Piovan SpA (FRA:PV0) Days Inventory : 93.82 (As of Dec. 2023)

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What is Piovan SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Piovan SpA's Average Total Inventories for the three months ended in Dec. 2023 was €88.1 Mil. Piovan SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €85.7 Mil. Hence, Piovan SpA's Days Inventory for the three months ended in Dec. 2023 was 93.82.

The historical rank and industry rank for Piovan SpA's Days Inventory or its related term are showing as below:

FRA:PV0' s Days Inventory Range Over the Past 10 Years
Min: 61.85 Med: 71.1 Max: 91.46
Current: 91.01

During the past 10 years, Piovan SpA's highest Days Inventory was 91.46. The lowest was 61.85. And the median was 71.10.

FRA:PV0's Days Inventory is ranked better than
66.78% of 2905 companies
in the Industrial Products industry
Industry Median: 119.85 vs FRA:PV0: 91.01

Piovan SpA's Days Inventory increased from Dec. 2022 (88.69) to Dec. 2023 (93.82). It might indicate that Piovan SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Piovan SpA's Inventory Turnover for the three months ended in Dec. 2023 was 0.97.

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. Piovan SpA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.

Piovan SpA Days Inventory Historical Data

The historical data trend for Piovan SpA's Days 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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Piovan SpA Days Inventory Chart

Piovan SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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75.09

91.46

84.95

71.10

89.80

Piovan SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															88.69	89.18	88.00	94.63	93.82

Competitive Comparison of Piovan SpA's Days Inventory

For the Specialty Industrial Machinery subindustry, Piovan SpA's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Piovan SpA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Piovan SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Piovan SpA's Days Inventory falls into.

Piovan SpA Days Inventory Calculation

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

Piovan SpA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (90.188	+	85.341)	/	2 )	/	356.72	*	365
=	87.7645					/	356.72	*	365
=	89.80

Piovan SpA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (90.954	+	85.341)	/	2 )	/	85.736	*	365 / 4
=	88.1475					/	85.736	*	365 / 4
=	93.82

Piovan SpA (FRA:PV0) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Piovan SpA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	85.736	/	88.1475
	=	0.97

2. 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.

Piovan SpA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	88.1475	/	144.219
	=	0.61

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Piovan SpA Days Inventory Related Terms

Thank you for viewing the detailed overview of Piovan SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Piovan SpA (FRA:PV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Piovan SpA (FRA:PV0) » Definitions » Days Inventory

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Traded in Other Exchanges

PVN:Italy

Address

Via delle Industrie, 16, Santa Maria di Sala, Venice, ITA, 30036

Website

https://www.piovan.com

Piovan SpA is an Italy based company engaged in supplying ancillary equipment, engineered solutions, and services to the plastics industry. The company provides various products for feeding and conveying, drying and dehumidifying, granulation, temperature control, and process water cooling. It also offers services including installation and start-up of the system and related spare parts.

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