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Comer Industries SpA (MIL:COM) Days Inventory : 149.85 (As of Dec. 2023)


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What is Comer Industries SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Comer Industries SpA's Average Total Inventories for the six months ended in Dec. 2023 was €240 Mil. Comer Industries SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €293 Mil. Hence, Comer Industries SpA's Days Inventory for the six months ended in Dec. 2023 was 149.85.

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

MIL:COM' s Days Inventory Range Over the Past 10 Years
Min: 121.85   Med: 129.58   Max: 150.53
Current: 132.51

During the past 9 years, Comer Industries SpA's highest Days Inventory was 150.53. The lowest was 121.85. And the median was 129.58.

MIL:COM's Days Inventory is ranked better than
50.24% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.89 vs MIL:COM: 132.51

Comer Industries SpA's Days Inventory increased from Dec. 2022 (133.36) to Dec. 2023 (149.85). It might indicate that Comer Industries SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Comer Industries SpA's Inventory Turnover for the six months ended in Dec. 2023 was 1.22.

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. Comer Industries SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.44.


Comer Industries SpA Days Inventory Historical Data

The historical data trend for Comer Industries 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.

* Premium members only.

Comer Industries SpA Days Inventory Chart

Comer Industries SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 127.51 124.04 148.68 121.85 129.12

Comer Industries SpA Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 154.92 125.52 133.36 121.94 149.85

Competitive Comparison of Comer Industries SpA's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Comer Industries 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.


Comer Industries SpA's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Comer Industries SpA's Days Inventory distribution charts can be found below:

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



Comer Industries SpA Days Inventory Calculation

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

Comer Industries 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
=( (244.906 + 226.596) / 2 ) / 666.436*365
=235.751 / 666.436*365
=129.12

Comer Industries 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
=( (254.336 + 226.596) / 2 ) / 292.851*365 / 2
=240.466 / 292.851*365 / 2
=149.85

* 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.


Comer Industries SpA  (MIL:COM) 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.

Comer Industries SpA'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.

Comer Industries SpA'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.


Comer Industries SpA Days Inventory Related Terms

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


Comer Industries SpA (MIL:COM) Business Description

Traded in Other Exchanges
Address
Via Magellano, 27, Reggiolo, ITA, 42046
Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (MIL:COM) Headlines

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