Heidelberg Materials AG (XTER:HEI) Days Inventory

: 123.50 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Heidelberg Materials AG's Average Total Inventories for the six months ended in Dec. 2023 was €2,634 Mil. Heidelberg Materials AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,892 Mil. Hence, Heidelberg Materials AG's Days Inventory for the six months ended in Dec. 2023 was 123.50.

The historical rank and industry rank for Heidelberg Materials AG's Days Inventory or its related term are showing as below:

XTER:HEI' s Days Inventory Range Over the Past 10 Years
Min: 93.4 Med: 103.69 Max: 120.09
Current: 119.84

During the past 13 years, Heidelberg Materials AG's highest Days Inventory was 120.09. The lowest was 93.40. And the median was 103.69.

XTER:HEI's Days Inventory is ranked worse than
67.85% of 367 companies
in the Building Materials industry
Industry Median: 83.24 vs XTER:HEI: 119.84

Heidelberg Materials AG's Days Inventory increased from Dec. 2022 (104.56) to Dec. 2023 (123.50). It might indicate that Heidelberg Materials AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heidelberg Materials AG's Inventory Turnover for the six months ended in Dec. 2023 was 1.48.

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. Heidelberg Materials AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

Heidelberg Materials AG Days Inventory Historical Data

The historical data trend for Heidelberg Materials AG'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.

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

102.31

115.84

105.06

101.86

120.09

Heidelberg Materials AG 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																100.78	105.20	104.56	116.17	123.50

Competitive Comparison

For the Building Materials subindustry, Heidelberg Materials AG'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.

Heidelberg Materials AG Days Inventory Distribution

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

* The bar in red indicates where Heidelberg Materials AG's Days Inventory falls into.

Heidelberg Materials AG Days Inventory Calculation

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

Heidelberg Materials AG'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
=	( (2642.9	+	2641.6)	/	2 )	/	8030.7	*	365
=	2642.25					/	8030.7	*	365
=	120.09

Heidelberg Materials AG'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
=	( (2625.9	+	2641.6)	/	2 )	/	3892	*	365 / 2
=	2633.75					/	3892	*	365 / 2
=	123.50

Heidelberg Materials AG (XTER:HEI) 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.

Heidelberg Materials AG's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3892	/	2633.75
	=	1.48

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.

Heidelberg Materials AG's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2633.75	/	10705
	=	0.25

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.

Heidelberg Materials AG Days Inventory Related Terms

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Heidelberg Materials AG (XTER:HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (XTER:HEI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HLBZF:USA HDELY:USA HEI:Italy HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com/en

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Executives

Ludwig Merckle	Supervisory Board
René Aldach	Board of Directors
Dennis Lentz	Board of Directors
Ernest Jelito	Board of Directors
Christopher Ward	Board of Directors
Kevin Gluskie	Board of Directors
Dr. Dominik Von Achten	Board of Directors