Eni SpA (WBO:ENI) Change In Inventory : €211 Mil (TTM As of Mar. 2024)

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What is Eni SpA Change In Inventory?

Eni SpA's change in inventory for the quarter that ended in Mar. 2024 was €16 Mil. It means Eni SpA's inventory declined by €16 Mil from Dec. 2023 to Mar. 2024 .

Eni SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €1,792 Mil. It means Eni SpA's inventory declined by €1,792 Mil from Dec. 2022 to Dec. 2023 .

Eni SpA's Total Inventories for the quarter that ended in Mar. 2024 was €6,283 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eni SpA's Days Inventory for the quarter that ended in Mar. 2024 was 29.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eni SpA's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.10.

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. Eni SpA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Eni SpA Change In Inventory Historical Data

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

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-200.00

1,054.00

-2,033.00

-2,528.00

1,792.00

Eni 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															1,597.00	466.00	-1,025.00	754.00	16.00

Eni 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 €211 Mil.

Eni SpA (WBO:ENI) Change In Inventory Explanation

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

Eni 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
	=	6234.5	/	19319	*	365 / 4
	=	29.45

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19319	/	6234.5
	=	3.10

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6234.5	/	22936
	=	0.27

Eni SpA Change In Inventory Related Terms

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Eni SpA (WBO:ENI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (WBO:ENI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

EIPAF:USA E:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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