mare Engineering Group SpA's Days Inventory increased from Jun. 2023 (49.09) to Jun. 2024 (522.47). It might indicate that Mare Engineering Group 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. Mare Engineering Group SpA's Inventory Turnover for the six months ended in Jun. 2024 was 0.35.

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. Mare Engineering Group SpA's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.29.

Mare Engineering Group SpA Days Inventory Historical Data

The historical data trend for Mare Engineering Group 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.

* Premium members only.

Mare Engineering Group SpA Days Inventory Chart

Mare Engineering Group SpA Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
21.03 21.06 60.02

Mare Engineering Group SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Inventory Get a 7-Day Free Trial 13.08 27.27 49.09 36.88 522.47

Competitive Comparison of Mare Engineering Group SpA's Days Inventory

For the Engineering & Construction subindustry, Mare Engineering Group 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.

Mare Engineering Group SpA's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mare Engineering Group SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mare Engineering Group SpA's Days Inventory falls into.


Mare Engineering Group SpA Days Inventory Calculation

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

Mare Engineering Group 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
=( (0.415 + 3.664) / 2 ) / 12.403*365
=2.0395 / 12.403*365
=60.02

Mare Engineering Group SpA's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (3.664 + 4.037) / 2 ) / 1.345*365 / 2
=3.8505 / 1.345*365 / 2
=522.47

* 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.

Mare Engineering Group SpA  (MIL:MARE) 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.

Mare Engineering Group SpA's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.345 / 3.8505
=0.35

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.

Mare Engineering Group SpA's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=3.8505 / 13.149
=0.29

* 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.

Mare Engineering Group SpA Days Inventory Related Terms

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

Mare Engineering Group SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (MIL:MARE) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038
Website
https://www.maregroup.it
Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.

Mare Engineering Group SpA Headlines

No Headlines