Days Inventory is also known as Days Sales of Inventory (DSI). Saras SpA's Average Total Inventories for the
three
months ended in Dec. 2023 was €1,215 Mil. Saras SpA's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €2,914 Mil.
Hence, Saras SpA's Days Inventory for the
three
months ended in Dec. 2023 was 38.06.
The historical rank and industry rank for Saras SpA's Days Inventory or its related term are showing as below:
MIL:SRS'
s Days Inventory Range Over the Past 10 Years
Min: 27.48 Med: 35.74 Max: 58.8
Current: 42.3
During the past 13 years, Saras SpA's highest Days Inventory was 58.80. The lowest was 27.48. And the median was 35.74.
MIL:SRS's Days Inventory is ranked worse than 60.63% of 729
companies
in the Oil & Gas industry
Industry Median: 31.5
vs MIL:SRS: 42.30
Saras SpA's Days Inventory
increased
from Dec. 2022 (36.57) to Dec. 2023 (38.06).
It might indicate that Saras SpA's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Saras SpA's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.40.
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.
Saras SpA's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.41.
Saras SpA Days Inventory Historical Data
The historical data trend for Saras 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.
Competitive Comparison of Saras SpA's Days Inventory
For the Oil & Gas Refining & Marketing subindustry, Saras 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.
Saras SpA's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saras SpA's Days Inventory distribution charts can be found below:
* The bar in red indicates where Saras SpA's Days Inventory falls into.
Saras SpA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Saras SpA'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.
Saras SpA (MIL:SRS) 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.
Saras SpA's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Saras SpA's Inventory to Revenue for the
three
months 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.
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.
Saras SpA Days Inventory Related Terms
Thank you for viewing the detailed overview of Saras SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.
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