Days Inventory is also known as Days Sales of Inventory (DSI). IRCE SpA's Average Total Inventories for the
three
months ended in Dec. 2023 was €97.2 Mil. IRCE SpA's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €77.9 Mil.
Hence, IRCE SpA's Days Inventory for the
three
months ended in Dec. 2023 was 113.88.
The historical rank and industry rank for IRCE SpA's Days Inventory or its related term are showing as below:
MIL:IRC'
s Days Inventory Range Over the Past 10 Years
Min: 82.12 Med: 106.25 Max: 118.78
Current: 114.92
During the past 13 years, IRCE SpA's highest Days Inventory was 118.78. The lowest was 82.12. And the median was 106.25.
MIL:IRC's Days Inventory is ranked better than 52.73% of 2907
companies
in the Industrial Products industry
Industry Median: 119.85
vs MIL:IRC: 114.92
IRCE SpA's Days Inventory
declined
from Dec. 2022 (140.47) to Dec. 2023 (113.88).
Inventory Turnover measures how fast the company turns over its inventory within a year.
IRCE SpA's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.80.
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.
IRCE SpA's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.06.
IRCE SpA Days Inventory Historical Data
The historical data trend for IRCE 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.
Competitive Comparison of IRCE SpA's Days Inventory
For the Electrical Equipment & Parts subindustry, IRCE 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.
IRCE SpA's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, IRCE SpA's Days Inventory distribution charts can be found below:
* The bar in red indicates where IRCE SpA's Days Inventory falls into.
IRCE SpA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IRCE SpA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
IRCE SpA (MIL:IRC) 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.
IRCE SpA's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
IRCE SpA's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
IRCE SpA Days Inventory Related Terms
Thank you for viewing the detailed overview of IRCE SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
IRCE SpA is an Italy-based company engaged in the manufacturing of its core activities through its segments namely the Winding wires segment and Cables segment. The Winding wire segment consists of the manufacturing of electric motors and generators, transformers, relays, and solenoid valves whereas the Cable segment includes energy and data cables that are supplied to industries like construction, civil and industrial engineering, and electoral devices for consumable durable goods. It generates the majority of its revenue from the winding wires segment. The company products include Enamelled copper and aluminum round wire, Copper and aluminum rectangular wire, Medium Voltage Cables, and others. The company's geographical segments are Italy, the European Union, and Non-European Union.
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