Iren SpA (MIL:IRE) Change In Inventory : €3 Mil (TTM As of Mar. 2024)

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What is Iren SpA Change In Inventory?

Iren SpA's change in inventory for the quarter that ended in Mar. 2024 was €-4 Mil. It means Iren SpA's inventory increased by €4 Mil from Dec. 2023 to Mar. 2024 .

Iren SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €66 Mil. It means Iren SpA's inventory declined by €66 Mil from Dec. 2022 to Dec. 2023 .

Iren SpA's Total Inventories for the quarter that ended in Mar. 2024 was €78 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iren SpA's Days Inventory for the quarter that ended in Mar. 2024 was 6.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iren SpA's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.18.

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

Iren SpA Change In Inventory Historical Data

The historical data trend for Iren 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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Iren SpA Change In Inventory Chart

Iren SpA Annual Data

Trend

Dec14

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Dec23

Change In Inventory

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2.86

13.29

-48.57

-25.75

65.52

Iren 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															58.11	7.44	-3.36	3.32	-4.24

Iren 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 €3 Mil.

Iren SpA (MIL:IRE) Change In Inventory Explanation

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

Iren 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
	=	75.9525	/	1000.985	*	365 / 4
	=	6.92

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1000.985	/	75.9525
	=	13.18

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	75.9525	/	1542.947
	=	0.05

Iren SpA Change In Inventory Related Terms

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Iren SpA (MIL:IRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Iren SpA (MIL:IRE) » Definitions » Change In Inventory

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Traded in Other Exchanges

IRDEF:USA IREm:UK 0MUN:UK TZ8:Germany

Address

Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123

Website

https://www.gruppoiren.it

Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.

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