SOL SpA (MIL:SOL) Days Inventory : 38.74 (As of Jun. 2023)

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What is SOL SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SOL SpA's Average Total Inventories for the six months ended in Jun. 2023 was €89 Mil. SOL SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €420 Mil. Hence, SOL SpA's Days Inventory for the six months ended in Jun. 2023 was 38.74.

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

MIL:SOL' s Days Inventory Range Over the Past 10 Years
Min: 31.58 Med: 36.88 Max: 39.94
Current: 38.03

During the past 13 years, SOL SpA's highest Days Inventory was 39.94. The lowest was 31.58. And the median was 36.88.

MIL:SOL's Days Inventory is ranked better than
85.6% of 1493 companies
in the Chemicals industry
Industry Median: 82.5 vs MIL:SOL: 38.03

SOL SpA's Days Inventory increased from Jun. 2022 (33.13) to Jun. 2023 (38.74). It might indicate that SOL SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SOL SpA's Inventory Turnover for the six months ended in Jun. 2023 was 4.71.

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. SOL SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.12.

SOL SpA Days Inventory Historical Data

The historical data trend for SOL SpA'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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SOL SpA Days Inventory Chart

SOL SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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36.80

39.94

37.90

31.58

39.91

SOL SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															36.58	33.13	31.42	38.74	-

Competitive Comparison of SOL SpA's Days Inventory

For the Specialty Chemicals subindustry, SOL SpA'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.

SOL SpA's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SOL SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where SOL SpA's Days Inventory falls into.

SOL SpA Days Inventory Calculation

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

SOL SpA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (67.303	+	84.143)	/	2 )	/	875.176	*	365
=	75.723					/	875.176	*	365
=	31.58

SOL SpA's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (84.143	+	94.159)	/	2 )	/	419.943	*	365 / 2
=	89.151					/	419.943	*	365 / 2
=	38.74

SOL SpA (MIL:SOL) 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.

SOL SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	419.943	/	89.151
	=	4.71

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.

SOL SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	89.151	/	735.733
	=	0.12

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.

SOL SpA Days Inventory Related Terms

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

SOL SpA (MIL:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SOL SpA (MIL:SOL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SOLm:UK QOL:Germany

Address

Via Borgazzi, 27, Monza, ITA, 20900

Website

http://www.solgroup.com

SOL SpA manufactures and sells industrial gases and medical equipment. The firm's two segments are based on product type. The home-care segment, which generates the majority of revenue, sells a variety of medicinal gases including oxygen, nitrogen, nitrous oxide, carbon dioxide, synthetic air, and medical air. The segment also provides medical air services for hospitals. The technical gases segment sells gas-based products to the energy, agricultural, food, metalworking, glass, and electronics industries. More of SOL's revenue comes from Italy than any other country.