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SBE-Varvit SpA (MIL:VARV) Days Inventory : 187.03 (As of Jun. 2023)


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What is SBE-Varvit SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SBE-Varvit SpA's Average Total Inventories for the six months ended in Jun. 2023 was €141.4 Mil. SBE-Varvit SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €138.0 Mil. Hence, SBE-Varvit SpA's Days Inventory for the six months ended in Jun. 2023 was 187.03.

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

MIL:VARV' s Days Inventory Range Over the Past 10 Years
Min: 185.29   Med: 197.29   Max: 209.29
Current: 199.28

During the past 2 years, SBE-Varvit SpA's highest Days Inventory was 209.29. The lowest was 185.29. And the median was 197.29.

MIL:VARV's Days Inventory is ranked worse than
75.65% of 2904 companies
in the Industrial Products industry
Industry Median: 121.615 vs MIL:VARV: 199.28

SBE-Varvit SpA's Days Inventory increased from Jun. 2022 (158.24) to Jun. 2023 (187.03). It might indicate that SBE-Varvit SpA's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. SBE-Varvit SpA's Inventory Turnover for the six months ended in Jun. 2023 was 0.98.

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. SBE-Varvit SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.64.

SBE-Varvit SpA Days Inventory Historical Data

The historical data trend for SBE-Varvit 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.

* Premium members only.

SBE-Varvit SpA Days Inventory Chart

SBE-Varvit SpA Annual Data
Trend Dec21 Dec22
Days Inventory
209.29 185.29

SBE-Varvit SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
Days Inventory - 158.24 212.21 187.03

Competitive Comparison of SBE-Varvit SpA's Days Inventory

For the Tools & Accessories subindustry, SBE-Varvit 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.

SBE-Varvit SpA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SBE-Varvit SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where SBE-Varvit SpA's Days Inventory falls into.


SBE-Varvit SpA Days Inventory Calculation

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

SBE-Varvit 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
=( (104.4 + 140.703) / 2 ) / 241.412*365
=122.5515 / 241.412*365
=185.29

SBE-Varvit 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
=( (140.703 + 142.072) / 2 ) / 137.961*365 / 2
=141.3875 / 137.961*365 / 2
=187.03

* 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.

SBE-Varvit SpA  (MIL:VARV) 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.

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=137.961 / 141.3875
=0.98

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=141.3875 / 220.244
=0.64

* 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.

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.

SBE-Varvit SpA Days Inventory Related Terms

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

SBE-Varvit SpA (MIL:VARV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SBE-Varvit SpA (MIL:VARV) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
O4W:Germany
Address
Via Lazzaretti 2/A, Reggio Emilia, ITA, 42122
Website
https://www.sbe.it
SBE-Varvit SpA is a company involved in the production of fasteners, mechanical fastening joints of fundamental importance for many industrial sectors. It is able to serve a large number of sectors by offering over twenty seven thousand references including screws, nuts and cold-pressed products, of which forteen thousand are manufactured internally, at its fully verticalized production facilities.

SBE-Varvit SpA (MIL:VARV) Headlines

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