CIR SpA (LTS:0ONR) Days Inventory : 42.60 (As of Dec. 2023)

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What is CIR SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CIR SpA's Average Total Inventories for the six months ended in Dec. 2023 was €145 Mil. CIR SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €620 Mil. Hence, CIR SpA's Days Inventory for the six months ended in Dec. 2023 was 42.60.

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

LTS:0ONR' s Days Inventory Range Over the Past 10 Years
Min: 35.31 Med: 38.78 Max: 43.68
Current: 39.39

During the past 13 years, CIR SpA's highest Days Inventory was 43.68. The lowest was 35.31. And the median was 38.78.

LTS:0ONR's Days Inventory is ranked better than
85.25% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs LTS:0ONR: 39.39

CIR SpA's Days Inventory increased from Dec. 2022 (38.47) to Dec. 2023 (42.60). It might indicate that CIR SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CIR SpA's Inventory Turnover for the six months ended in Dec. 2023 was 4.28.

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. CIR SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.13.

CIR SpA Days Inventory Historical Data

The historical data trend for CIR SpA'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.

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CIR SpA Days Inventory Chart

CIR SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.29

42.00

38.43

35.95

38.79

CIR SpA 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															40.66	38.38	38.47	37.08	42.60

Competitive Comparison of CIR SpA's Days Inventory

For the Auto Parts subindustry, CIR SpA'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.

CIR SpA's Days Inventory Distribution in the Vehicles & Parts Industry

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

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

CIR SpA Days Inventory Calculation

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

CIR SpA'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
=	( (134.952	+	143.605)	/	2 )	/	1310.432	*	365
=	139.2785					/	1310.432	*	365
=	38.79

CIR SpA'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
=	( (145.702	+	143.605)	/	2 )	/	619.735	*	365 / 2
=	144.6535					/	619.735	*	365 / 2
=	42.60

CIR SpA (LTS:0ONR) 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.

CIR SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	619.735	/	144.6535
	=	4.28

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.

CIR SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	144.6535	/	1156.736
	=	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.

CIR SpA Days Inventory Related Terms

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

CIR SpA (LTS:0ONR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIR SpA (LTS:0ONR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CIR:Italy

Address

Via Ciovassino 1, Milan, ITA, 20121

Website

https://www.cirgroup.it

CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia.

CIR SpA (LTS:0ONR) Headlines

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