Italgas SpA (MIL:IG) Total Inventories : €118 Mil (As of Jun. 2023)

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What is Italgas SpA Total Inventories?

Italgas SpA's total inventories for the quarter that ended in Jun. 2023 was €118 Mil. Italgas SpA's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was €119 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Italgas SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-9.75.

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 six months 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 Total Inventories Historical Data

The historical data trend for Italgas SpA's Total Inventories 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 Total Inventories Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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52.30

101.18

105.29

120.49

791.00

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial										105.29	116.03	120.49	118.22	791.00

Italgas SpA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Italgas SpA (MIL:IG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Italgas SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(580.91	+	0.75 * 441.806	+	0.5 * 118.216	-	8587.705
-	0	-	285.058)	/	810.745
=	-9.75

2. 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 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
	=	119.351	/	515.936	*	365 / 2
	=	42.22

3. 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 (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	515.936	/	119.351
	=	4.32

4. 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 (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	119.351	/	1270.742
	=	0.09

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Italgas SpA Total Inventories Related Terms

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Italgas SpA (MIL:IG) Business Description

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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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