Olympic Steel (Olympic Steel) Days Inventory : 94.59 (As of Dec. 2023)

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What is Olympic Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Olympic Steel's Average Total Inventories for the three months ended in Dec. 2023 was $389 Mil. Olympic Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was $376 Mil. Hence, Olympic Steel's Days Inventory for the three months ended in Dec. 2023 was 94.59.

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

ZEUS' s Days Inventory Range Over the Past 10 Years
Min: 73.43 Med: 91.61 Max: 102.63
Current: 87.09

During the past 13 years, Olympic Steel's highest Days Inventory was 102.63. The lowest was 73.43. And the median was 91.61.

ZEUS's Days Inventory is ranked worse than
51.65% of 575 companies
in the Steel industry
Industry Median: 85.66 vs ZEUS: 87.09

Olympic Steel's Days Inventory declined from Dec. 2022 (97.97) to Dec. 2023 (94.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Olympic Steel's Inventory Turnover for the three months ended in Dec. 2023 was 0.96.

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. Olympic Steel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.80.

Olympic Steel Days Inventory Historical Data

The historical data trend for Olympic Steel'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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Olympic Steel Days Inventory Chart

Olympic Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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91.57

95.72

73.43

79.37

87.04

Olympic Steel 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															97.97	83.15	84.04	87.87	94.59

Competitive Comparison of Olympic Steel's Days Inventory

For the Steel subindustry, Olympic Steel'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.

Olympic Steel's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Olympic Steel's Days Inventory distribution charts can be found below:

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

Olympic Steel Days Inventory Calculation

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

Olympic Steel'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
=	( (416.931	+	386.535)	/	2 )	/	1684.663	*	365
=	401.733					/	1684.663	*	365
=	87.04

Olympic Steel'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
=	( (392.354	+	386.535)	/	2 )	/	375.675	*	365 / 4
=	389.4445					/	375.675	*	365 / 4
=	94.59

Olympic Steel (NAS:ZEUS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	375.675	/	389.4445
	=	0.96

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	389.4445	/	489.408
	=	0.80

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.

Olympic Steel Days Inventory Related Terms

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

Olympic Steel (Olympic Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Olympic Steel Inc (NAS:ZEUS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OYS:Germany OYS:Germany

Address

22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122

Website

https://www.olysteel.com

Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.

Executives

Dirk A Kempthorne	director	1735 MARKET STREET, PHILADELPHIA PA 19103
Michael D Siegal	director, 10 percent owner, officer: Chairman of the Board and CEO	5080 RICHMOND ROAD, CLEVELAND OH 44146-1392
David A Wolfort	director, officer: President and COO
Richard T Marabito	officer: Chief Financial Officer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Andrew S Greiff	officer: EVP and COO	22901 MILLCREEK BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Richard P Stovsky	director	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Arthur F Anton	director	29500 SOLON ROAD, SOLON OH 44139
Richard A Manson	officer: Vice President and Treasurer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Lisa K Christen	officer: See Remarks	C/O/ OLYMPIC STEEL, INC., 22901 MILLCREED BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Vanessa Whiting	director	C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Della Ratta Ralph M Jr	director	1690 CHAGRIN RIVER ROAD, GATES MILLS OH 44040
Idalene Fay Kesner	director	101 OAKLEY STREET, EVANSVILLE IN 47710
Michael G Rippey	director	C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., HIGHLAND HILLS OH 44122
Howard Goldstein	director	5096 RICHMOND RD, BEDFORD HEIGHTS OH 44146
Mcneeley Donald R. Jr.	director, officer: Subsidiary Officer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146