Danieli & C. Officine Meccaniche SpA (MIL:DAN) Total Inventories : €766 Mil (As of Jun. 2024)

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What is Danieli & C. Officine Meccaniche SpA Total Inventories?

Danieli & C. Officine Meccaniche SpA's total inventories for the quarter that ended in Jun. 2024 was €766 Mil. Danieli & C. Officine Meccaniche SpA's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was €771 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Danieli & C. Officine Meccaniche SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-14.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Danieli & C. Officine Meccaniche SpA's Days Inventory for the six months ended in Jun. 2024 was 81.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danieli & C. Officine Meccaniche SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.24.

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. Danieli & C. Officine Meccaniche SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.34.

Danieli & C. Officine Meccaniche SpA Total Inventories Historical Data

The historical data trend for Danieli & C. Officine Meccaniche SpA's Total Inventories 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.

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Danieli & C. Officine Meccaniche SpA Total Inventories Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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1,091.48

496.47

674.45

740.68

765.65

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															674.45	744.99	740.68	776.53	765.65

Danieli & C. Officine Meccaniche SpA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Danieli & C. Officine Meccaniche SpA (MIL:DAN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Danieli & C. Officine Meccaniche SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2624.022	+	0.75 * 1068.276	+	0.5 * 765.653	-	4864.955
-	0	-	1.599)	/	74.0175
=	-14.30

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

Danieli & C. Officine Meccaniche SpA's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	771.0905	/	1728.82	*	365 / 2
	=	81.40

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Danieli & C. Officine Meccaniche SpA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	1728.82	/	771.0905
	=	2.24

4. 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.

Danieli & C. Officine Meccaniche SpA's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	771.0905	/	2277.166
	=	0.34

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Danieli & C. Officine Meccaniche SpA Total Inventories Related Terms

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Danieli & C. Officine Meccaniche SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (MIL:DAN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

DANR:Italy DANRm:UK DANm:UK 0N4I:UK 0APM:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.