Met.Extra Group (MIL:MET) Days Inventory : 53.39 (As of Dec. 2023)

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What is Met.Extra Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Met.Extra Group's Average Total Inventories for the six months ended in Dec. 2023 was €4.13 Mil. Met.Extra Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €14.12 Mil. Hence, Met.Extra Group's Days Inventory for the six months ended in Dec. 2023 was 53.39.

The historical rank and industry rank for Met.Extra Group's Days Inventory or its related term are showing as below:

MIL:MET' s Days Inventory Range Over the Past 10 Years
Min: 43.82 Med: 49.51 Max: 50.63
Current: 43.82

During the past 13 years, Met.Extra Group's highest Days Inventory was 50.63. The lowest was 43.82. And the median was 49.51.

MIL:MET's Days Inventory is ranked better than
63.03% of 165 companies
in the Asset Management industry
Industry Median: 76.8 vs MIL:MET: 43.82

Met.Extra Group's Days Inventory increased from Dec. 2022 (50.39) to Dec. 2023 (53.39). It might indicate that Met.Extra Group'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. Met.Extra Group's Inventory Turnover for the six months ended in Dec. 2023 was 3.42.

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. Met.Extra Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.26.

Met.Extra Group Days Inventory Historical Data

The historical data trend for Met.Extra Group'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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Met.Extra Group Days Inventory Chart

Met.Extra Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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48.39

50.63

Met.Extra Group 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															-	-	50.39	33.54	53.39

Competitive Comparison of Met.Extra Group's Days Inventory

For the Asset Management subindustry, Met.Extra Group'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.

Met.Extra Group's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Met.Extra Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Met.Extra Group's Days Inventory falls into.

Met.Extra Group Days Inventory Calculation

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

Met.Extra Group'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
=	( (5.649	+	0)	/	1 )	/	40.725	*	365
=	5.649					/	40.725	*	365
=	50.63

Met.Extra Group'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
=	( (4.13	+	0)	/	1 )	/	14.118	*	365 / 2
=	4.13					/	14.118	*	365 / 2
=	53.39

Met.Extra Group (MIL:MET) 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.

Met.Extra Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.118	/	4.13
	=	3.42

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.

Met.Extra Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.13	/	15.994
	=	0.26

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.

Met.Extra Group Days Inventory Related Terms

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Met.Extra Group (MIL:MET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Met.Extra Group (MIL:MET) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Monforte 7, Milano, ITA, 20122

Website

https://www.titanmet.it

Met.Extra Group, formerly TitanMet SpA is an Italian investment company. Its objective is to carry out a wide-ranging strategic project aimed at future investments in assets or financial instruments that do not involve the acquisition of control in the realities of interest. It is also involved in the development of synergies and implementation of subsequent integrations, acquisitions, spin-offs, and other interventions, as well as provides advisory services.