ZWG (WAR:ZWG) Days Inventory : 93.32 (As of Sep. 2014)

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What is ZWG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZWG's Average Total Inventories for the three months ended in Sep. 2014 was zł2.03 Mil. ZWG's Cost of Goods Sold for the three months ended in Sep. 2014 was zł1.99 Mil. Hence, ZWG's Days Inventory for the three months ended in Sep. 2014 was 93.32.

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

WAR:ZWG' s Days Inventory Range Over the Past 10 Years
Min: 64.22 Med: 109.66 Max: 134.94
Current: 64.22

During the past 5 years, ZWG's highest Days Inventory was 134.94. The lowest was 64.22. And the median was 109.66.

WAR:ZWG's Days Inventory is not ranked
in the Vehicles & Parts industry.
Industry Median: 80.85 vs WAR:ZWG: 64.22

ZWG's Days Inventory increased from Sep. 2013 (49.07) to Sep. 2014 (93.32). It might indicate that ZWG'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. ZWG's Inventory Turnover for the three months ended in Sep. 2014 was 0.98.

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. ZWG's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.13.

ZWG Days Inventory Historical Data

The historical data trend for ZWG'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.

ZWG Days Inventory Chart

ZWG Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Days Inventory

196.01

134.94

79.58

121.35

101.22

ZWG Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Inventory	Get a 7-Day Free Trial				49.07	44.65	68.15	79.33	93.32

Competitive Comparison of ZWG's Days Inventory

For the Auto Parts subindustry, ZWG'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.

ZWG's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZWG's Days Inventory distribution charts can be found below:

* The bar in red indicates where ZWG's Days Inventory falls into.

ZWG Days Inventory Calculation

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

ZWG's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (3.381	+	2.088)	/	2 )	/	9.861	*	365
=	2.7345					/	9.861	*	365
=	101.22

ZWG's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

	Days Inventory (Q: Sep. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
=	( (1.949	+	2.111)	/	2 )	/	1.985	*	365 / 4
=	2.03					/	1.985	*	365 / 4
=	93.32

ZWG (WAR:ZWG) 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.

ZWG's Inventory Turnover for the three months ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.985	/	2.03
	=	0.98

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.

ZWG's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.03	/	15.87
	=	0.13

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.

ZWG Days Inventory Related Terms

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

ZWG (WAR:ZWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZWG SA (WAR:ZWG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.zwg.com.pl

ZWG SA produces industrial rubber and rubber - metal mixed products in Europe. Its products are applied in the mineral-extracting ores, coal, mineral resources, including energy, ceramics, cement, manufacturing silicates, and road and rail.

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