OVS SpA (MIL:OVS) Days Inventory : 280.70 (As of Jul. 2023)

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What is OVS SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OVS SpA's Average Total Inventories for the six months ended in Jul. 2023 was €481 Mil. OVS SpA's Cost of Goods Sold for the six months ended in Jul. 2023 was €313 Mil. Hence, OVS SpA's Days Inventory for the six months ended in Jul. 2023 was 280.70.

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

MIL:OVS' s Days Inventory Range Over the Past 10 Years
Min: 182.87 Med: 224.89 Max: 344.04
Current: 255.16

During the past 12 years, OVS SpA's highest Days Inventory was 344.04. The lowest was 182.87. And the median was 224.89.

MIL:OVS's Days Inventory is ranked worse than
83.18% of 1011 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.68 vs MIL:OVS: 255.16

OVS SpA's Days Inventory increased from Jul. 2022 (260.83) to Jul. 2023 (280.70). It might indicate that OVS SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. OVS SpA's Inventory Turnover for the six months ended in Jul. 2023 was 0.65.

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. OVS SpA's Inventory-to-Revenue for the six months ended in Jul. 2023 was 0.62.

OVS SpA Days Inventory Historical Data

The historical data trend for OVS 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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OVS SpA Days Inventory Chart

OVS SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Inventory

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218.43

237.92

326.61

250.36

231.34

OVS SpA Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Days Inventory	Get a 7-Day Free Trial															305.38	213.30	260.83	232.79	280.70

Competitive Comparison of OVS SpA's Days Inventory

For the Apparel Manufacturing subindustry, OVS 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.

OVS SpA's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, OVS SpA's Days Inventory distribution charts can be found below:

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

OVS SpA Days Inventory Calculation

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

OVS SpA's Days Inventory for the fiscal year that ended in Jan. 2023 is calculated as

	Days Inventory (A: Jan. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (389.849	+	477.635)	/	2 )	/	684.34	*	365
=	433.742					/	684.34	*	365
=	231.34

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

	Days Inventory (Q: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jan. 2023 )	+	Total Inventories (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (477.635	+	484.247)	/	2 )	/	312.691	*	365 / 2
=	480.941					/	312.691	*	365 / 2
=	280.70

OVS SpA (MIL:OVS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	312.691	/	480.941
	=	0.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	480.941	/	770.546
	=	0.62

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.

OVS SpA Days Inventory Related Terms

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

OVS SpA (MIL:OVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » OVS SpA (MIL:OVS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OVSm:UK 0R5R:UK 0OV1:Germany

Address

Via Terraglio 17, Venice - Mestre, ITA, 30174

Website

http://www.ovscorporate.it

OVS SpA is an Italian fashion retailer. The company develops and markets menswear, womenswear and children's wear. Its operating segment includes OVS, UPIM and Sempione Fashion. OVS segment offers stylish and high-quality clothing at competitive prices focusing on the latest trends and fashion. Its UPIM segment offers women's, men's and children's clothing products, homeware and fragrance, The company generates maximum revenue from the OVS segment. Geographically, it has a presence in Italy, Bangladesh, China, Hong Kong, India, Pakistan, Turkey, Spain, Croatia, and Serbia.