Piovan SpA (CHIX:PVNM) Inventory Turnover : 1.07 (As of Dec. 2024)

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What is Piovan 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. Piovan SpA's Cost of Goods Sold for the three months ended in Dec. 2024 was €93.5 Mil. Piovan SpA's Average Total Inventories for the quarter that ended in Dec. 2024 was €87.5 Mil. Piovan SpA's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Piovan SpA's Days Inventory for the three months ended in Dec. 2024 was 85.44.

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. Piovan SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.58.

Piovan SpA Inventory Turnover Historical Data

The historical data trend for Piovan 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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Piovan SpA Inventory Turnover Chart

Piovan SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.99

4.30

5.13

4.06

Piovan SpA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.97	0.97	1.04	0.95	1.07

Piovan SpA Inventory Turnover Calculation

Piovan SpA's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	352.951	/ (	(85.341	+	88.425)	/	2 )
=	352.951	/	86.883
=	4.06

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

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	93.49	/ (	(86.647	+	88.425)	/	2 )
=	93.49	/	87.536
=	1.07

Piovan SpA (CHIX:PVNm) 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.

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

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	87.536	/	93.49	*	365 / 4
	=	85.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	87.536	/	152.085
	=	0.58

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.

Piovan SpA Inventory Turnover Related Terms

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Piovan SpA Business Description

Industry

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Address

Via delle Industrie, 16, Santa Maria di Sala, Venice, ITA, 30036

Website

https://www.piovan.com

Piovan SpA is an Italy-based company engaged in supplying ancillary equipment, engineered solutions, and services to the plastics industry. The company provides various products for feeding and conveying, drying and dehumidifying, granulation, temperature control, and process water cooling. It also offers services including installation and start-up of the system and related spare parts. The company's business segments are; Technical Polymers which generates the majority of its revenue, Food & Industrial Applications, and Services. Geographically, the company derives maximum revenue from North America and the rest from Asia, EMEA, and South America.

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