Arezzo Industria E Comercio (BSP:ARZZ3) Days Inventory : 119.29 (As of Dec. 2023)

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What is Arezzo Industria E Comercio Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arezzo Industria E Comercio's Average Total Inventories for the three months ended in Dec. 2023 was R$821 Mil. Arezzo Industria E Comercio's Cost of Goods Sold for the three months ended in Dec. 2023 was R$628 Mil. Hence, Arezzo Industria E Comercio's Days Inventory for the three months ended in Dec. 2023 was 119.29.

The historical rank and industry rank for Arezzo Industria E Comercio's Days Inventory or its related term are showing as below:

BSP:ARZZ3' s Days Inventory Range Over the Past 10 Years
Min: 52.06 Med: 60.9 Max: 133.54
Current: 133.54

During the past 13 years, Arezzo Industria E Comercio's highest Days Inventory was 133.54. The lowest was 52.06. And the median was 60.90.

BSP:ARZZ3's Days Inventory is ranked worse than
51.43% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.36 vs BSP:ARZZ3: 133.54

Arezzo Industria E Comercio's Days Inventory increased from Dec. 2022 (109.86) to Dec. 2023 (119.29). It might indicate that Arezzo Industria E Comercio's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arezzo Industria E Comercio's Inventory Turnover for the three months ended in Dec. 2023 was 0.76.

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. Arezzo Industria E Comercio's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.58.

Arezzo Industria E Comercio Days Inventory Historical Data

The historical data trend for Arezzo Industria E Comercio'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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Arezzo Industria E Comercio Days Inventory Chart

Arezzo Industria E Comercio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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64.68

99.76

94.80

110.47

124.93

Arezzo Industria E Comercio 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															109.86	144.91	147.69	135.00	119.29

Competitive Comparison of Arezzo Industria E Comercio's Days Inventory

For the Footwear & Accessories subindustry, Arezzo Industria E Comercio'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.

Arezzo Industria E Comercio's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Arezzo Industria E Comercio's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arezzo Industria E Comercio's Days Inventory falls into.

Arezzo Industria E Comercio Days Inventory Calculation

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

Arezzo Industria E Comercio'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
=	( (743.865	+	774.282)	/	2 )	/	2217.707	*	365
=	759.0735					/	2217.707	*	365
=	124.93

Arezzo Industria E Comercio'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
=	( (866.759	+	774.282)	/	2 )	/	627.634	*	365 / 4
=	820.5205					/	627.634	*	365 / 4
=	119.29

Arezzo Industria E Comercio (BSP:ARZZ3) 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.

Arezzo Industria E Comercio's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	627.634	/	820.5205
	=	0.76

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.

Arezzo Industria E Comercio's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	820.5205	/	1424.631
	=	0.58

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.

Arezzo Industria E Comercio Days Inventory Related Terms

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

Arezzo Industria E Comercio (BSP:ARZZ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arezzo Industria E Comercio SA (BSP:ARZZ3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 1303, Belo Horizonte, MG, BRA, 30112000

Website

https://ri.arezzoco.com.br

Arezzo Industria e Comercio S.A. together with its subsidiaries engages in the manufacturing, development, molding, and sale of footwear, bags, and women's clothing and accessories. It operates more than 400 franchises and approximately 48 stores and an e-commerce website for the sale of products under the brand names Schutz, Arezzo, Alexandre Birman, Fiever, Vans, Reserva, Reserva Mini, Reserva Go, Oficina, INK, EVA, Troc, Baw, MyShoes, Carol Bassi, Brizza, Reversa, Simples Reserva, Unbrand Reserva and Anacapri. The company derives revenue through the sale of products and Royalty income.

Arezzo Industria E Comercio (BSP:ARZZ3) Headlines

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