Buzzi Spa (FRA:UCM) Inventory Turnover : 1.02 (As of Dec. 2023)

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What is Buzzi 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. Buzzi Spa's Cost of Goods Sold for the six months ended in Dec. 2023 was €739 Mil. Buzzi Spa's Average Total Inventories for the quarter that ended in Dec. 2023 was €721 Mil. Buzzi Spa's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Buzzi Spa's Days Inventory for the six months ended in Dec. 2023 was 178.28.

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. Buzzi Spa's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Buzzi Spa Inventory Turnover Historical Data

The historical data trend for Buzzi 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.

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Buzzi Spa Inventory Turnover Chart

Buzzi Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.52

2.45

2.80

2.68

2.13

Buzzi Spa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.58	1.46	1.29	1.18	1.02

Buzzi Spa Inventory Turnover Calculation

Buzzi 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 )
=	1570.065	/ (	(718.028	+	754.269)	/	2 )
=	1570.065	/	736.1485
=	2.13

Buzzi 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 )
=	738.522	/ (	(688.605	+	754.269)	/	2 )
=	738.522	/	721.437
=	1.02

Buzzi Spa (FRA:UCM) 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.

Buzzi 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
	=	721.437	/	738.522	*	365 / 2
	=	178.28

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.

Buzzi 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 )
	=	721.437	/	2167.855
	=	0.33

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.

Buzzi Spa Inventory Turnover Related Terms

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Buzzi Spa (FRA:UCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Buzzi Spa (FRA:UCM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BZZUY:USA BZZUF:USA BZU:Italy BZUm:UK 0NVQ:UK UCM:Germany

Address

Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033

Website

https://www.buzziunicem.com

Buzzi Spa manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from the United States of America.

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