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Steel Dynamics (MIL:1STLD) Change In Inventory : €-37 Mil (TTM As of Mar. 2024)


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What is Steel Dynamics Change In Inventory?

Steel Dynamics's change in inventory for the quarter that ended in Mar. 2024 was €-122 Mil. It means Steel Dynamics's inventory increased by €122 Mil from Dec. 2023 to Mar. 2024 .

Steel Dynamics's change in inventory for the fiscal year that ended in Dec. 2023 was €213 Mil. It means Steel Dynamics's inventory declined by €213 Mil from Dec. 2022 to Dec. 2023 .

Steel Dynamics's Total Inventories for the quarter that ended in Mar. 2024 was €2,785 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Steel Dynamics's Days Inventory for the quarter that ended in Mar. 2024 was 72.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Steel Dynamics's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.

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. Steel Dynamics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.


Steel Dynamics Change In Inventory Historical Data

The historical data trend for Steel Dynamics's Change In 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.

* Premium members only.

Steel Dynamics Change In Inventory Chart

Steel Dynamics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 196.08 -123.79 -1,491.96 390.12 213.00

Steel Dynamics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 131.80 -50.91 95.93 40.30 -122.38

Steel Dynamics Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-37 Mil.

* 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.


Steel Dynamics  (MIL:1STLD) Change In Inventory Explanation

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

Steel Dynamics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=2719.675/3416.149*365 / 4
=72.65

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Steel Dynamics's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

3. 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.

Steel Dynamics's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

* 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.


Steel Dynamics Change In Inventory Related Terms

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Steel Dynamics (MIL:1STLD) Business Description

Traded in Other Exchanges
Address
7575 West Jefferson Boulevard, Fort Wayne, IN, USA, 46804
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, and steel fabrication operations. It generates maximum revenue from the steel operations segment.

Steel Dynamics (MIL:1STLD) Headlines

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