Estrima SpA (MIL:BIRO) Inventory Turnover : 1.97 (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Estrima 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. Estrima SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €19.68 Mil. Estrima SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €10.00 Mil. Estrima SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Estrima SpA's Days Inventory for the six months ended in Jun. 2023 was 92.71.

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. Estrima SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.44.

Estrima SpA Inventory Turnover Historical Data

The historical data trend for Estrima 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.

* Premium members only.

Estrima SpA Inventory Turnover Chart

Estrima SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

2.89

1.78

1.42

3.79

Estrima SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial			1.53	-0.06	2.09	1.79	1.97

Estrima SpA Inventory Turnover Calculation

Estrima SpA's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	33.328	/ (	(7.418	+	10.171)	/	2 )
=	33.328	/	8.7945
=	3.79

Estrima SpA's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	19.681	/ (	(10.171	+	9.824)	/	2 )
=	19.681	/	9.9975
=	1.97

Estrima SpA (MIL:BIRO) 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.

Estrima SpA's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	9.9975	/	19.681	*	365 / 2
	=	92.71

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.

Estrima SpA's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	9.9975	/	22.707
	=	0.44

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.

Estrima SpA Inventory Turnover Related Terms

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

Estrima SpA (MIL:BIRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Estrima SpA (MIL:BIRO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Roveredo 20/b, Pordenone, ITA, 33170

Website

https://www.estrima.com

Estrima SpA is engaged in designing, manufacturing and distribution of the small electric vehicles.

Estrima SpA (MIL:BIRO) Headlines

No Headlines