Gremi Media (WAR:GME) Days Inventory : 3.65 (As of Dec. 2023)

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What is Gremi Media Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gremi Media's Average Total Inventories for the three months ended in Dec. 2023 was zł0.60 Mil. Gremi Media's Cost of Goods Sold for the three months ended in Dec. 2023 was zł14.89 Mil. Hence, Gremi Media's Days Inventory for the three months ended in Dec. 2023 was 3.65.

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

WAR:GME' s Days Inventory Range Over the Past 10 Years
Min: 1.17 Med: 2.39 Max: 3.71
Current: 3.71

During the past 11 years, Gremi Media's highest Days Inventory was 3.71. The lowest was 1.17. And the median was 2.39.

WAR:GME's Days Inventory is ranked better than
83.76% of 659 companies
in the Media - Diversified industry
Industry Median: 25.44 vs WAR:GME: 3.71

Gremi Media's Days Inventory increased from Dec. 2022 (2.90) to Dec. 2023 (3.65). It might indicate that Gremi Media's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gremi Media's Inventory Turnover for the three months ended in Dec. 2023 was 25.00.

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. Gremi Media's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Gremi Media Days Inventory Historical Data

The historical data trend for Gremi Media'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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Gremi Media Days Inventory Chart

Gremi Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

3.59

3.34

3.62

Gremi Media 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															2.90	3.59	3.69	4.01	3.65

Competitive Comparison of Gremi Media's Days Inventory

For the Publishing subindustry, Gremi Media'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.

Gremi Media's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Gremi Media's Days Inventory distribution charts can be found below:

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

Gremi Media Days Inventory Calculation

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

Gremi Media'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
=	( (0.486	+	0.591)	/	2 )	/	54.349	*	365
=	0.5385					/	54.349	*	365
=	3.62

Gremi Media'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
=	( (0.6	+	0.591)	/	2 )	/	14.889	*	365 / 4
=	0.5955					/	14.889	*	365 / 4
=	3.65

Gremi Media (WAR:GME) 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.

Gremi Media's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.889	/	0.5955
	=	25.00

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.

Gremi Media's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5955	/	27.497
	=	0.02

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.

Gremi Media Days Inventory Related Terms

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

Gremi Media (WAR:GME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gremi Media SA (WAR:GME) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Prosta 51, Prosta Office Center, Warszawa, POL, 00-838

Website

https://www.gremimedia.pl

Gremi Media SA is a Poland based company, engages in offering economic and business press and an Internet portfolio for professionals and senior managers. It is a polish publisher offering specialized business and legal content in online and offline media. It presents daily commentaries and analyses relating to political, economic and legal events. It offers different services: Compress SA, specializing in creating comprehensive PR strategies and communication solutions.