Comelf (BSE:CMF) Days Inventory : 98.53 (As of Mar. 2024)

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What is Comelf Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Comelf's Average Total Inventories for the three months ended in Mar. 2024 was lei20.3 Mil. Comelf's Cost of Goods Sold for the three months ended in Mar. 2024 was lei18.8 Mil. Hence, Comelf's Days Inventory for the three months ended in Mar. 2024 was 98.53.

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

BSE:CMF' s Days Inventory Range Over the Past 10 Years
Min: 28.11 Med: 36.82 Max: 116.67
Current: 113.93

During the past 13 years, Comelf's highest Days Inventory was 116.67. The lowest was 28.11. And the median was 36.82.

BSE:CMF's Days Inventory is ranked better than
53.45% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs BSE:CMF: 113.93

Comelf's Days Inventory declined from Mar. 2023 (115.35) to Mar. 2024 (98.53).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Comelf's Inventory Turnover for the three months ended in Mar. 2024 was 0.93.

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. Comelf's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.50.

Comelf Days Inventory Historical Data

The historical data trend for Comelf'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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Comelf Days Inventory Chart

Comelf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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36.66

47.91

48.38

91.76

116.67

Comelf Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															115.35	123.37	106.83	128.04	98.53

Competitive Comparison of Comelf's Days Inventory

For the Specialty Industrial Machinery subindustry, Comelf'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.

Comelf's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Comelf's Days Inventory distribution charts can be found below:

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

Comelf Days Inventory Calculation

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

Comelf'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
=	( (35.019	+	21.474)	/	2 )	/	88.37	*	365
=	28.2465					/	88.37	*	365
=	116.67

Comelf's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (21.474	+	19.181)	/	2 )	/	18.826	*	365 / 4
=	20.3275					/	18.826	*	365 / 4
=	98.53

Comelf (BSE:CMF) 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.

Comelf's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.826	/	20.3275
	=	0.93

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.

Comelf's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.3275	/	40.874
	=	0.50

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.

Comelf Days Inventory Related Terms

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

Comelf (BSE:CMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comelf SA (BSE:CMF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Industriei Street, Bistrita Nasaud County, Bistrita, ROU, 420063

Website

http://www.comelf.ro

Comelf SA is engaged in the production of engines and turbines. The company manufactures equipment and components for power stations and environmental protection equipment for earthmoving, lifting and transportation equipment, including their sub assemblies, steel structures, weapons ammunition, road transport vehicles and military combat. Its product portfolio includes Bag Filters, scrapers for primary radial settling tanks, Mechanical equipment for methane tank, Equipment for wastewater treatment and others. Its segments consist of Factory of stainless steel products(FPI), Factory for Earth Moving Machinery and Equipment, Bag Filters and Electrostatic Precipitators(FUET) and Factory for Earth Moving Machines and Components(TERRA). The majority of its revenue is generated outside Romania.