FOPE SpA (MIL:FPE) Days Inventory : 139.85 (As of Dec. 2023)

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What is FOPE SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FOPE SpA's Average Total Inventories for the six months ended in Dec. 2023 was €16.65 Mil. FOPE SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €21.73 Mil. Hence, FOPE SpA's Days Inventory for the six months ended in Dec. 2023 was 139.85.

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

MIL:FPE' s Days Inventory Range Over the Past 10 Years
Min: 75.41 Med: 87.9 Max: 138.29
Current: 128.5

During the past 9 years, FOPE SpA's highest Days Inventory was 138.29. The lowest was 75.41. And the median was 87.90.

MIL:FPE's Days Inventory is ranked worse than
56.65% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 111.025 vs MIL:FPE: 128.50

FOPE SpA's Days Inventory increased from Dec. 2022 (105.85) to Dec. 2023 (139.85). It might indicate that FOPE SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. FOPE SpA's Inventory Turnover for the six months ended in Dec. 2023 was 1.30.

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. FOPE SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.52.

FOPE SpA Days Inventory Historical Data

The historical data trend for FOPE 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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FOPE SpA Days Inventory Chart

FOPE SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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86.18

138.29

122.36

104.95

120.93

FOPE SpA Semi-Annual Data
	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												101.47	111.44	105.85	125.13	139.85

Competitive Comparison of FOPE SpA's Days Inventory

For the Luxury Goods subindustry, FOPE 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.

FOPE SpA's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, FOPE SpA's Days Inventory distribution charts can be found below:

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

FOPE SpA Days Inventory Calculation

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

FOPE SpA'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
=	( (13.923	+	15.71)	/	2 )	/	44.722	*	365
=	14.8165					/	44.722	*	365
=	120.93

FOPE SpA'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
=	( (17.599	+	15.71)	/	2 )	/	21.734	*	365 / 2
=	16.6545					/	21.734	*	365 / 2
=	139.85

FOPE SpA (MIL:FPE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.734	/	16.6545
	=	1.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.6545	/	32.09
	=	0.52

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.

FOPE SpA Days Inventory Related Terms

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