GEL SpA (MIL:GEL) Inventory Turnover: 0.76 (As of Jun. 2024)

What is GEL SpA Inventory Turnover?

GEL SpA MIL:GEL 25 Inventory Turnover is 0.76 as of Jun. 2024. GuruFocus rates MIL:GEL with a GF Score™ of 25/100.

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. 2024 was €3.24 Mil. GEL SpA's Average Total Inventories for the quarter that ended in Jun. 2024 was €4.29 Mil. GEL SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.76.

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. 2024 was 241.23.

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. 2024 was 0.56.

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. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	4.288	/	3.244	*	365 / 2
	=	241.23

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. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4.288	/	7.708
	=	0.56

* 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.

GEL SpA Inventory Turnover Related Terms

GEL SpA Inventory Turnover Historical Data

* Premium members only.

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

GEL SpA Inventory Turnover Chart

GEL SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

2.21

2.47

1.83

1.55

1.66

GEL SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial														0.69	0.72	0.74	0.76	0.76

25GF Score

GEL SpA MIL:GEL

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

View Full Analysis

GEL SpA Inventory Turnover Calculation

GEL 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 )
=	6.738	/ (	(4.861	+	3.837)	/	2 )
=	6.738	/	4.349
=	1.55

GEL 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 )
=	3.244	/ (	(3.837	+	4.739)	/	2 )
=	3.244	/	4.288
=	0.76

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.76 mean?

GEL SpA (MIL:GEL) has a Inventory Turnover of 0.76 as of Jun. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on GEL SpA and its competitors.

Is GEL SpA's Inventory Turnover too high?

GEL SpA's current Inventory Turnover is 0.76. Overall, GEL SpA has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.

How does GEL SpA's Inventory Turnover compare to VLTO and ZWS?

GEL SpA's Inventory Turnover of 0.76 can be compared against companies in the Industrial Products 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 an Industrial Products company?

A good Inventory Turnover depends on the Industrial Products 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 GEL SpA and its competitors. GEL SpA's current Inventory Turnover is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is GEL SpA stock overvalued right now?

GEL SpA (MIL:GEL) has a current Inventory Turnover of 0.76. The current Inventory Turnover is 0.76. GEL SpA's overall GF Score™ is 25/100. 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 GEL SpA (MIL:GEL), the current Inventory Turnover is 0.76 as of Jun. 2024. 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.

GEL SpA Business Description

Industry Industrials Industrial Products

Comparable Companies MIL:VIM MIL:MARP MIL:ATON MIL:ELSA MIL:VNE MIL:LTX MIL:TLM MIL:FDA MIL:ESAU MIL:ENY VLTO ZWS FSS SZSE:300390 TSE:6370 TSE:6368 OSTO:MTRS SHSE:600388 CECO HKSE:00586

Address Via Enzo Ferrari 1, Castelfidardo, ITA, 60022

Website https://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, disinfectants, softeners, dosers, mud removers, conditioners, and other water treatment products to its clients. In addition, it 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.

25GF Score

Get the complete analysis for MIL:GEL

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.10

Price

View MIL:GEL Analysis

See Inventory Turnover data for all stocks →