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Sicily By Car SpA (FRA:5LC) Inventory Turnover : 386.88 (As of Dec. 2023)


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What is Sicily By Car 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. Sicily By Car SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €68.1 Mil. Sicily By Car SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.2 Mil. Sicily By Car SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 386.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sicily By Car SpA's Days Inventory for the six months ended in Dec. 2023 was 0.47.

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. Sicily By Car SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Sicily By Car SpA Inventory Turnover Historical Data

The historical data trend for Sicily By Car 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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Sicily By Car SpA Inventory Turnover Chart

Sicily By Car SpA Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
39.32 494.44 365.92

Sicily By Car SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover - 28.32 343.45 16.35 386.88

Sicily By Car SpA Inventory Turnover Calculation

Sicily By Car 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 )
=71.171 / ((0.207 + 0.182) / 2 )
=71.171 / 0.1945
=365.92

Sicily By Car SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=68.09 / ((0.17 + 0.182) / 2 )
=68.09 / 0.176
=386.88

* 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.

Sicily By Car SpA  (FRA:5LC) 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.

Sicily By Car SpA's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.176/68.09*365 / 2
=0.47

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.

Sicily By Car SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.176 / 66.83
=0.00

* 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.

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.

Sicily By Car SpA Inventory Turnover Related Terms

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Sicily By Car SpA (FRA:5LC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (FRA:5LC) » Definitions » Inventory Turnover
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Traded in Other Exchanges
SBC:Italy
Address
Via Galileo Galilei, 10H, Bolzano, ITA, 39100
Website
https://www.sicilybycar.it
Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

Sicily By Car SpA (FRA:5LC) Headlines

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