Nexi SpA (MIL:NEXI) Inventory Turnover : 24.04 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Nexi 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. Nexi SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,235 Mil. Nexi SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €51 Mil. Nexi SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 24.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexi SpA's Days Inventory for the six months ended in Dec. 2023 was 7.59.

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. Nexi SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Nexi SpA Inventory Turnover Historical Data

The historical data trend for Nexi 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.

Nexi SpA Inventory Turnover Chart

Nexi SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

89.93

79.99

80.22

54.82

44.34

Nexi SpA Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									62.85	28.07	24.26	21.27	24.04

Nexi SpA Inventory Turnover Calculation

Nexi 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 )
=	2345.324	/ (	(53.699	+	52.094)	/	2 )
=	2345.324	/	52.8965
=	44.34

Nexi SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1235.322	/ (	(50.696	+	52.094)	/	2 )
=	1235.322	/	51.395
=	24.04

Nexi SpA (MIL:NEXI) 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.

Nexi SpA's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	51.395	/	1235.322	*	365 / 2
	=	7.59

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.

Nexi SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	51.395	/	3036.113
	=	0.02

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.

Nexi SpA Inventory Turnover Related Terms

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

Nexi SpA (MIL:NEXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nexi SpA (MIL:NEXI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NEXPF:USA NEXXY:USA 0NX5:UK NEXIm:UK N0XA:Germany NEXI:Austria

Address

Corso Sempione 55, Milan, ITA, 20149

Website

https://www.nexi.it

Nexi is a payment services provider offering merchant acquiring, card issuing, and digital banking services across Europe. Nexi's services cover the entire payment chain excluding the card scheme. It offers its acquiring and issuing services either in partnerships with banks, providing point-of-sale terminals, processing, or issuing services on their behalf or directly to merchants.