Ecomembrane SpA (MIL:ECMB) Inventory Turnover : 1.87 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Ecomembrane 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. Ecomembrane SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.71 Mil. Ecomembrane SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €3.60 Mil. Ecomembrane SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ecomembrane SpA's Days Inventory for the six months ended in Dec. 2023 was 97.85.

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. Ecomembrane SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Ecomembrane SpA Inventory Turnover Historical Data

The historical data trend for Ecomembrane 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.

Ecomembrane SpA Inventory Turnover Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

3.13

3.39

3.03

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Inventory Turnover	-	-	1.19	1.87

Ecomembrane SpA Inventory Turnover Calculation

Ecomembrane 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 )
=	10.209	/ (	(2.729	+	4.011)	/	2 )
=	10.209	/	3.37
=	3.03

Ecomembrane 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 )
=	6.706	/ (	(3.18	+	4.011)	/	2 )
=	6.706	/	3.5955
=	1.87

Ecomembrane SpA (MIL:ECMB) 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.

Ecomembrane 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
	=	3.5955	/	6.706	*	365 / 2
	=	97.85

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.

Ecomembrane 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 )
	=	3.5955	/	10.962
	=	0.33

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.

Ecomembrane SpA Inventory Turnover Related Terms

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

Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

No Headlines