Simone SpA (MIL:SMN) Inventory Turnover : 1.39 (As of Jun. 2023)

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What is Simone 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. Simone SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €5.78 Mil. Simone SpA's Average Total Inventories for the quarter that ended in Jun. 2023 was €4.17 Mil. Simone SpA's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simone SpA's Days Inventory for the six months ended in Jun. 2023 was 131.72.

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. Simone SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.49.

Simone SpA Inventory Turnover Historical Data

The historical data trend for Simone 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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Simone SpA Inventory Turnover Chart

Simone SpA Annual Data

Trend

Dec21

Dec22

Inventory Turnover

2.70

2.58

Simone SpA Semi-Annual Data
	Dec21	Dec22	Jun23
Inventory Turnover	-	-	1.39

Simone SpA Inventory Turnover Calculation

Simone SpA's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	8.725	/ (	(2.679	+	4.076)	/	2 )
=	8.725	/	3.3775
=	2.58

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

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	5.776	/ (	(4.076	+	4.262)	/	2 )
=	5.776	/	4.169
=	1.39

Simone SpA (MIL:SMN) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	4.169	/	5.776	*	365 / 2
	=	131.72

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	4.169	/	8.538
	=	0.49

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.

Simone SpA Inventory Turnover Related Terms

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Simone SpA (MIL:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Simone SpA (MIL:SMN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Riviera di Chiaia 256, Napoli, ITA, 80121

Website

https://www.edizioni.simone.it

Simone SpA is a publishing company based in Naples, Italy. It mainly publishes educational materials and textbooks.