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Tubos Reunidos (XMAD:TRG) Days Inventory : 267.82 (As of Dec. 2023)


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What is Tubos Reunidos Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tubos Reunidos's Average Total Inventories for the six months ended in Dec. 2023 was €128.4 Mil. Tubos Reunidos's Cost of Goods Sold for the six months ended in Dec. 2023 was €87.5 Mil. Hence, Tubos Reunidos's Days Inventory for the six months ended in Dec. 2023 was 267.82.

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

XMAD:TRG' s Days Inventory Range Over the Past 10 Years
Min: 229.8   Med: 249.9   Max: 447.16
Current: 266.73

During the past 13 years, Tubos Reunidos's highest Days Inventory was 447.16. The lowest was 229.80. And the median was 249.90.

XMAD:TRG's Days Inventory is ranked worse than
94.42% of 573 companies
in the Steel industry
Industry Median: 86.42 vs XMAD:TRG: 266.73

Tubos Reunidos's Days Inventory increased from Dec. 2022 (264.02) to Dec. 2023 (267.82). It might indicate that Tubos Reunidos's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tubos Reunidos's Inventory Turnover for the six months ended in Dec. 2023 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. Tubos Reunidos's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.64.


Tubos Reunidos Days Inventory Historical Data

The historical data trend for Tubos Reunidos'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.

Tubos Reunidos Days Inventory Chart

Tubos Reunidos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 265.99 230.26 269.33 229.80 245.74

Tubos Reunidos Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 271.84 215.46 264.02 286.51 267.82

Competitive Comparison of Tubos Reunidos's Days Inventory

For the Steel subindustry, Tubos Reunidos'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.


Tubos Reunidos's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tubos Reunidos's Days Inventory distribution charts can be found below:

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



Tubos Reunidos Days Inventory Calculation

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

Tubos Reunidos'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
=( (129.464 + 107.818) / 2 ) / 176.219*365
=118.641 / 176.219*365
=245.74

Tubos Reunidos's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (149.045 + 107.818) / 2 ) / 87.518*365 / 2
=128.4315 / 87.518*365 / 2
=267.82

* 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.


Tubos Reunidos  (XMAD:TRG) 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.

Tubos Reunidos's Inventory Turnover for the six 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.

Tubos Reunidos's Inventory to Revenue for the six 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.


Tubos Reunidos Days Inventory Related Terms

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


Tubos Reunidos (XMAD:TRG) Business Description

Traded in Other Exchanges
Address
Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470
Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.

Tubos Reunidos (XMAD:TRG) Headlines

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