Schmid Group NV (Schmid Group NV) Days Inventory : 100.15 (As of Dec. 2023)

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What is Schmid Group NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Schmid Group NV's Average Total Inventories for the six months ended in Dec. 2023 was $21.52 Mil. Schmid Group NV's Cost of Goods Sold for the six months ended in Dec. 2023 was $39.22 Mil. Hence, Schmid Group NV's Days Inventory for the six months ended in Dec. 2023 was 100.15.

The historical rank and industry rank for Schmid Group NV's Days Inventory or its related term are showing as below:

SHMD' s Days Inventory Range Over the Past 10 Years
Min: 116.24 Med: 134.59 Max: 195.62
Current: 121.9

During the past 4 years, Schmid Group NV's highest Days Inventory was 195.62. The lowest was 116.24. And the median was 134.59.

SHMD's Days Inventory is ranked worse than
50.21% of 2912 companies
in the Industrial Products industry
Industry Median: 121.36 vs SHMD: 121.90

Schmid Group NV's Days Inventory declined from Dec. 2022 (146.57) to Dec. 2023 (100.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Schmid Group NV's Inventory Turnover for the six months ended in Dec. 2023 was 1.82.

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. Schmid Group NV's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.40.

Schmid Group NV Days Inventory Historical Data

The historical data trend for Schmid Group NV'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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Schmid Group NV Days Inventory Chart

Schmid Group NV Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

195.62

134.59

116.24

Schmid Group NV Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	122.63	146.57	156.28	100.15

Competitive Comparison of Schmid Group NV's Days Inventory

For the Specialty Industrial Machinery subindustry, Schmid Group NV'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.

Schmid Group NV's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Schmid Group NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Schmid Group NV's Days Inventory falls into.

Schmid Group NV Days Inventory Calculation

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

Schmid Group NV'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
=	( (26.515	+	17.832)	/	2 )	/	69.628	*	365
=	22.1735					/	69.628	*	365
=	116.24

Schmid Group NV'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (25.217	+	17.832)	/	2 )	/	39.224	*	365 / 2
=	21.5245					/	39.224	*	365 / 2
=	100.15

Schmid Group NV (NAS:SHMD) 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.

Schmid Group NV's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.224	/	21.5245
	=	1.82

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.

Schmid Group NV's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.5245	/	54.291
	=	0.40

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.

Schmid Group NV Days Inventory Related Terms

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

Schmid Group NV (Schmid Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schmid Group NV (NAS:SHMD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250

Website

https://www.schmid-group.com

Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).

Schmid Group NV (Schmid Group NV) Headlines

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