E-Globe SpA (MIL:EGB) Inventory Turnover : 5.10 (As of Dec. 2023)

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What is E-Globe 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. E-Globe SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €22.97 Mil. E-Globe SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €4.50 Mil. E-Globe SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. E-Globe SpA's Days Inventory for the six months ended in Dec. 2023 was 35.76.

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. E-Globe SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

E-Globe SpA Inventory Turnover Historical Data

The historical data trend for E-Globe 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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E-Globe SpA Inventory Turnover Chart

E-Globe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

4.32

5.73

5.10

E-Globe SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Inventory Turnover	4.32	5.73	5.10

E-Globe SpA Inventory Turnover Calculation

E-Globe 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 )
=	22.968	/ (	(3.988	+	5.013)	/	2 )
=	22.968	/	4.5005
=	5.10

E-Globe 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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	22.968	/ (	(3.988	+	5.013)	/	2 )
=	22.968	/	4.5005
=	5.10

E-Globe SpA (MIL:EGB) 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.

E-Globe 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
	=	4.5005	/	22.968	*	365 / 2
	=	35.76

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.

E-Globe 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 )
	=	4.5005	/	29.601
	=	0.15

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.

E-Globe SpA Inventory Turnover Related Terms

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E-Globe SpA (MIL:EGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » E-Globe SpA (MIL:EGB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Loc. Lipuda industrial area, Cirò Marina, ITA, 88811

Website

https://www.e-globe.it

E-Globe SpA is an Italian Based Company which designs and distributes State of the art thermo-hydraulic and conditioning systems. The Company specializes in the sale of air conditioners, fan coils, electric pumps, solar panels, boilers and stoves. The company is associated with various brands such as ABB, aquatherm, ariston, Baxi, and carrier.

E-Globe SpA (MIL:EGB) Headlines

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