The historical rank and industry rank for Zignago Vetro SpA's Days Inventory or its related term are showing as below:
FRA:ZVB'
s Days Inventory Range Over the Past 10 Years
Min: 128.08 Med: 179.98 Max: 202.75
Current: 169.75
During the past 13 years, Zignago Vetro SpA's highest Days Inventory was 202.75. The lowest was 128.08. And the median was 179.98.
FRA:ZVB's Days Inventory is ranked worse than 88.83% of 367
companies
in the Packaging & Containers industry
Industry Median: 77.89
vs FRA:ZVB: 169.75
Zignago Vetro SpA's Days Inventory
increased
from Mar. 2023 (120.85) to Mar. 2024 (188.00).
It might indicate that Zignago Vetro SpA's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zignago Vetro SpA's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.49.
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.
Zignago Vetro SpA's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.28.
Zignago Vetro SpA Days Inventory Historical Data
The historical data trend for Zignago Vetro 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.
Competitive Comparison of Zignago Vetro SpA's Days Inventory
For the Packaging & Containers subindustry, Zignago Vetro 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.
Zignago Vetro SpA's Days Inventory Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Zignago Vetro SpA's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zignago Vetro SpA's Days Inventory falls into.
Zignago Vetro SpA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zignago Vetro SpA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Zignago Vetro SpA (FRA:ZVB) 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.
Zignago Vetro SpA's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Zignago Vetro SpA's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Zignago Vetro SpA Days Inventory Related Terms
Thank you for viewing the detailed overview of Zignago Vetro SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.
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