GEL SpA (MIL:GEL) Inventory Turnover : 1.15 (As of Jun. 2023)

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What is GEL 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. GEL SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €5.60 Mil. GEL SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €4.85 Mil. GEL SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GEL SpA's Days Inventory for the six months ended in Jun. 2023 was 158.03.

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. GEL SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.64.

GEL SpA Inventory Turnover Historical Data

The historical data trend for GEL 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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GEL SpA Inventory Turnover Chart

GEL SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.98

4.93

3.79

3.88

2.91

GEL SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial											1.83	1.67	1.45	1.12	1.15

GEL SpA Inventory Turnover Calculation

GEL SpA's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	12.201	/ (	(3.53	+	4.861)	/	2 )
=	12.201	/	4.1955
=	2.91

GEL SpA's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	5.598	/ (	(4.861	+	4.834)	/	2 )
=	5.598	/	4.8475
=	1.15

GEL SpA (MIL:GEL) 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.

GEL SpA's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	4.8475	/	5.598	*	365 / 2
	=	158.03

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.

GEL SpA's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	4.8475	/	7.616
	=	0.64

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.

GEL SpA Inventory Turnover Related Terms

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GEL SpA (MIL:GEL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Enzo Ferrari, 1, Castelfidardo, ITA, 60022

Website

http://www.gel.it

GEL SpA is an Italian company engaged in the business of designing and manufacturing products to treat water. The company offers filters, softeners, dosers, reverse osmosis, and conditioners to its clients. It also provides water treatment services for the following divisions - Medical, Food, and Mobile Installations. Desalination services and leachate treatment services are also provided by the company.