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Radici Pietro Industries & Brands SpA (MIL:RAD) Inventory Turnover : 1.00 (As of Dec. 2023)


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What is Radici Pietro Industries & Brands 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. Radici Pietro Industries & Brands SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €22.22 Mil. Radici Pietro Industries & Brands SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €22.21 Mil. Radici Pietro Industries & Brands SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Radici Pietro Industries & Brands SpA's Days Inventory for the six months ended in Dec. 2023 was 182.48.

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. Radici Pietro Industries & Brands SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.75.


Radici Pietro Industries & Brands SpA Inventory Turnover Historical Data

The historical data trend for Radici Pietro Industries & Brands 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.

Radici Pietro Industries & Brands SpA Inventory Turnover Chart

Radici Pietro Industries & Brands SpA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 2.35 1.68 1.77 2.08 1.98

Radici Pietro Industries & Brands SpA Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 1.05 0.96 0.95 1.00

Radici Pietro Industries & Brands SpA Inventory Turnover Calculation

Radici Pietro Industries & Brands 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 )
=43.11 / ((21.502 + 22.087) / 2 )
=43.11 / 21.7945
=1.98

Radici Pietro Industries & Brands 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 )
=22.215 / ((22.338 + 22.087) / 2 )
=22.215 / 22.2125
=1.00

* 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.


Radici Pietro Industries & Brands SpA  (MIL:RAD) 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.

Radici Pietro Industries & Brands 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
=22.2125/22.215*365 / 2
=182.48

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.

Radici Pietro Industries & Brands 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 )
=22.2125 / 29.697
=0.75

* 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.


Radici Pietro Industries & Brands SpA Inventory Turnover Related Terms

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Radici Pietro Industries & Brands SpA (MIL:RAD) Business Description

Traded in Other Exchanges
N/A
Address
Via Cavalier Pietro Radici, 19, Cazzano Sant'Andrea, Bergamo, ITA, 24026
Radici Pietro Industries & Brands SpA is engaged in the carpet business. It offers carpets for various industries such as Hotels, Offices, Ships, Aircraftm Automotive, Residential and others.

Radici Pietro Industries & Brands SpA (MIL:RAD) Headlines

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