VNE SpA (MIL:VNE) Days Inventory : 107.34 (As of Dec. 2022)

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What is VNE SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). VNE SpA's Average Total Inventories for the six months ended in Dec. 2022 was €2.96 Mil. VNE SpA's Cost of Goods Sold for the six months ended in Dec. 2022 was €10.08 Mil. Hence, VNE SpA's Days Inventory for the six months ended in Dec. 2022 was 53.67.

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

MIL:VNE' s Days Inventory Range Over the Past 10 Years
Min: 107.34 Med: 107.34 Max: 107.34
Current: 107.34

During the past 2 years, VNE SpA's highest Days Inventory was 107.34. The lowest was 107.34. And the median was 107.34.

MIL:VNE's Days Inventory is ranked better than
56.82% of 2911 companies
in the Industrial Products industry
Industry Median: 120.59 vs MIL:VNE: 107.34

VNE SpA's Days Inventory increased from . 20 (0.00) to Dec. 2022 (107.34). It might indicate that VNE 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. VNE SpA's Inventory Turnover for the six months ended in Dec. 2022 was 3.40.

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. VNE SpA's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.20.

VNE SpA Days Inventory Historical Data

The historical data trend for VNE 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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VNE SpA Days Inventory Chart

VNE SpA Annual Data

Trend

Dec21

Dec22

Days Inventory

107.34

VNE SpA Semi-Annual Data
	Dec21	Dec22
Days Inventory	-	107.34

Competitive Comparison of VNE SpA's Days Inventory

For the Specialty Industrial Machinery subindustry, VNE 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.

VNE SpA's Days Inventory Distribution in the Industrial Products Industry

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

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

VNE SpA Days Inventory Calculation

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

VNE 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
=	( (2.627	+	3.299)	/	2 )	/	10.075	*	365
=	2.963					/	10.075	*	365
=	107.34

VNE SpA's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (2.627	+	3.299)	/	2 )	/	10.075	*	365 / 2
=	2.963					/	10.075	*	365 / 2
=	53.67

VNE SpA (MIL:VNE) 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.

VNE SpA's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.075	/	2.963
	=	3.40

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.

VNE SpA's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.963	/	14.573
	=	0.20

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.

VNE SpA Days Inventory Related Terms

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

VNE SpA (MIL:VNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » VNE SpA (MIL:VNE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047

Website

https://www.vne.it

VNE SpA produces hardware and software for the management of banknotes, coins and more generally payments and transactions through cash and cashless systems, offering a wide range of customized products and boasting a production of over 7,000 machines a year. It creates, samples and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket and wherever there is a need to manage payments or automated transactions.