CIR SpA (MIL:CIR) Inventory-to-Revenue : 0.12 (As of Jun. 2024)

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What is CIR SpA Inventory-to-Revenue?

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. CIR SpA's Average Total Inventories for the quarter that ended in Jun. 2024 was €115 Mil. CIR SpA's Revenue for the six months ended in Jun. 2024 was €928 Mil. CIR SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.12.

CIR SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 increased from Dec. 2023 (0.10) to Dec. 2023 (0.12)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CIR SpA's Days Inventory for the six months ended in Jun. 2024 was 45.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. CIR SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.02.

CIR SpA Inventory-to-Revenue Historical Data

The historical data trend for CIR SpA's Inventory-to-Revenue 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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CIR SpA Inventory-to-Revenue Chart

CIR SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.06

CIR SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory-to-Revenue	Get a 7-Day Free Trial															0.12	0.12	0.15	0.10	0.12

Competitive Comparison of CIR SpA's Inventory-to-Revenue

For the Auto Parts subindustry, CIR SpA's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

CIR SpA's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CIR SpA's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where CIR SpA's Inventory-to-Revenue falls into.

CIR SpA Inventory-to-Revenue Calculation

CIR SpA's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (134.952	+	143.346)	/	2 )	/	2379.836
=	139.149					/	2379.836
=	0.06

CIR SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

	Inventory-to-Revenue (Q: Jun. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Revenue (Q: Jun. 2024 )
=	( (143.346	+	87.632)	/	2 )	/	928.182
=	115.489					/	928.182
=	0.12

CIR SpA (MIL:CIR) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

CIR SpA's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	115.489	/	463.957	*	365 / 2
	=	45.43

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

CIR SpA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	463.957	/	115.489
	=	4.02

CIR SpA Inventory-to-Revenue Related Terms

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CIR SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIR SpA (MIL:CIR) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

0ONR:UK BN7:Germany

Address

Via Durini 9, Milan, ITA, 20122

Website

https://www.cirgroup.it

CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia. The company operates through four distinct segments which are Care Homes, which encompasses operations in Italy under the Anni Azzurri brand and in Germany under the Charleston brand; Rehabilitation, Psychiatric Care, and Non-Residential Care; and the Acute Care segment. It generates majority of the revenue from Care Homes segment.