Res SpA (MIL:RES) Inventory Turnover : 11.86 (As of Dec. 2023)

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What is Res 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. Res SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.17 Mil. Res SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.52 Mil. Res SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Res SpA's Days Inventory for the six months ended in Dec. 2023 was 15.39.

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. Res SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Res SpA Inventory Turnover Historical Data

The historical data trend for Res 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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Res SpA Inventory Turnover Chart

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

18.98

32.71

23.39

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	-	11.36	20.10	15.52	11.86

Res SpA Inventory Turnover Calculation

Res 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 )
=	12.29	/ (	(0.4	+	0.651)	/	2 )
=	12.29	/	0.5255
=	23.39

Res 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 )
=	6.168	/ (	(0.389	+	0.651)	/	2 )
=	6.168	/	0.52
=	11.86

Res SpA (MIL:RES) 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.

Res 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
	=	0.52	/	6.168	*	365 / 2
	=	15.39

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.

Res 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 )
	=	0.52	/	9.641
	=	0.05

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.

Res SpA Inventory Turnover Related Terms

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Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.