ENAV SpA (MIL:ENAV) Inventory Turnover: 1.97 (As of Mar. 2026)

What is ENAV SpA Inventory Turnover?

ENAV SpA MIL:ENAV -0.38% 83 Inventory Turnover is 1.97 as of Mar. 2026. GuruFocus rates MIL:ENAV with a GF Score™ of 83/100 and a GF Value™ of €4.13 (Modestly Overvalued). The stock has 5 warning signs investors should review.

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. ENAV SpA's Cost of Goods Sold for the three months ended in Mar. 2026 was €118.3 Mil. ENAV SpA's Average Total Inventories for the quarter that ended in Mar. 2026 was €59.9 Mil. ENAV SpA's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ENAV SpA's Days Inventory for the three months ended in Mar. 2026 was 46.24.

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. ENAV SpA's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.32.

ENAV SpA (MIL:ENAV) 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.

ENAV SpA's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	59.948	/	118.293	*	365 / 4
	=	46.24

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.

ENAV SpA's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	59.948	/	187.737
	=	0.32

* 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.

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.

ENAV SpA Inventory Turnover Related Terms

ENAV SpA Inventory Turnover Historical Data

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The historical data trend for ENAV SpA's Inventory Turnover can be seen below:

ENAV SpA Inventory Turnover Chart

ENAV SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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8.25

8.77

9.07

9.52

10.11

ENAV SpA Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															1.88	2.98	1.04	4.26	1.97

83GF Score

ENAV SpA MIL:ENAV

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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ENAV SpA Inventory Turnover Calculation

ENAV SpA's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	608.037	/ (	(60.473	+	59.82)	/	2 )
=	608.037	/	60.1465
=	10.11

ENAV SpA's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	118.293	/ (	(59.82	+	60.076)	/	2 )
=	118.293	/	59.948
=	1.97

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.97 mean?

ENAV SpA (MIL:ENAV) has a Inventory Turnover of 1.97 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ENAV SpA and its competitors.

Is ENAV SpA's Inventory Turnover too high?

ENAV SpA's current Inventory Turnover is 1.97. Overall, ENAV SpA has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does ENAV SpA's Inventory Turnover compare to JOBY?

ENAV SpA's Inventory Turnover of 1.97 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Transportation company?

A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ENAV SpA and its competitors. ENAV SpA's current Inventory Turnover is 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ENAV SpA stock overvalued right now?

Based on GuruFocus' analysis, ENAV SpA (MIL:ENAV) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.13, compared to a current price of €5.18 — trading 25.3% above its estimated fair value. The current Inventory Turnover is 1.97. ENAV SpA's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For ENAV SpA (MIL:ENAV), the current Inventory Turnover is 1.97 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ENAV SpA (MIL:ENAV) Overvalued in 2026?

Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued. The current stock price of €5.18 is trading 25.3% above its estimated GF Value™ of €4.13. GuruFocus considers ENAV SpA to be Modestly Overvalued.

Key valuation signals for MIL:ENAV:

Inventory Turnover: 1.97
GF Value™: €4.13 vs. price of €5.18 (25.3% above fair value)
GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the MIL:ENAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ENAV SpA Business Description

Industry Industrials Transportation

Comparable Companies MIL:TYA MIL:ADB MIL:TPS MIL:TWL XMAD:AENA BKK:AOT MEX:GAPB XPAR:ADP BOM:532754 XSWX:FHZN MEX:ASURB JOBY SHSE:600009 NZSE:AIA XTER:FRA OCSE:KBHL HSTC:ACV MEX:OMAB SGX:S58 WBO:FLU

Other Exchanges ENAVm:UK 0RIE:UK ENV:Germany

Address Via Salaria 716, Rome, ITA, 00138

Website https://www.enav.it

ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.

83GF Score

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€5.18

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€4.13

GF Value

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