TrenDevice SpA (MIL:TD) Days Inventory : 53.42 (As of Jun. 2024)

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What is TrenDevice SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TrenDevice SpA's Average Total Inventories for the six months ended in Jun. 2024 was €1.89 Mil. TrenDevice SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €6.45 Mil. Hence, TrenDevice SpA's Days Inventory for the six months ended in Jun. 2024 was 53.42.

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

MIL:TD' s Days Inventory Range Over the Past 10 Years
Min: 42.93 Med: 49.87 Max: 56.9
Current: 42.93

During the past 6 years, TrenDevice SpA's highest Days Inventory was 56.90. The lowest was 42.93. And the median was 49.87.

MIL:TD's Days Inventory is ranked better than
80.8% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 106.27 vs MIL:TD: 42.93

TrenDevice SpA's Days Inventory increased from Jun. 2023 (51.88) to Jun. 2024 (53.42). It might indicate that TrenDevice SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TrenDevice SpA's Inventory Turnover for the six months ended in Jun. 2024 was 3.42.

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. TrenDevice SpA's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.22.

TrenDevice SpA Days Inventory Historical Data

The historical data trend for TrenDevice 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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TrenDevice SpA Days Inventory Chart

TrenDevice SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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43.33

56.90

50.78

43.77

48.95

TrenDevice SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial							43.25	41.62	51.88	38.41	53.42

Competitive Comparison of TrenDevice SpA's Days Inventory

For the Specialty Retail subindustry, TrenDevice 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.

TrenDevice SpA's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TrenDevice SpA's Days Inventory distribution charts can be found below:

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

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TrenDevice SpA Days Inventory Calculation

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

TrenDevice 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
=	( (1.924	+	2.098)	/	2 )	/	14.995	*	365
=	2.011					/	14.995	*	365
=	48.95

TrenDevice 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
=	( (2.098	+	1.676)	/	2 )	/	6.447	*	365 / 2
=	1.887					/	6.447	*	365 / 2
=	53.42

TrenDevice SpA (MIL:TD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.447	/	1.887
	=	3.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.887	/	8.389
	=	0.22

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.

TrenDevice SpA Days Inventory Related Terms

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

TrenDevice SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TrenDevice SpA (MIL:TD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Niccolo Copernico 38, Milan, ITA, 20125

Website

https://www.trendevice.com

TrenDevice SpA is engaged in the refurbishing and marketing of electronic products such as computers, smartphones, tablets, smartwatches, and others. It also offers maintenance and repair services.