Cofle SpA (MIL:CFL) Days Inventory : 148.30 (As of Dec. 2023)

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What is Cofle SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cofle SpA's Average Total Inventories for the six months ended in Dec. 2023 was €14.14 Mil. Cofle SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €17.41 Mil. Hence, Cofle SpA's Days Inventory for the six months ended in Dec. 2023 was 148.30.

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

MIL:CFL' s Days Inventory Range Over the Past 10 Years
Min: 119.88 Med: 145.13 Max: 150.88
Current: 144.07

During the past 5 years, Cofle SpA's highest Days Inventory was 150.88. The lowest was 119.88. And the median was 145.13.

MIL:CFL's Days Inventory is ranked worse than
82.07% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 80.85 vs MIL:CFL: 144.07

Cofle SpA's Days Inventory increased from Dec. 2022 (146.55) to Dec. 2023 (148.30). It might indicate that Cofle SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cofle SpA's Inventory Turnover for the six months ended in Dec. 2023 was 1.23.

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. Cofle SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.44.

Cofle SpA Days Inventory Historical Data

The historical data trend for Cofle 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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Cofle SpA Days Inventory Chart

Cofle SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

145.13

149.17

119.88

138.17

150.88

Cofle SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				130.60	132.32	146.55	133.21	148.30

Competitive Comparison of Cofle SpA's Days Inventory

For the Auto Parts subindustry, Cofle 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.

Cofle SpA's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cofle SpA's Days Inventory distribution charts can be found below:

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

Cofle SpA Days Inventory Calculation

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

Cofle 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
=	( (13.385	+	15.708)	/	2 )	/	35.19	*	365
=	14.5465					/	35.19	*	365
=	150.88

Cofle 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
=	( (12.578	+	15.708)	/	2 )	/	17.405	*	365 / 2
=	14.143					/	17.405	*	365 / 2
=	148.30

Cofle SpA (MIL:CFL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.405	/	14.143
	=	1.23

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.143	/	31.907
	=	0.44

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.

Cofle SpA Days Inventory Related Terms

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

Cofle SpA (MIL:CFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cofle SpA (MIL:CFL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

Y9A:Germany

Address

Via del Ghezzo, 54, Trezzo sullAdda, ITA, 20056

Website

https://www.cofle.com

Cofle SpA designs, produces and sells worldwide control cables and remote control systems for the off-road vehicle, automotive, and automotive after-market sectors. It has two divisions: the Original Equipment Manufacturer (OEM) division through which it manufactures a wide range of highly customized products for customers who install the components on the products sold: through its products, the group deals with customers operating in the agricultural sector, earth-moving and commercial vehicles, and the premium automotive sector; and the After Market (AM) division which manufactures Cofle-branded components such as control cables, brake hoses or EPBs with the same quality as the original for the automotive sector.

Cofle SpA (MIL:CFL) Headlines

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