IRCE SpA (MIL:IRC) Inventory Turnover : 0.80 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is IRCE 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. IRCE SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €77.9 Mil. IRCE SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €97.2 Mil. IRCE SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

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 three months ended in Dec. 2023 was 113.88.

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 quarter that ended in Dec. 2023 was 1.06.

IRCE SpA Inventory Turnover Historical Data

The historical data trend for IRCE 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.

IRCE SpA Inventory Turnover Chart

IRCE SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.07

3.22

4.44

3.66

3.31

IRCE SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.65	0.83	0.77	0.74	0.80

IRCE SpA Inventory Turnover Calculation

IRCE 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 )
=	351.462	/ (	(117.988	+	94.495)	/	2 )
=	351.462	/	106.2415
=	3.31

IRCE 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	77.911	/ (	(99.965	+	94.495)	/	2 )
=	77.911	/	97.23
=	0.80

IRCE SpA (MIL:IRC) 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.

IRCE SpA's Days Inventory for the three 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
	=	97.23	/	77.911	*	365 / 4
	=	113.88

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	97.23	/	92.06
	=	1.06

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.

IRCE SpA Inventory Turnover Related Terms

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

IRCE SpA (MIL:IRC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

IRQ:Germany

Address

Via Lasie 12/A, Imola, ITA, 40026

Website

https://www.irce.it

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.

IRCE SpA (MIL:IRC) Headlines

No Headlines