OVS SpA (MIL:OVS) Inventory Turnover : 0.65 (As of Jul. 2023)

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What is OVS 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. OVS SpA's Cost of Goods Sold for the six months ended in Jul. 2023 was €313 Mil. OVS SpA's Average Total Inventories for the quarter that ended in Jul. 2023 was €481 Mil. OVS SpA's Inventory Turnover for the quarter that ended in Jul. 2023 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OVS SpA's Days Inventory for the six months ended in Jul. 2023 was 280.70.

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. OVS SpA's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 0.62.

OVS SpA Inventory Turnover Historical Data

The historical data trend for OVS 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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OVS SpA Inventory Turnover Chart

OVS SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Inventory Turnover

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1.67

1.53

1.12

1.46

1.58

OVS SpA Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Inventory Turnover	Get a 7-Day Free Trial															0.60	0.86	0.70	0.78	0.65

OVS SpA Inventory Turnover Calculation

OVS SpA's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	684.34	/ (	(389.849	+	477.635)	/	2 )
=	684.34	/	433.742
=	1.58

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

	Inventory Turnover (Q: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2023 )	/ (	(Total Inventories (Q: Jan. 2023 )	+	Total Inventories (Q: Jul. 2023 ))	/	count )
=	312.691	/ (	(477.635	+	484.247)	/	2 )
=	312.691	/	480.941
=	0.65

OVS SpA (MIL:OVS) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jul. 2023 )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
	=	480.941	/	312.691	*	365 / 2
	=	280.70

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	480.941	/	770.546
	=	0.62

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.

OVS SpA Inventory Turnover Related Terms

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OVS SpA (MIL:OVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » OVS SpA (MIL:OVS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

OVSm:UK 0R5R:UK 0OV1:Germany

Address

Via Terraglio 17, Venice - Mestre, ITA, 30174

Website

http://www.ovscorporate.it

OVS SpA is an Italian fashion retailer. The company develops and markets menswear, womenswear and children's wear. Its operating segment includes OVS, UPIM and Sempione Fashion. OVS segment offers stylish and high-quality clothing at competitive prices focusing on the latest trends and fashion. Its UPIM segment offers women's, men's and children's clothing products, homeware and fragrance, The company generates maximum revenue from the OVS segment. Geographically, it has a presence in Italy, Bangladesh, China, Hong Kong, India, Pakistan, Turkey, Spain, Croatia, and Serbia.