Zignago Vetro SpA (MIL:ZV) Inventory Turnover : 0.12 (As of Dec. 2024)

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What is Zignago Vetro 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. Zignago Vetro SpA's Cost of Goods Sold for the three months ended in Dec. 2024 was €18.6 Mil. Zignago Vetro SpA's Average Total Inventories for the quarter that ended in Dec. 2024 was €158.1 Mil. Zignago Vetro SpA's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zignago Vetro SpA's Days Inventory for the three months ended in Dec. 2024 was 774.63.

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. Zignago Vetro SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.54.

Zignago Vetro SpA Inventory Turnover Historical Data

The historical data trend for Zignago Vetro 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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Zignago Vetro SpA Inventory Turnover Chart

Zignago Vetro SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.80

2.08

2.85

2.06

0.65

Zignago Vetro SpA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.35	0.20	0.77	0.17	0.12

Zignago Vetro SpA Inventory Turnover Calculation

Zignago Vetro SpA's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	103.275	/ (	(157.954	+	161.434)	/	2 )
=	103.275	/	159.694
=	0.65

Zignago Vetro SpA's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	18.626	/ (	(154.8	+	161.434)	/	2 )
=	18.626	/	158.117
=	0.12

Zignago Vetro SpA (MIL:ZV) 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.

Zignago Vetro SpA's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	158.117	/	18.626	*	365 / 4
	=	774.63

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.

Zignago Vetro SpA's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	158.117	/	102.615
	=	1.54

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.

Zignago Vetro SpA Inventory Turnover Related Terms

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Zignago Vetro SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (MIL:ZV) » Definitions » Inventory Turnover

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0NNC:UK ZVB:Germany

Address

Via Ita Marzotto no. 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for the Food and Beverages and Cosmetics and Perfumery sectors. It has seven operating segments Zignago Vetro SpA; Zignago Vetro Polska SA; Zignago Vetro France SAS; Vetri Speciali SpA; Zignago Glass USA Inc.; Tre-Ve Srl; Vetreco Srl; and Nuova RO-CO Srl. It generates the majority of its revenue from Zignago Vetro SpA this Business Unit carries out the production of glass containers for food and beverages and for cosmetics and perfumery. The business of the group is carried out in various geographical locations such as Italy, the European Union, North America, and other areas.

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