Circle SpA (MIL:CIRC) Inventory Turnover : 103.53 (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Circle SpA Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Circle SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €4.19 Mil. Circle SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.04 Mil. Circle SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 103.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Circle SpA's Days Inventory for the six months ended in Jun. 2023 was 1.76.

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. Circle SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Circle SpA Inventory Turnover Historical Data

The historical data trend for Circle SpA's Inventory Turnover 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.

Circle SpA Inventory Turnover Chart

Circle SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

94.58

106.72

100.10

146.42

212.72

Circle SpA Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										68.51	69.50	85.91	103.53	118.85

Circle SpA Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	7.028	/ (	(0.053	+	0.043)	/	2 )
=	7.028	/	0.048
=	146.42

Circle SpA's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	4.193	/ (	(0.043	+	0.038)	/	2 )
=	4.193	/	0.0405
=	103.53

Circle SpA (MIL:CIRC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Circle SpA's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.0405	/	4.193	*	365 / 2
	=	1.76

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.

Circle SpA's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.0405	/	6.003
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Circle SpA Inventory Turnover Related Terms

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

Circle SpA (MIL:CIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Circle SpA (MIL:CIRC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Bombrini 13/3, Genova, ITA, 16149

Website

https://www.circletouch.eu

Circle SpA is a consultancy company providing process and management consulting services, technological solutions and digital marketing solutions for transport and logistics sector. The company is specialized in the development of automation processes for ports, dry ports, logistics platforms and intermodal operators through Milos-an innovative modular software for the optimization of transport of containers, trailers, vehicles and each type of goods along the supply chain.

Circle SpA (MIL:CIRC) Headlines

No Headlines