Landi Renzo SpA (MIL:LNDR) Inventory Turnover : 0.68 (As of Sep. 2024)

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What is Landi Renzo 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. Landi Renzo SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €48.8 Mil. Landi Renzo SpA's Average Total Inventories for the quarter that ended in Sep. 2024 was €72.3 Mil. Landi Renzo SpA's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Landi Renzo SpA's Days Inventory for the three months ended in Sep. 2024 was 135.02.

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. Landi Renzo SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.22.

Landi Renzo SpA Inventory Turnover Historical Data

The historical data trend for Landi Renzo 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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Landi Renzo SpA Inventory Turnover Chart

Landi Renzo SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.52

2.74

3.49

3.35

3.23

Landi Renzo SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.70	0.85	0.74	0.77	0.68

Landi Renzo SpA Inventory Turnover Calculation

Landi Renzo 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 )
=	247.167	/ (	(76.68	+	76.26)	/	2 )
=	247.167	/	76.47
=	3.23

Landi Renzo SpA's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	48.846	/ (	(73.426	+	71.131)	/	2 )
=	48.846	/	72.2785
=	0.68

Landi Renzo SpA (MIL:LNDR) 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.

Landi Renzo SpA's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	72.2785	/	48.846	*	365 / 4
	=	135.02

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.

Landi Renzo SpA's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	72.2785	/	59.348
	=	1.22

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.

Landi Renzo SpA Inventory Turnover Related Terms

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Landi Renzo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landi Renzo SpA (MIL:LNDR) » Definitions » Inventory Turnover

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ARQ0:Germany

Address

Via Nobel 2, Corte Tegge, Cavriago, ITA, 42025

Website

https://www.landirenzogroup.com

Landi Renzo SpA is engaged in the automotive fuel supply systems sector. The company mainly designs, manufactures, and sells liquefied petroleum gas and compressed natural gas fuel supply systems for the automotive sector. In addition, it also manufactures compressors for fuel stations, and audio and alarm systems. The group sells its products to car manufacturers, independent retailers, and importers. It has two operating segments which include the Green Transportation segment, and the Clean Tech Solutions segment. The Green Transportation segment generates a majority of its revenue which is designed, manufactured, and sold through the OEM and After Market channels of mechanical and electronic systems and components for the use of automotive gas.

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