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Bifire SpA (MIL:FIRE) Inventory Turnover : 2.16 (As of Jun. 2024)


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What is Bifire 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. Bifire SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €12.27 Mil. Bifire SpA's Average Total Inventories for the quarter that ended in Jun. 2024 was €5.69 Mil. Bifire SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bifire SpA's Days Inventory for the six months ended in Jun. 2024 was 84.61.

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. Bifire SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.29.

Bifire SpA Inventory Turnover Historical Data

The historical data trend for Bifire 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.

Bifire SpA Inventory Turnover Chart

Bifire SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
5.21 5.67 5.22 4.56

Bifire SpA Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial 2.86 2.16 2.02 2.78 2.16

Bifire SpA Inventory Turnover Calculation

Bifire 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 )
=29.103 / ((7.533 + 5.23) / 2 )
=29.103 / 6.3815
=4.56

Bifire SpA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=12.272 / ((5.23 + 6.149) / 2 )
=12.272 / 5.6895
=2.16

* 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.

Bifire SpA  (MIL:FIRE) 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.

Bifire SpA's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=5.6895/12.272*365 / 2
=84.61

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.

Bifire SpA's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=5.6895 / 19.842
=0.29

* 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.

Bifire SpA Inventory Turnover Related Terms

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Bifire SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bifire SpA (MIL:FIRE) » Definitions » Inventory Turnover
Comparable Companies
MIL:SCK MIL:EGB MIL:NUS MIL:SOM MIL:FUM TT TSE:6367 CARR JCI XPAR:SGO XSWX:GEBN BLDR LII CSL DUB:KRX MAS OSTO:NIBE B OC WMS SZSE:002271
Traded in Other Exchanges
N/A
Address
Via Lavoratori dell'Autobianchi, 1, Desio, ITA, 20832
Website
https://www.bifire.it
Bifire SpA is a manufacturer of products for thermal insulation and fire protection in construction, industrial and marine environments, manufactures technological and innovative products, enabling the completion of projects. Its products comprise Aquafire, Aquafire LED, Bilife, and Vacunanex. Its products cater to Fireproofing construction, Thermal insulation construction, Fireproofing Industry, and Thermal Insulation Industry.

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