RACE (Ferrari NV) Change In Inventory : $-183 Mil (TTM As of Sep. 2024)

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What is Ferrari NV Change In Inventory?

Ferrari NV's change in inventory for the quarter that ended in Sep. 2024 was $51 Mil. It means Ferrari NV's inventory declined by $51 Mil from Jun. 2024 to Sep. 2024 .

Ferrari NV's change in inventory for the fiscal year that ended in Dec. 2023 was $-338 Mil. It means Ferrari NV's inventory increased by $338 Mil from Dec. 2022 to Dec. 2023 .

Ferrari NV's Total Inventories for the quarter that ended in Sep. 2024 was $1,145 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ferrari NV's Days Inventory for the quarter that ended in Sep. 2024 was 114.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ferrari NV's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.80.

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. Ferrari NV's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.63.

Ferrari NV Change In Inventory Historical Data

The historical data trend for Ferrari NV'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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Ferrari NV Change In Inventory Chart

Ferrari NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-45.14

-82.48

-91.88

-163.02

-337.58

Ferrari NV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															1.55	-64.96	-56.86	-112.93	51.32

Ferrari NV 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-183 Mil.

Ferrari NV (NYSE:RACE) Change In Inventory Explanation

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

Ferrari NV's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1154.454	/	917.952	*	365 / 4
	=	114.76

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

Ferrari NV's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	917.952	/	1154.454
	=	0.80

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.

Ferrari NV's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1154.454	/	1825.127
	=	0.63

Ferrari NV Change In Inventory Related Terms

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Ferrari NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (NYSE:RACE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

RACEN:Mexico RACE:Italy RACEm:UK 0RDT:UK 2FE:Germany 2FE:Bulgaria RACE:Austria

Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2023, the company sold 13,663 vehicles at an average price over EUR 400,000 with more than 70% of its vehicles being sold to existing Ferrari clients. Eighty-six percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2023, the Europe, Middle East, and Africa region accounted for 48% of revenue, the Americas was 30%, mainland China, Hong Kong, and Taiwan was 10%, and the rest of Asia was 13%.