Circle SpA (MIL:CIRC) Days Inventory : 1.76 (As of Jun. 2023)

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What is Circle SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Circle SpA's Average Total Inventories for the six months ended in Jun. 2023 was €0.04 Mil. Circle SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €4.19 Mil. Hence, Circle SpA's Days Inventory for the six months ended in Jun. 2023 was 1.76.

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

MIL:CIRC' s Days Inventory Range Over the Past 10 Years
Min: 1.67 Med: 3.76 Max: 7.93
Current: 1.67

During the past 9 years, Circle SpA's highest Days Inventory was 7.93. The lowest was 1.67. And the median was 3.76.

MIL:CIRC's Days Inventory is ranked better than
83.16% of 1562 companies
in the Software industry
Industry Median: 19.265 vs MIL:CIRC: 1.67

Circle SpA's Days Inventory declined from Jun. 2022 (2.63) to Jun. 2023 (1.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Circle SpA's Inventory Turnover for the six months ended in Jun. 2023 was 103.53.

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. Circle SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.01.

Circle SpA Days Inventory Historical Data

The historical data trend for Circle 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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Circle SpA Days Inventory Chart

Circle SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.86

3.42

3.65

2.49

1.72

Circle SpA Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										2.66	2.63	2.12	1.76	1.54

Competitive Comparison of Circle SpA's Days Inventory

For the Information Technology Services subindustry, Circle 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.

Circle SpA's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Circle SpA's Days Inventory distribution charts can be found below:

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

Circle SpA Days Inventory Calculation

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

Circle SpA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.053	+	0.043)	/	2 )	/	7.028	*	365
=	0.048					/	7.028	*	365
=	2.49

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

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.043	+	0.038)	/	2 )	/	4.193	*	365 / 2
=	0.0405					/	4.193	*	365 / 2
=	1.76

Circle SpA (MIL:CIRC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.193	/	0.0405
	=	103.53

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0405	/	6.003
	=	0.01

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.

Circle SpA Days Inventory Related Terms

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

Circle SpA (MIL:CIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Circle SpA (MIL:CIRC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Bombrini 13/3, Genova, ITA, 16149

Website

https://www.circletouch.eu

Circle SpA is a consultancy company providing process and management consulting services, technological solutions and digital marketing solutions for transport and logistics sector. The company is specialized in the development of automation processes for ports, dry ports, logistics platforms and intermodal operators through Milos-an innovative modular software for the optimization of transport of containers, trailers, vehicles and each type of goods along the supply chain.

Circle SpA (MIL:CIRC) Headlines

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