Italgas SpA (MIL:IG) Inventory Turnover : 4.32 (As of Jun. 2023)

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What is Italgas 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. Italgas SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €516 Mil. Italgas SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €119 Mil. Italgas SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Italgas SpA's Days Inventory for the six months ended in Jun. 2023 was 42.22.

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. Italgas SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.09.

Italgas SpA Inventory Turnover Historical Data

The historical data trend for Italgas 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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Italgas SpA Inventory Turnover Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.71

9.75

8.29

8.07

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										4.02	3.67	4.27	4.32	-

Italgas SpA Inventory Turnover Calculation

Italgas 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 )
=	911.159	/ (	(105.294	+	120.486)	/	2 )
=	911.159	/	112.89
=	8.07

Italgas 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 )
=	515.936	/ (	(120.486	+	118.216)	/	2 )
=	515.936	/	119.351
=	4.32

Italgas SpA (MIL:IG) 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.

Italgas 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
	=	119.351	/	515.936	*	365 / 2
	=	42.22

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.

Italgas 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 )
	=	119.351	/	1270.742
	=	0.09

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.

Italgas SpA Inventory Turnover Related Terms

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Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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