Avio SpA (MIL:AVIO) Days Inventory : 0.00 (As of Dec. 2023)

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What is Avio SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avio SpA's Average Total Inventories for the six months ended in Dec. 2023 was €109.14 Mil. Avio SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €-27.11 Mil.

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

During the past 10 years, Avio SpA's highest Days Inventory was 29442.14. The lowest was 30.75. And the median was 68.73.

MIL:AVIO's Days Inventory is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 139.54
* Ranked among companies with meaningful Days Inventory only.

Avio SpA's Days Inventory declined from Dec. 2022 (326.28) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Avio SpA's Inventory Turnover for the six months ended in Dec. 2023 was -0.25.

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. Avio SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 3.23.

Avio SpA Days Inventory Historical Data

The historical data trend for Avio 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.

* Premium members only.

Avio SpA Days Inventory Chart

Avio SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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68.73

168.54

30.75

29,442.14

Avio SpA Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial													18.34	-	326.28	-	-

Competitive Comparison of Avio SpA's Days Inventory

For the Aerospace & Defense subindustry, Avio 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.

Avio SpA's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Avio SpA's Days Inventory distribution charts can be found below:

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

Avio SpA Days Inventory Calculation

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

Avio 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
=	( (74.221	+	123.121)	/	2 )	/	-75.278	*	365
=	98.671					/	-75.278	*	365
=	N/A

Avio 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (95.15	+	123.121)	/	2 )	/	-27.109	*	365 / 2
=	109.1355					/	-27.109	*	365 / 2
=	N/A

Avio SpA (MIL:AVIO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-27.109	/	109.1355
	=	-0.25

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	109.1355	/	33.74
	=	3.23

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.

Avio SpA Days Inventory Related Terms

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

Avio SpA (MIL:AVIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Avio SpA (MIL:AVIO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0R9S:UK 2ZP:Germany

Address

Via Latina, snc (SP 600 Ariana Km 5,2), Colleferro, Rome, ITA, 00034

Website

https://www.avio.com

Avio SpA is an international group engaged in the construction and development of space launchers, solid and liquid propulsion systems for space travel. The firm is a prime contractor for the Vega program and a sub-contractor for the Ariane program, both financed by the European Space Agency (ESA), placing Italy among the limited number of countries capable of producing a complete spacecraft.

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