Fos SpA (MIL:FOS) Days Inventory : 36.32 (As of Jun. 2024)

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What is Fos SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fos SpA's Average Total Inventories for the six months ended in Jun. 2024 was €0.93 Mil. Fos SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €4.68 Mil. Hence, Fos SpA's Days Inventory for the six months ended in Jun. 2024 was 36.32.

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

MIL:FOS' s Days Inventory Range Over the Past 10 Years
Min: 14.11 Med: 22.93 Max: 37.43
Current: 28.64

During the past 8 years, Fos SpA's highest Days Inventory was 37.43. The lowest was 14.11. And the median was 22.93.

MIL:FOS's Days Inventory is ranked worse than
56.7% of 1596 companies
in the Software industry
Industry Median: 20.425 vs MIL:FOS: 28.64

Fos SpA's Days Inventory declined from Jun. 2023 (61.56) to Jun. 2024 (36.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fos SpA's Inventory Turnover for the six months ended in Jun. 2024 was 5.03.

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. Fos SpA's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.08.

Fos SpA Days Inventory Historical Data

The historical data trend for Fos 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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Fos SpA Days Inventory Chart

Fos SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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14.11

24.69

34.75

37.43

29.17

Fos SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial										32.33	61.56	47.91	36.32	23.65

Competitive Comparison of Fos SpA's Days Inventory

For the Information Technology Services subindustry, Fos 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.

Fos SpA's Days Inventory Distribution in the Software Industry

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

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

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Fos SpA Days Inventory Calculation

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

Fos 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
=	( (0.977	+	0.914)	/	2 )	/	9.221	*	365
=	0.9455					/	9.221	*	365
=	37.43

Fos SpA's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.914	+	0.947)	/	2 )	/	4.676	*	365 / 2
=	0.9305					/	4.676	*	365 / 2
=	36.32

Fos SpA (MIL:FOS) 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.

Fos SpA's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.676	/	0.9305
	=	5.03

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.

Fos SpA's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9305	/	11.907
	=	0.08

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.

Fos SpA Days Inventory Related Terms

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

Fos SpA Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Porlezza 16, Milan, ITA, 20100

Website

https://www.gruppofos.it

Fos SpA is an Italian technological industry offering services of system integration and software development, applicative and infrastructural outsourcing, research activities, development and prototyping of technological solutions, and services for telecommunications. The company's services are provided both in a service mode for the maintenance of systems and new developments at the customer's premises and through the design and realization of tailored on demand solutions (software applications, db and systemic assistance, cyber security, cloud computing, digital workspace and hardware supply).

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