Landi Renzo SpA (MIL:LNDR) Inventory Turnover: 0.50 (As of Sep. 2024)


MIL:LNDR Landi Renzo SpA MIL:LNDR
4 GF Score
Price €0.63
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What is Landi Renzo SpA Inventory Turnover?

Landi Renzo SpA MIL:LNDR +4.65% 4 Inventory Turnover is 0.50 as of Sep. 2024. GuruFocus rates MIL:LNDR with a GF Score™ of 4/100.

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. Landi Renzo SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €36.4 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 0.50.

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 181.30.

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  (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
=72.2785/36.379*365 / 4
=181.30

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

* 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.

Landi Renzo SpA Inventory Turnover Related Terms

Landi Renzo SpA Inventory Turnover Historical Data

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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.

Landi Renzo SpA Inventory Turnover Chart

Landi Renzo SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 2.06 2.71 2.60 2.48

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.65 0.55 0.57 0.50
MIL:LNDR
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Landi Renzo SpA MIL:LNDR
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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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 )
=189.468 / ((76.68 + 76.26) / 2 )
=189.468 / 76.47
=2.48

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 )
=36.379 / ((73.426 + 71.131) / 2 )
=36.379 / 72.2785
=0.50

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.50 mean?
Landi Renzo SpA (MIL:LNDR) has a Inventory Turnover of 0.50 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Landi Renzo SpA and its competitors.
Is Landi Renzo SpA's Inventory Turnover too high?
Landi Renzo SpA's current Inventory Turnover is 0.50. Overall, Landi Renzo SpA has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Landi Renzo SpA's Inventory Turnover compare to ORLY and AZO?
Landi Renzo SpA's Inventory Turnover of 0.50 can be compared against companies in the Vehicles & Parts 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 a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts 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 Landi Renzo SpA and its competitors. Landi Renzo SpA's current Inventory Turnover is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Landi Renzo SpA stock overvalued right now?
Landi Renzo SpA (MIL:LNDR) has a current Inventory Turnover of 0.50. The current Inventory Turnover is 0.50. Landi Renzo SpA's overall GF Score™ is 4/100. 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 Landi Renzo SpA (MIL:LNDR), the current Inventory Turnover is 0.50 as of Sep. 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.

Landi Renzo SpA Business Description

Address Via Nobel 2, Corte Tegge, Cavriago, ITA, 42025
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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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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