Vantea Smart SpA (MIL:VNT) Inventory Turnover : -0.80 (As of Dec. 2023)

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What is Vantea Smart 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. Vantea Smart SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €-0.16 Mil. Vantea Smart SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.20 Mil. Vantea Smart SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was -0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Vantea Smart SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Vantea Smart SpA Inventory Turnover Historical Data

The historical data trend for Vantea Smart 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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Vantea Smart SpA Inventory Turnover Chart

Vantea Smart SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

99.22

165.37

29.72

28.20

Vantea Smart SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			77.18	117.14	-90.76	29.67	-0.80

Vantea Smart SpA Inventory Turnover Calculation

Vantea Smart 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 )
=	5.866	/ (	(0.208	+	0)	/	1 )
=	5.866	/	0.208
=	28.20

Vantea Smart 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 )
=	-0.159	/ (	(0.198	+	0)	/	1 )
=	-0.159	/	0.198
=	-0.80

Vantea Smart SpA (MIL:VNT) 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.

Vantea Smart 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
	=	0.198	/	-0.159	*	365 / 2
	=

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.

Vantea Smart 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 )
	=	0.198	/	1.844
	=	0.11

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.

Vantea Smart SpA Inventory Turnover Related Terms

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Vantea Smart SpA (MIL:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vantea Smart SpA (MIL:VNT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Tiburtina 1231, Rome, ITA, 00131

Website

https://www.vantea.com

Vantea Smart SpA is an Information Technology company that operates mainly in the Cybersecurity sector. It also offers consultancy in the field of System Integration and Software Development and Project development and Product development activities.