ELSA Solutions SpA (MIL:ELSA) Change In Inventory : €-0.66 Mil (TTM As of Dec. 2023)

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What is ELSA Solutions SpA Change In Inventory?

ELSA Solutions SpA's change in inventory for the quarter that ended in Dec. 2023 was €-0.66 Mil. It means ELSA Solutions SpA's inventory increased by €0.66 Mil from Dec. 2022 to Dec. 2023 .

ELSA Solutions SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €-0.66 Mil. It means ELSA Solutions SpA's inventory increased by €0.66 Mil from Dec. 2022 to Dec. 2023 .

ELSA Solutions SpA's Total Inventories for the quarter that ended in Dec. 2023 was €7.22 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ELSA Solutions SpA's Days Inventory for the quarter that ended in Dec. 2023 was 84.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. ELSA Solutions SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.16.

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. ELSA Solutions SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

ELSA Solutions SpA Change In Inventory Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA Change In Inventory Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-1.64

-2.88

-0.66

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Change In Inventory	-1.64	-2.88	-0.66

ELSA Solutions SpA Change In Inventory Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.66 Mil.

ELSA Solutions SpA (MIL:ELSA) Change In Inventory Explanation

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

ELSA Solutions 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
	=	6.806	/	14.682	*	365 / 2
	=	84.60

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

ELSA Solutions SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.682	/	6.806
	=	2.16

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.

ELSA Solutions SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.806	/	19.276
	=	0.35

ELSA Solutions SpA Change In Inventory Related Terms

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ELSA Solutions SpA (MIL:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (MIL:ELSA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

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