ELSA Solutions SpA (MIL:ELSA) Inventory Turnover : 2.16 (As of Dec. 2023)

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What is ELSA Solutions 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. ELSA Solutions SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €14.68 Mil. ELSA Solutions SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €6.81 Mil. ELSA Solutions SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ELSA Solutions SpA's Days Inventory for the six months ended in Dec. 2023 was 84.60.

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. ELSA Solutions SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

ELSA Solutions SpA Inventory Turnover Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA Inventory Turnover Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

2.83

2.54

2.16

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Inventory Turnover	2.83	2.54	2.16

ELSA Solutions SpA Inventory Turnover Calculation

ELSA Solutions 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 )
=	14.682	/ (	(6.394	+	7.218)	/	2 )
=	14.682	/	6.806
=	2.16

ELSA Solutions 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 )
=	14.682	/ (	(6.394	+	7.218)	/	2 )
=	14.682	/	6.806
=	2.16

ELSA Solutions SpA (MIL:ELSA) 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.

ELSA Solutions 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
	=	6.806	/	14.682	*	365 / 2
	=	84.60

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.

ELSA Solutions 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 )
	=	6.806	/	19.276
	=	0.35

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.

ELSA Solutions SpA Inventory Turnover Related Terms

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ELSA Solutions SpA (MIL:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (MIL:ELSA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

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