Meglioquesto SpA (MIL:MQSPA) Inventory Turnover: 4.83 (As of Jun. 2023)

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MIL:MQSPA Meglioquesto SpA MIL:MQSPA
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What is Meglioquesto SpA Inventory Turnover?

Meglioquesto SpA MIL:MQSPA 20 Inventory Turnover is 4.83 as of Jun. 2023. GuruFocus rates MIL:MQSPA with a GF Score™ of 20/100.

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. Meglioquesto SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €1.89 Mil. Meglioquesto SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.39 Mil. Meglioquesto SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meglioquesto SpA's Days Inventory for the six months ended in Jun. 2023 was 37.81.

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. Meglioquesto SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.58.

Meglioquesto SpA  (MIL:MQSPA) 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.

Meglioquesto 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
=0.392/1.892*365 / 2
=37.81

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.

Meglioquesto 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 )
=0.392 / 0.677
=0.58

* 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.

Meglioquesto SpA Inventory Turnover Related Terms

Meglioquesto SpA Inventory Turnover Historical Data

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The historical data trend for Meglioquesto 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.

Meglioquesto SpA Inventory Turnover Chart

Meglioquesto SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Inventory Turnover
13.81 5.40 6.80 8.32

Meglioquesto SpA Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Inventory Turnover Get a 7-Day Free Trial 2.81 4.11 3.68 3.95 4.83
MIL:MQSPA
20GF Score
Meglioquesto SpA MIL:MQSPA
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Meglioquesto SpA Inventory Turnover Calculation

Meglioquesto 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 )
=3.667 / ((0.393 + 0.489) / 2 )
=3.667 / 0.441
=8.32

Meglioquesto 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 )
=1.892 / ((0.489 + 0.295) / 2 )
=1.892 / 0.392
=4.83

* 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 4.83 mean?
Meglioquesto SpA (MIL:MQSPA) has a Inventory Turnover of 4.83 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Meglioquesto SpA and its competitors.
Is Meglioquesto SpA's Inventory Turnover too high?
Meglioquesto SpA's current Inventory Turnover is 4.83. Overall, Meglioquesto SpA has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Meglioquesto SpA's Inventory Turnover compare to GOOGL and META?
Meglioquesto SpA's Inventory Turnover of 4.83 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Inventory Turnover depends on the Interactive Media 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 Meglioquesto SpA and its competitors. Meglioquesto SpA's current Inventory Turnover is 4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meglioquesto SpA stock overvalued right now?
Meglioquesto SpA (MIL:MQSPA) has a current Inventory Turnover of 4.83. The current Inventory Turnover is 4.83. Meglioquesto SpA's overall GF Score™ is 20/100. 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 Meglioquesto SpA (MIL:MQSPA), the current Inventory Turnover is 4.83 as of Jun. 2023. 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.

Meglioquesto SpA Business Description

Address Via Tucidide, 56, Milano, ITA, 20134
Meglioquesto SpA is a portal that provides professional, personal and free assistance and offers a solution or service in line with requests, in total transparency. It constantly analyzes and compares offers and services to give the best customized solutions.
20GF Score

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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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