CTT-Correios de Portugal (CTT-Correios de Portugal) Days Inventory : 5.05 (As of Mar. 2024)

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What is CTT-Correios de Portugal Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CTT-Correios de Portugal's Average Total Inventories for the three months ended in Mar. 2024 was $7 Mil. CTT-Correios de Portugal's Cost of Goods Sold for the three months ended in Mar. 2024 was $130 Mil. Hence, CTT-Correios de Portugal's Days Inventory for the three months ended in Mar. 2024 was 5.05.

The historical rank and industry rank for CTT-Correios de Portugal's Days Inventory or its related term are showing as below:

CTTPY' s Days Inventory Range Over the Past 10 Years
Min: 4.46 Med: 5.35 Max: 6.37
Current: 5.45

During the past 13 years, CTT-Correios de Portugal's highest Days Inventory was 6.37. The lowest was 4.46. And the median was 5.35.

CTTPY's Days Inventory is ranked better than
68.37% of 781 companies
in the Transportation industry
Industry Median: 11.4 vs CTTPY: 5.45

CTT-Correios de Portugal's Days Inventory declined from Mar. 2023 (6.38) to Mar. 2024 (5.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. CTT-Correios de Portugal's Inventory Turnover for the three months ended in Mar. 2024 was 18.06.

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. CTT-Correios de Portugal's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.03.

CTT-Correios de Portugal Days Inventory Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Days Inventory Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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5.03

5.19

5.49

5.73

5.64

CTT-Correios de Portugal 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															6.38	5.60	6.48	4.87	5.05

Competitive Comparison of CTT-Correios de Portugal's Days Inventory

For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.

CTT-Correios de Portugal's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Days Inventory distribution charts can be found below:

* The bar in red indicates where CTT-Correios de Portugal's Days Inventory falls into.

CTT-Correios de Portugal Days Inventory Calculation

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

CTT-Correios de Portugal'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
=	( (8.781	+	7.43)	/	2 )	/	524.752	*	365
=	8.1055					/	524.752	*	365
=	5.64

CTT-Correios de Portugal'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
=	( (7.43	+	6.971)	/	2 )	/	130.012	*	365 / 4
=	7.2005					/	130.012	*	365 / 4
=	5.05

CTT-Correios de Portugal (GREY:CTTPY) 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.

CTT-Correios de Portugal's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	130.012	/	7.2005
	=	18.06

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.

CTT-Correios de Portugal's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.2005	/	276.115
	=	0.03

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.

CTT-Correios de Portugal Days Inventory Related Terms

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

CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.