Lottomatica Group SpA (MIL:LTMC) Inventory Turnover : 162.67 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Lottomatica Group 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. Lottomatica Group SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €269 Mil. Lottomatica Group SpA's Average Total Inventories for the quarter that ended in Mar. 2024 was €2 Mil. Lottomatica Group SpA's Inventory Turnover for the quarter that ended in Mar. 2024 was 162.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lottomatica Group SpA's Days Inventory for the three months ended in Mar. 2024 was 0.56.

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. Lottomatica Group SpA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Lottomatica Group SpA Inventory Turnover Historical Data

The historical data trend for Lottomatica Group 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.

* Premium members only.

Lottomatica Group SpA Inventory Turnover Chart

Lottomatica Group SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1,195.19

2,461.21

540.22

416.97

Lottomatica Group SpA Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					77.77	116.35	122.00	175.47	162.67

Lottomatica Group SpA Inventory Turnover Calculation

Lottomatica Group 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 )
=	981.753	/ (	(3.214	+	1.495)	/	2 )
=	981.753	/	2.3545
=	416.97

Lottomatica Group SpA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	268.648	/ (	(1.495	+	1.808)	/	2 )
=	268.648	/	1.6515
=	162.67

Lottomatica Group SpA (MIL:LTMC) 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.

Lottomatica Group SpA's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.6515	/	268.648	*	365 / 4
	=	0.56

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.

Lottomatica Group SpA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.6515	/	440.079
	=	0.00

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.

Lottomatica Group SpA Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Lottomatica Group SpA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Lottomatica Group SpA (MIL:LTMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lottomatica Group SpA (MIL:LTMC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LTMCm:UK

Address

Via degli Aldobrandeschi, 300, Rome, ITA, 00163

Website

https://www.lottomaticagroup.com

Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs).

Lottomatica Group SpA (MIL:LTMC) Headlines

No Headlines