Vetrya SpA (MIL:VTY) Inventory Turnover : 349.14 (As of Jun. 2021)

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What is Vetrya 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. Vetrya SpA's Cost of Goods Sold for the six months ended in Jun. 2021 was €4.89 Mil. Vetrya SpA's Average Total Inventories for the quarter that ended in Jun. 2021 was €0.01 Mil. Vetrya SpA's Inventory Turnover for the quarter that ended in Jun. 2021 was 349.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vetrya SpA's Days Inventory for the six months ended in Jun. 2021 was 0.52.

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. Vetrya SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.00.

Vetrya SpA Inventory Turnover Historical Data

The historical data trend for Vetrya 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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Vetrya SpA Inventory Turnover Chart

Vetrya SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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1,561.47

3,957.04

3,849.77

2,146.82

1,905.85

Vetrya SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial							1,051.23	821.69	454.65	464.55	349.14

Vetrya SpA Inventory Turnover Calculation

Vetrya SpA's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	38.117	/ (	(0.026	+	0.014)	/	2 )
=	38.117	/	0.02
=	1,905.85

Vetrya SpA's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	4.888	/ (	(0.014	+	0.014)	/	2 )
=	4.888	/	0.014
=	349.14

Vetrya SpA (MIL:VTY) 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.

Vetrya SpA's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	0.014	/	4.888	*	365 / 2
	=	0.52

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.

Vetrya SpA's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	0.014	/	4.774
	=	0.00

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.

Vetrya SpA Inventory Turnover Related Terms

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Vetrya SpA (MIL:VTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vetrya SpA (MIL:VTY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via dell’Innovazione, 1 e 1A, Orvieto, ITA, 05018

Website

http://www.vetrya.com

Vetrya SpA is engaged in the development of digital services, applications and broadband solutions. Its solutions include Eclexia, Wonda mobile hub, Visidea video syndication, tivin, digital pay and Visyd ADV digital advertising. The company offers wide range of cloud multi screen platforms for broadband telecommunications networks, media asset management, mobile entertainment, mobile commerce, value-added services, carrier billing, Internet TV, broadcasting, digital advertising and content production.

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