ERG SPA (MIL:ERG) Change In Inventory : €0.0 Mil (TTM As of Mar. 2024)

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What is ERG SPA Change In Inventory?

ERG SPA's change in inventory for the quarter that ended in Mar. 2024 was €0.0 Mil. It means ERG SPA's inventory stayed the same from Dec. 2023 to Mar. 2024 .

ERG SPA's change in inventory for the fiscal year that ended in Dec. 2023 was €-2.3 Mil. It means ERG SPA's inventory increased by €2.3 Mil from Dec. 2022 to Dec. 2023 .

ERG SPA's Total Inventories for the quarter that ended in Mar. 2024 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ERG SPA's Days Inventory for the quarter that ended in Mar. 2024 was 19.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. ERG SPA's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.80.

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. ERG SPA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

ERG SPA Change In Inventory Historical Data

The historical data trend for ERG 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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ERG SPA Change In Inventory Chart

ERG SPA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.65

-5.92

0.17

-0.68

-2.32

ERG SPA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

ERG SPA Change In Inventory Calculation

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

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

ERG SPA (MIL:ERG) Change In Inventory Explanation

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

ERG 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
	=	10.0095	/	48	*	365 / 4
	=	19.03

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

ERG SPA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48	/	10.0095
	=	4.80

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.

ERG SPA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.0095	/	218
	=	0.05

ERG SPA Change In Inventory Related Terms

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ERG SPA (MIL:ERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ERG SPA (MIL:ERG) » Definitions » Change In Inventory

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ERGm:UK 0MHC:UK ER9:Germany

Address

Via De Marini, 1, Torre WTC, Genoa, ITA, 16149

Website

https://www.erg.eu

ERG SPA produces electricity from clean, renewable, and sustainable sources. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew that focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Natural gas production contributes the most revenue for ERG, and is churned out from a cogeneration plant that produces electricity and steam. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.

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