Esi SpA (MIL:ESIGM) Inventory Turnover : 0.82 (As of Dec. 2023)

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What is Esi 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. Esi SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €18.77 Mil. Esi SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €22.86 Mil. Esi SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Esi SpA's Days Inventory for the six months ended in Dec. 2023 was 222.21.

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. Esi SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.14.

Esi SpA Inventory Turnover Historical Data

The historical data trend for Esi 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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Esi SpA Inventory Turnover Chart

Esi SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

14.86

0.37

-0.07

1.27

Esi SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				0.10	0.07	-0.08	0.39	0.82

Esi SpA Inventory Turnover Calculation

Esi 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 )
=	30.737	/ (	(32.012	+	16.334)	/	2 )
=	30.737	/	24.173
=	1.27

Esi 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 )
=	18.772	/ (	(29.38	+	16.334)	/	2 )
=	18.772	/	22.857
=	0.82

Esi SpA (MIL:ESIGM) 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.

Esi 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
	=	22.857	/	18.772	*	365 / 2
	=	222.21

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.

Esi 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 )
	=	22.857	/	20.042
	=	1.14

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.

Esi SpA Inventory Turnover Related Terms

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Esi SpA (MIL:ESIGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Esi SpA (MIL:ESIGM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via delle Industrie 1, Albisola Superiore, Albissola Marina, ITA, 17012

Website

https://www.esi-spa.com

Esi SpA is a wellness and food supplement company. The company provides products for hair wellness, eye wellness, liver health, skincare, sleep disorders, weight control, oral hygiene, menopause; vitamins and minerals; and antioxidants.

Esi SpA (MIL:ESIGM) Headlines

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