Italgas SpA (MIL:IG) Change In Inventory

: €9 Mil (TTM As of Jun. 2023)

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Italgas SpA's change in inventory for the quarter that ended in Jun. 2023 was €2 Mil. It means Italgas SpA's inventory declined by €2 Mil from Dec. 2022 to Jun. 2023 .

Italgas SpA's change in inventory for the fiscal year that ended in Dec. 2022 was €-5 Mil. It means Italgas SpA's inventory increased by €5 Mil from Dec. 2021 to Dec. 2022 .

Italgas SpA's Total Inventories for the quarter that ended in Jun. 2023 was €118 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Italgas SpA's Days Inventory for the quarter that ended in Jun. 2023 was 42.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Italgas SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.32.

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. Italgas SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.09.

Italgas SpA Change In Inventory Historical Data

The historical data trend for Italgas SpA's Change In 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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Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-21.09

-48.89

-3.52

-4.75

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial										9.92	-11.41	6.66	2.14	-

Italgas SpA Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €9 Mil.

Italgas SpA (MIL:IG) Change In Inventory Explanation

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

Italgas SpA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	119.351	/	515.936	*	365 / 2
	=	42.22

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	515.936	/	119.351
	=	4.32

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	119.351	/	1270.742
	=	0.09

Italgas SpA Change In Inventory Related Terms

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Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Change In Inventory

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Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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