Cementir Holding NV (MIL:CEM) Days Inventory : 105.27 (As of Dec. 2023)

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What is Cementir Holding NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cementir Holding NV's Average Total Inventories for the three months ended in Dec. 2023 was €230 Mil. Cementir Holding NV's Cost of Goods Sold for the three months ended in Dec. 2023 was €200 Mil. Hence, Cementir Holding NV's Days Inventory for the three months ended in Dec. 2023 was 105.27.

The historical rank and industry rank for Cementir Holding NV's Days Inventory or its related term are showing as below:

MIL:CEM' s Days Inventory Range Over the Past 10 Years
Min: 90.15 Med: 123.98 Max: 152.63
Current: 111.05

During the past 13 years, Cementir Holding NV's highest Days Inventory was 152.63. The lowest was 90.15. And the median was 123.98.

MIL:CEM's Days Inventory is ranked worse than
63.22% of 367 companies
in the Building Materials industry
Industry Median: 83.41 vs MIL:CEM: 111.05

Cementir Holding NV's Days Inventory increased from Dec. 2022 (89.74) to Dec. 2023 (105.27). It might indicate that Cementir Holding NV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cementir Holding NV's Inventory Turnover for the three months ended in Dec. 2023 was 0.87.

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. Cementir Holding NV's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.58.

Cementir Holding NV Days Inventory Historical Data

The historical data trend for Cementir Holding NV'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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Cementir Holding NV Days Inventory Chart

Cementir Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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142.95

125.09

110.78

90.15

112.40

Cementir Holding NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															89.74	107.89	116.11	119.74	105.27

Competitive Comparison of Cementir Holding NV's Days Inventory

For the Building Materials subindustry, Cementir Holding NV'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.

Cementir Holding NV's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementir Holding NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cementir Holding NV's Days Inventory falls into.

Cementir Holding NV Days Inventory Calculation

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

Cementir Holding NV'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
=	( (217.202	+	230.167)	/	2 )	/	726.365	*	365
=	223.6845					/	726.365	*	365
=	112.40

Cementir Holding NV'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	230.167)	/	1 )	/	199.514	*	365 / 4
=	230.167					/	199.514	*	365 / 4
=	105.27

Cementir Holding NV (MIL:CEM) 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.

Cementir Holding NV's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	199.514	/	230.167
	=	0.87

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.

Cementir Holding NV's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	230.167	/	399.208
	=	0.58

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.

Cementir Holding NV Days Inventory Related Terms

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

Cementir Holding NV (MIL:CEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementir Holding NV (MIL:CEM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3PC:Germany

Address

Zuidplein 36, Amsterdam, NH, NLD, 1077 XV

Website

https://www.cementirholding.com

Cementir Holding NV is engaged in operating in the building materials sector and focused on four main business lines: grey cement, white cement, ready-mixed concrete, and aggregates. The Group's geographical areas are: The Nordic & Baltic region includes Denmark, Norway, Sweden, Iceland, Poland, and the white cement operations in Belgium and France. The Belgium region includes the activities of the Compagnie des Ciments Belges S.A. group in Belgium and France. The North America region includes the United States. The Asia Pacific region includes China, Malaysia, and Australia. The Holding and Services include the Parent Company, Spartan Hive and Aalborg Portland Digital, and other smaller companies.