GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comal SpA (MIL:CML) » Definitions » Inventory Turnover

Comal SpA (MIL:CML) Inventory Turnover : 0.20 (As of Dec. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Comal 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. Comal SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €19.55 Mil. Comal SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €95.53 Mil. Comal SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comal SpA's Days Inventory for the six months ended in Dec. 2023 was 891.90.

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. Comal SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.90.

Comal SpA Inventory Turnover Historical Data

The historical data trend for Comal 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.

Comal SpA Inventory Turnover Chart

Comal SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 5.55 1.33 1.58 1.59 0.42

Comal SpA Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 0.58 0.81 0.34 0.20

Comal SpA Inventory Turnover Calculation

Comal SpA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=35.843 / ((37.06 + 132.469) / 2 )
=35.843 / 84.7645
=0.42

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

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=19.548 / ((58.598 + 132.469) / 2 )
=19.548 / 95.5335
=0.20

* 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.

Comal SpA  (MIL:CML) 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.

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

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=95.5335/19.548*365 / 2
=891.90

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=95.5335 / 32.968
=2.90

* 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

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.

Comal SpA Inventory Turnover Related Terms

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

Comal SpA (MIL:CML) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comal SpA (MIL:CML) » Definitions » Inventory Turnover
Comparable Companies
MIL:VLT MIL:SIT MIL:MARP MIL:OSA MIL:RDUE MIL:ESAU MIL:ELSA MIL:ILP MIL:CLA MIL:VNE GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
9NM:Germany
Address
Via Piemonte, 15/17/19, Cologno al Serio, ITA
Website
https://www.comalgroup.com
Comal SpA provides energy-related products and services. It performs maintenance of equipment and machinery in operating plants for the production of energy from thermal sources. It is also involved in the business of green energy. Some of its products include Sun Hunter Tracker and Shelter.

Comal SpA (MIL:CML) Headlines

No Headlines