Digital360 SpA (MIL:DIG) Inventory Turnover : 2.55 (As of Jun. 2023)

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What is Digital360 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. Digital360 SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €21.05 Mil. Digital360 SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €8.26 Mil. Digital360 SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digital360 SpA's Days Inventory for the six months ended in Jun. 2023 was 71.60.

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. Digital360 SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.18.

Digital360 SpA Inventory Turnover Historical Data

The historical data trend for Digital360 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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Digital360 SpA Inventory Turnover Chart

Digital360 SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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Digital360 SpA Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial									-	-	-	12,000.00	2.55

Digital360 SpA Inventory Turnover Calculation

Digital360 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 )
=	0	/ (	(0	+	12.702)	/	1 )
=	0	/	12.702
=	0.00

Digital360 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: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	21.045	/ (	(0.001	+	16.511)	/	2 )
=	21.045	/	8.256
=	2.55

Digital360 SpA (MIL:DIG) 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.

Digital360 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
	=	8.256	/	21.045	*	365 / 2
	=	71.60

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.

Digital360 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 )
	=	8.256	/	45.677
	=	0.18

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.

Digital360 SpA Inventory Turnover Related Terms

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Digital360 SpA (MIL:DIG) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digital360 SpA (MIL:DIG) » Definitions » Inventory Turnover

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Address

Via Copernico 38, Milan, ITA, 20125

Website

http://www.digital360.it

Digital360 SpA is a multi-channel platform providing editorial content, Communications and Marketing Services, lead generation, Events and Webinars and Advisory, advocacy and coaching services to companies, public authorities and technology suppliers.

Digital360 SpA (MIL:DIG) Headlines

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