Hera SpA (CHIX:HERM) Inventory Turnover : 1.78 (As of Sep. 2024)

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What is Hera SpA Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hera SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €1,112 Mil. Hera SpA's Average Total Inventories for the quarter that ended in Sep. 2024 was €626 Mil. Hera SpA's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hera SpA's Days Inventory for the three months ended in Sep. 2024 was 51.35.

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. Hera SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.24.

Hera SpA Inventory Turnover Historical Data

The historical data trend for Hera SpA's Inventory Turnover 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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Hera SpA Inventory Turnover Chart

Hera SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.46

22.06

26.37

25.46

13.50

Hera SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.83	4.08	2.92	2.15	1.78

Hera SpA Inventory Turnover Calculation

Hera SpA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	10978.2	/ (	(995.1	+	631.6)	/	2 )
=	10978.2	/	813.35
=	13.50

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1111.5	/ (	(642.2	+	608.8)	/	2 )
=	1111.5	/	625.5
=	1.78

Hera SpA (CHIX:HERm) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Hera SpA's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	625.5	/	1111.5	*	365 / 4
	=	51.35

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.

Hera SpA's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	625.5	/	2650.6
	=	0.24

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hera SpA Inventory Turnover Related Terms

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Hera SpA Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hera SpA (CHIX:HERm) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HRASF:USA HER:Italy 0NVV:UK HE9:Germany

Address

Viale Carlo Berti Pichat nr. 2/4, Bologna, ITA, 40127

Website

https://www.gruppohera.it

Hera SpA is Italian energy and utilities holding company. As a holding company, Hera is a combination of public-service companies built into a single multi-utility entity. The company operates the waste management (waste management and treatment), water (aqueduct, sewerage and purification) and energy (distribution and sale of electricity, gas and energy services) sectors; it also offers services for public lighting and telecommunications. Hera operates in Italy, European Union and outside European Union, out of which majority revenue is derived from Italy.

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