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Corticeira Amorim SGPS (XLIS:COR) Days Inventory : 445.60 (As of Dec. 2023)


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What is Corticeira Amorim SGPS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Corticeira Amorim SGPS's Average Total Inventories for the three months ended in Dec. 2023 was €523.4 Mil. Corticeira Amorim SGPS's Cost of Goods Sold for the three months ended in Dec. 2023 was €107.2 Mil. Hence, Corticeira Amorim SGPS's Days Inventory for the three months ended in Dec. 2023 was 445.60.

The historical rank and industry rank for Corticeira Amorim SGPS's Days Inventory or its related term are showing as below:

XLIS:COR' s Days Inventory Range Over the Past 10 Years
Min: 273.37   Med: 337   Max: 382.28
Current: 350.5

During the past 13 years, Corticeira Amorim SGPS's highest Days Inventory was 382.28. The lowest was 273.37. And the median was 337.00.

XLIS:COR's Days Inventory is ranked worse than
94.6% of 278 companies
in the Forest Products industry
Industry Median: 87.975 vs XLIS:COR: 350.50

Corticeira Amorim SGPS's Days Inventory increased from Dec. 2022 (317.32) to Dec. 2023 (445.60). It might indicate that Corticeira Amorim SGPS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Corticeira Amorim SGPS's Inventory Turnover for the three months ended in Dec. 2023 was 0.20.

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. Corticeira Amorim SGPS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.35.


Corticeira Amorim SGPS Days Inventory Historical Data

The historical data trend for Corticeira Amorim SGPS'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.

Corticeira Amorim SGPS Days Inventory Chart

Corticeira Amorim SGPS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 372.68 382.28 304.57 273.37 352.57

Corticeira Amorim SGPS 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 317.32 297.53 278.52 405.69 445.60

Competitive Comparison of Corticeira Amorim SGPS's Days Inventory

For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.


Corticeira Amorim SGPS's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Corticeira Amorim SGPS's Days Inventory falls into.



Corticeira Amorim SGPS Days Inventory Calculation

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

Corticeira Amorim SGPS'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
=( (405.23 + 517.888) / 2 ) / 477.834*365
=461.559 / 477.834*365
=352.57

Corticeira Amorim SGPS'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
=( (528.852 + 517.888) / 2 ) / 107.175*365 / 4
=523.37 / 107.175*365 / 4
=445.60

* 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.


Corticeira Amorim SGPS  (XLIS:COR) 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.

Corticeira Amorim SGPS's Inventory Turnover for the three 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.

Corticeira Amorim SGPS's Inventory to Revenue for the three 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.


Corticeira Amorim SGPS Days Inventory Related Terms

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


Corticeira Amorim SGPS (XLIS:COR) Business Description

Traded in Other Exchanges
Address
No. 380, Rua Comendador Américo Ferreira de Amorim, Mozelos, PRT, 4536-902
Corticeira Amorim SGPS SA (Corticeira Amorim) is a holding company engaged in cork-related products. Group organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Floor and wall Coverings, Cork Composites, and Insulation Cork. The company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings and giftware. The business of the company is operated through Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands. The company derives majority of the revenue from European region.