Terna SpA (MIL:TRN) Inventory Turnover: 0.78 (As of Mar. 2026)


MIL:TRN Terna SpA MIL:TRN
83 GF Score
Price €10.25
GF Value €9.89
Valuation Fairly Valued
! 3 Warning Signs
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What is Terna SpA Inventory Turnover?

Terna SpA MIL:TRN +0.49% 83 Inventory Turnover is 0.78 as of Mar. 2026. GuruFocus rates MIL:TRN with a GF Score™ of 83/100 and a GF Value™ of €9.89 (Fairly Valued). The stock has 3 warning signs investors should review.

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. Terna SpA's Cost of Goods Sold for the three months ended in Mar. 2026 was €99 Mil. Terna SpA's Average Total Inventories for the quarter that ended in Mar. 2026 was €128 Mil. Terna SpA's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Terna SpA's Days Inventory for the three months ended in Mar. 2026 was 117.35.

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. Terna SpA's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.13.

Terna SpA  (MIL:TRN) 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.

Terna SpA's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=127.7/99.3*365 / 4
=117.35

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.

Terna SpA's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=127.7 / 988.7
=0.13

* 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.

Terna SpA Inventory Turnover Related Terms

Terna SpA Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Terna 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.

Terna SpA Inventory Turnover Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.03 3.24 3.61 3.33 2.99

Terna SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.51 0.90 0.37 0.78
MIL:TRN
83GF Score
Terna SpA MIL:TRN
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Terna SpA Inventory Turnover Calculation

Terna SpA's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=352.7 / ((108.2 + 127.7) / 2 )
=352.7 / 117.95
=2.99

Terna SpA's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=99.3 / ((127.7 + 0) / 1 )
=99.3 / 127.7
=0.78

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.78 mean?
Terna SpA (MIL:TRN) has a Inventory Turnover of 0.78 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Terna SpA and its competitors.
Is Terna SpA's Inventory Turnover too high?
Terna SpA's current Inventory Turnover is 0.78. Overall, Terna SpA has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Inventory Turnover compare to NEE and SO?
Terna SpA's Inventory Turnover of 0.78 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Utilities - Regulated company?
A good Inventory Turnover depends on the Utilities - Regulated industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Terna SpA and its competitors. Terna SpA's current Inventory Turnover is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terna SpA stock overvalued right now?
Based on GuruFocus' analysis, Terna SpA (MIL:TRN) is currently considered Fairly Valued. The stock's GF Value™ is €9.89, compared to a current price of €10.25 — trading 3.6% above its estimated fair value. The current Inventory Turnover is 0.78. Terna SpA's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current Inventory Turnover is 0.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Terna SpA (MIL:TRN) Overvalued in 2026?

Based on GuruFocus' analysis, Terna SpA stock appears to be overvalued. The current stock price of €10.25 is trading 3.6% above its estimated GF Value™ of €9.89. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for MIL:TRN:

  • Inventory Turnover: 0.78
  • GF Value™: €9.89 vs. price of €10.25 (3.6% above fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the MIL:TRN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Terna SpA Business Description

Address Viale Egidio Galbani 70, Rome, ITA, 00156
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.
83GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.25
Price
€9.89
GF Value