Days Inventory is also known as Days Sales of Inventory (DSI). Italgas SpA's Average Total Inventories for the
six
months ended in Jun. 2023 was €119 Mil. Italgas SpA's Cost of Goods Sold for the
six
months ended in Jun. 2023 was €516 Mil.
Hence, Italgas SpA's Days Inventory for the
six
months ended in Jun. 2023 was 42.22.
The historical rank and industry rank for Italgas SpA's Days Inventory or its related term are showing as below:
MIL:IG'
s Days Inventory Range Over the Past 10 Years
Min: 16.61 Med: 37.44 Max: 242.82
Current: 242.82
During the past 8 years, Italgas SpA's highest Days Inventory was 242.82. The lowest was 16.61. And the median was 37.44.
MIL:IG's Days Inventory is ranked worse than 97.19% of 462
companies
in the Utilities - Regulated industry
Industry Median: 22.695
vs MIL:IG: 242.82
Italgas SpA's Days Inventory
declined
from Jun. 2022 (49.78) to Jun. 2023 (42.22).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Italgas SpA's Inventory Turnover for the
six
months ended in Jun. 2023 was 4.32.
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.
Italgas SpA's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.09.
Italgas SpA Days Inventory Historical Data
The historical data trend for Italgas 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.
Competitive Comparison of Italgas SpA's Days Inventory
For the Utilities - Regulated Gas subindustry, Italgas 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.
Italgas SpA's Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Days Inventory distribution charts can be found below:
* The bar in red indicates where Italgas SpA's Days Inventory falls into.
Italgas SpA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Italgas SpA's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Italgas SpA (MIL:IG) 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.
Italgas SpA's Inventory Turnover for the
six
months ended in Jun. 2023 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.
Italgas SpA's Inventory to Revenue for the
six
months ended in Jun. 2023 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.
Italgas SpA Days Inventory Related Terms
Thank you for viewing the detailed overview of Italgas SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
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