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Solid World Group SpA (MIL:S3D) Inventory Turnover : 3.32 (As of Jun. 2024)


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What is Solid World Group 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. Solid World Group SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €17.75 Mil. Solid World Group SpA's Average Total Inventories for the quarter that ended in Jun. 2024 was €5.35 Mil. Solid World Group SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solid World Group SpA's Days Inventory for the six months ended in Jun. 2024 was 55.01.

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. Solid World Group SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.14.

Solid World Group SpA Inventory Turnover Historical Data

The historical data trend for Solid World Group 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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Solid World Group SpA Inventory Turnover Chart

Solid World Group SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
7.02 8.08 12.85 10.67

Solid World Group SpA Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial 6.54 6.31 6.38 4.56 3.32

Solid World Group SpA Inventory Turnover Calculation

Solid World Group 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 )
=36.478 / ((2.619 + 4.22) / 2 )
=36.478 / 3.4195
=10.67

Solid World Group SpA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=17.748 / ((4.22 + 6.479) / 2 )
=17.748 / 5.3495
=3.32

* 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.

Solid World Group SpA  (MIL:S3D) 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.

Solid World Group SpA's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=5.3495/17.748*365 / 2
=55.01

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.

Solid World Group SpA's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=5.3495 / 37.426
=0.14

* 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.

Solid World Group SpA Inventory Turnover Related Terms

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Solid World Group SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid World Group SpA (MIL:S3D) » Definitions » Inventory Turnover
Comparable Companies
MIL:MFT MIL:ETH MIL:OLI ANET DELL SHSE:688041 SZSE:002415 TSE:7751 TPE:2382 HPQ SMCI NTAP STX PSTG WDC HKSE:00992 TPE:2357 SHSE:603019 XSWX:LOGN TPE:6669
Traded in Other Exchanges
F17:Germany
Address
Via Enrico Reginato 87, Treviso, ITA, 31100
Website
https://www.solidworld.it
Solid World Group SpA is engaged in providing 3D digital technologies. It generates the majority of its revenues as the official reseller of products of Solidworks Corp.

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