Days Inventory is also known as Days Sales of Inventory (DSI). SSAB AB's Average Total Inventories for the
three
months ended in Mar. 2024 was kr32,739 Mil. SSAB AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr22,396 Mil.
Hence, SSAB AB's Days Inventory for the
three
months ended in Mar. 2024 was 133.39.
The historical rank and industry rank for SSAB AB's Days Inventory or its related term are showing as below:
OSTO:SSAB A'
s Days Inventory Range Over the Past 10 Years
Min: 91.19 Med: 100.36 Max: 135.44
Current: 135.44
During the past 13 years, SSAB AB's highest Days Inventory was 135.44. The lowest was 91.19. And the median was 100.36.
OSTO:SSAB A's Days Inventory is ranked worse than 76.09% of 573
companies
in the Steel industry
Industry Median: 85.95
vs OSTO:SSAB A: 135.44
SSAB AB's Days Inventory
increased
from Mar. 2023 (130.79) to Mar. 2024 (133.39).
It might indicate that SSAB AB's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
SSAB AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.68.
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.
SSAB AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.21.
SSAB AB Days Inventory Historical Data
The historical data trend for SSAB AB'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 SSAB AB's Days Inventory
For the Steel subindustry, SSAB AB'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.
SSAB AB's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, SSAB AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where SSAB AB's Days Inventory falls into.
SSAB AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SSAB AB'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.
SSAB AB (OSTO:SSAB A) 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.
SSAB AB's Inventory Turnover for the
three
months ended in Mar. 2024 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.
SSAB AB's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
SSAB AB Days Inventory Related Terms
Thank you for viewing the detailed overview of SSAB AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.
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