ErreDue SpA (MIL:RDUE) Days Inventory : 284.57 (As of Dec. 2023)

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What is ErreDue SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ErreDue SpA's Average Total Inventories for the six months ended in Dec. 2023 was €5.57 Mil. ErreDue SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €3.58 Mil. Hence, ErreDue SpA's Days Inventory for the six months ended in Dec. 2023 was 284.57.

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

MIL:RDUE' s Days Inventory Range Over the Past 10 Years
Min: 203.26 Med: 220.59 Max: 302.66
Current: 264.29

During the past 5 years, ErreDue SpA's highest Days Inventory was 302.66. The lowest was 203.26. And the median was 220.59.

MIL:RDUE's Days Inventory is ranked worse than
85.94% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs MIL:RDUE: 264.29

ErreDue SpA's Days Inventory increased from Dec. 2022 (207.01) to Dec. 2023 (284.57). It might indicate that ErreDue SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ErreDue SpA's Inventory Turnover for the six months ended in Dec. 2023 was 0.64.

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. ErreDue SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.64.

ErreDue SpA Days Inventory Historical Data

The historical data trend for ErreDue 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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ErreDue SpA Days Inventory Chart

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

302.66

220.59

203.26

203.78

248.67

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			187.16	233.16	207.01	258.26	284.57

Competitive Comparison of ErreDue SpA's Days Inventory

For the Specialty Industrial Machinery subindustry, ErreDue 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.

ErreDue SpA's Days Inventory Distribution in the Industrial Products Industry

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

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

ErreDue SpA Days Inventory Calculation

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

ErreDue 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
=	( (3.629	+	5.642)	/	2 )	/	6.804	*	365
=	4.6355					/	6.804	*	365
=	248.67

ErreDue 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.507	+	5.642)	/	2 )	/	3.575	*	365 / 2
=	5.5745					/	3.575	*	365 / 2
=	284.57

ErreDue SpA (MIL:RDUE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.575	/	5.5745
	=	0.64

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.5745	/	8.643
	=	0.64

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.

ErreDue SpA Days Inventory Related Terms

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

ErreDue SpA (MIL:RDUE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

ErreDue SpA (MIL:RDUE) Headlines

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