High Quality Food SpA (MIL:HQF) Inventory Turnover : 0.91 (As of Jun. 2024)

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What is High Quality Food 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. High Quality Food SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €7.33 Mil. High Quality Food SpA's Average Total Inventories for the quarter that ended in Jun. 2024 was €8.07 Mil. High Quality Food SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Quality Food SpA's Days Inventory for the six months ended in Jun. 2024 was 201.15.

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. High Quality Food SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.83.

High Quality Food SpA Inventory Turnover Historical Data

The historical data trend for High Quality Food 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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High Quality Food SpA Inventory Turnover Chart

High Quality Food SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

3.64

2.56

1.87

High Quality Food SpA Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			2.19	1.37	1.25	0.91	0.93

High Quality Food SpA Inventory Turnover Calculation

High Quality Food 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 )
=	15.814	/ (	(4.676	+	7.655)	/	2 )
=	15.814	/	6.1655
=	2.56

High Quality Food 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 )
=	7.326	/ (	(7.655	+	8.494)	/	2 )
=	7.326	/	8.0745
=	0.91

High Quality Food SpA (MIL:HQF) 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.

High Quality Food 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
	=	8.0745	/	7.326	*	365 / 2
	=	201.15

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.

High Quality Food 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 )
	=	8.0745	/	9.719
	=	0.83

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.

High Quality Food SpA Inventory Turnover Related Terms

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High Quality Food SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » High Quality Food SpA (MIL:HQF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via di Pietralata, 179, Rome, ITA, 00158

Website

https://www.hqf.it

High Quality Food SpA specializes in producing and marketing food products mainly for the hotel and restaurant sectors. It offers meats, charcuterie products, cheese products, fish and seafood products, fresh fruits and vegetables, bakery products, pasta, rice and cereals, oil, sauces and condiments, canned and tinned products, etc. The company also sells accessories for the catering industry such as vacuum packing, bamboo skewers, packaging, etc. Geographically, the company derives a majority of its revenue from Italy and the rest from other parts of Europe, and other countries.

High Quality Food SpA Headlines

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