ELSA Solutions SpA (MIL:ELSA) Days Inventory : 169.20 (As of Dec. 2023)

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What is ELSA Solutions SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ELSA Solutions SpA's Average Total Inventories for the six months ended in Dec. 2023 was €6.81 Mil. ELSA Solutions SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €14.68 Mil. Hence, ELSA Solutions SpA's Days Inventory for the six months ended in Dec. 2023 was 84.60.

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

MIL:ELSA' s Days Inventory Range Over the Past 10 Years
Min: 128.99 Med: 143.72 Max: 169.2
Current: 169.2

During the past 3 years, ELSA Solutions SpA's highest Days Inventory was 169.20. The lowest was 128.99. And the median was 143.72.

MIL:ELSA's Days Inventory is ranked worse than
68.12% of 2911 companies
in the Industrial Products industry
Industry Median: 120.17 vs MIL:ELSA: 169.20

ELSA Solutions SpA's Days Inventory increased from Dec. 2021 (128.99) to Dec. 2023 (169.20). It might indicate that ELSA Solutions SpA's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. ELSA Solutions SpA's Inventory Turnover for the six months ended in Dec. 2023 was 2.16.

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. ELSA Solutions SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.35.

ELSA Solutions SpA Days Inventory Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA Days Inventory Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

128.99

143.72

169.20

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Days Inventory	128.99	143.72	169.20

Competitive Comparison of ELSA Solutions SpA's Days Inventory

For the Specialty Industrial Machinery subindustry, ELSA Solutions 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.

ELSA Solutions SpA's Days Inventory Distribution in the Industrial Products Industry

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

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

ELSA Solutions SpA Days Inventory Calculation

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

ELSA Solutions 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
=	( (6.394	+	7.218)	/	2 )	/	14.682	*	365
=	6.806					/	14.682	*	365
=	169.20

ELSA Solutions 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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.394	+	7.218)	/	2 )	/	14.682	*	365 / 2
=	6.806					/	14.682	*	365 / 2
=	84.60

ELSA Solutions SpA (MIL:ELSA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.682	/	6.806
	=	2.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.806	/	19.276
	=	0.35

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.

ELSA Solutions SpA Days Inventory Related Terms

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

ELSA Solutions SpA (MIL:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (MIL:ELSA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

ELSA Solutions SpA (MIL:ELSA) Headlines

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