Porto Aviation Group SpA (MIL:PAG) Change In Inventory : €-0.22 Mil (TTM As of Dec. 2023)

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What is Porto Aviation Group SpA Change In Inventory?

Porto Aviation Group SpA's change in inventory for the quarter that ended in Dec. 2023 was €-0.22 Mil. It means Porto Aviation Group SpA's inventory increased by €0.22 Mil from Dec. 2022 to Dec. 2023 .

Porto Aviation Group SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €-0.22 Mil. It means Porto Aviation Group SpA's inventory increased by €0.22 Mil from Dec. 2022 to Dec. 2023 .

Porto Aviation Group SpA's Total Inventories for the quarter that ended in Dec. 2023 was €1.58 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Porto Aviation Group SpA's Days Inventory for the quarter that ended in Dec. 2023 was 126.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Porto Aviation Group SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.44.

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. Porto Aviation Group SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Porto Aviation Group SpA Change In Inventory Historical Data

The historical data trend for Porto Aviation Group 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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Porto Aviation Group SpA Change In Inventory Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-0.30

0.20

-0.22

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Change In Inventory	-0.30	0.20	-0.22

Porto Aviation Group 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 €-0.22 Mil.

Porto Aviation Group SpA (MIL:PAG) Change In Inventory Explanation

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

Porto Aviation Group 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
	=	1.4915	/	2.154	*	365 / 2
	=	126.37

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

Porto Aviation Group SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.154	/	1.4915
	=	1.44

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.

Porto Aviation Group SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.4915	/	3.009
	=	0.50

Porto Aviation Group SpA Change In Inventory Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.