Somec SpA (MIL:SOM) Days Inventory : 121.59 (As of Jun. 2023)

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What is Somec SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Somec SpA's Average Total Inventories for the six months ended in Jun. 2023 was €61.0 Mil. Somec SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €91.5 Mil. Hence, Somec SpA's Days Inventory for the six months ended in Jun. 2023 was 121.59.

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

MIL:SOM' s Days Inventory Range Over the Past 10 Years
Min: 110.77 Med: 126.55 Max: 221.83
Current: 121.93

During the past 6 years, Somec SpA's highest Days Inventory was 221.83. The lowest was 110.77. And the median was 126.55.

MIL:SOM's Days Inventory is ranked worse than
75.79% of 1392 companies
in the Construction industry
Industry Median: 48.8 vs MIL:SOM: 121.93

Somec SpA's Days Inventory declined from Jun. 2022 (124.10) to Jun. 2023 (121.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Somec SpA's Inventory Turnover for the six months ended in Jun. 2023 was 1.50.

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. Somec SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.32.

Somec SpA Days Inventory Historical Data

The historical data trend for Somec 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.

Somec SpA Days Inventory Chart

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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146.93

113.94

129.38

123.71

110.77

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial								117.57	124.76	124.10	116.57	121.59

Competitive Comparison of Somec SpA's Days Inventory

For the Building Products & Equipment subindustry, Somec 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.

Somec SpA's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Somec SpA's Days Inventory distribution charts can be found below:

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

Somec SpA Days Inventory Calculation

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

Somec SpA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (35.896	+	52.722)	/	2 )	/	146.009	*	365
=	44.309					/	146.009	*	365
=	110.77

Somec SpA's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (52.722	+	69.246)	/	2 )	/	91.537	*	365 / 2
=	60.984					/	91.537	*	365 / 2
=	121.59

Somec SpA (MIL:SOM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	91.537	/	60.984
	=	1.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	60.984	/	191.47
	=	0.32

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.

Somec SpA Days Inventory Related Terms

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

Somec SpA (MIL:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somec SpA (MIL:SOM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

Somec SpA (MIL:SOM) Headlines

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