Days Inventory is also known as Days Sales of Inventory (DSI). Ringmetall SE's Average Total Inventories for the
six
months ended in Dec. 2023 was €21.0 Mil. Ringmetall SE's Cost of Goods Sold for the
six
months ended in Dec. 2023 was €39.3 Mil.
Hence, Ringmetall SE's Days Inventory for the
six
months ended in Dec. 2023 was 97.73.
The historical rank and industry rank for Ringmetall SE's Days Inventory or its related term are showing as below:
XTER:HP3A'
s Days Inventory Range Over the Past 10 Years
Min: 66.5 Med: 70.53 Max: 90.4
Current: 90.4
During the past 13 years, Ringmetall SE's highest Days Inventory was 90.40. The lowest was 66.50. And the median was 70.53.
XTER:HP3A's Days Inventory is ranked better than 67.43% of 2911
companies
in the Industrial Products industry
Industry Median: 120.17
vs XTER:HP3A: 90.40
Ringmetall SE's Days Inventory
increased
from Dec. 2022 (87.05) to Dec. 2023 (97.73).
It might indicate that Ringmetall SE's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ringmetall SE's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.87.
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.
Ringmetall SE's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.26.
Ringmetall SE Days Inventory Historical Data
The historical data trend for Ringmetall SE'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 Ringmetall SE's Days Inventory
For the Tools & Accessories subindustry, Ringmetall SE'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.
Ringmetall SE's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ringmetall SE's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ringmetall SE's Days Inventory falls into.
Ringmetall SE Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ringmetall SE'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.
Ringmetall SE (XTER:HP3A) 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.
Ringmetall SE'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.
Ringmetall SE'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.
Ringmetall SE Days Inventory Related Terms
Thank you for viewing the detailed overview of Ringmetall SE's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.
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