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Fiera Milano SpA (MIL:FM) Days Inventory : 17.57 (As of Sep. 2024)


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What is Fiera Milano SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fiera Milano SpA's Average Total Inventories for the three months ended in Sep. 2024 was €4.2 Mil. Fiera Milano SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €21.9 Mil. Hence, Fiera Milano SpA's Days Inventory for the three months ended in Sep. 2024 was 17.57.

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

MIL:FM' s Days Inventory Range Over the Past 10 Years
Min: 5.46   Med: 8.43   Max: 29.84
Current: 11.84

During the past 13 years, Fiera Milano SpA's highest Days Inventory was 29.84. The lowest was 5.46. And the median was 8.43.

MIL:FM's Days Inventory is ranked better than
65.67% of 670 companies
in the Business Services industry
Industry Median: 28.49 vs MIL:FM: 11.84

Fiera Milano SpA's Days Inventory declined from Sep. 2023 (27.64) to Sep. 2024 (17.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fiera Milano SpA's Inventory Turnover for the three months ended in Sep. 2024 was 5.19.

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. Fiera Milano SpA's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.10.


Fiera Milano SpA Days Inventory Historical Data

The historical data trend for Fiera Milano 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.

Fiera Milano SpA Days Inventory Chart

Fiera Milano SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.37 29.84 21.92 10.13 7.08

Fiera Milano SpA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.64 10.20 7.10 8.55 17.57

Competitive Comparison of Fiera Milano SpA's Days Inventory

For the Specialty Business Services subindustry, Fiera Milano 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.


Fiera Milano SpA's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fiera Milano SpA's Days Inventory distribution charts can be found below:

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



Fiera Milano SpA Days Inventory Calculation

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

Fiera Milano 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
=( (3.144 + 2.258) / 2 ) / 139.311*365
=2.701 / 139.311*365
=7.08

Fiera Milano SpA's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (3.332 + 5.085) / 2 ) / 21.854*365 / 4
=4.2085 / 21.854*365 / 4
=17.57

* 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.


Fiera Milano SpA  (MIL:FM) 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.

Fiera Milano SpA's Inventory Turnover for the three months ended in Sep. 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.

Fiera Milano SpA's Inventory to Revenue for the three months ended in Sep. 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.


Fiera Milano SpA Days Inventory Related Terms

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


Fiera Milano SpA Business Description

Traded in Other Exchanges
Address
Strada Statale del Sempione, Rho, Milan, ITA, 28-20017
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, and Congresses. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions.