PGGCY (Piaggio & C. SpA) Inventory Turnover : 1.11 (As of Jun. 2024)

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What is Piaggio & C. 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. Piaggio & C. SpA's Cost of Goods Sold for the three months ended in Jun. 2024 was $463 Mil. Piaggio & C. SpA's Average Total Inventories for the quarter that ended in Jun. 2024 was $418 Mil. Piaggio & C. SpA's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Piaggio & C. SpA's Days Inventory for the three months ended in Jun. 2024 was 82.48.

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. Piaggio & C. SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.69.

Piaggio & C. SpA Inventory Turnover Historical Data

The historical data trend for Piaggio & C. 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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Piaggio & C. SpA Inventory Turnover Chart

Piaggio & C. SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.28

5.30

5.47

4.88

4.44

Piaggio & C. SpA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.22	0.99	0.89	0.88	1.11

Piaggio & C. SpA Inventory Turnover Calculation

Piaggio & C. 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 )
=	1683.242	/ (	(401.176	+	357.552)	/	2 )
=	1683.242	/	379.364
=	4.44

Piaggio & C. SpA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	462.609	/ (	(438.008	+	398.312)	/	2 )
=	462.609	/	418.16
=	1.11

Piaggio & C. SpA (OTCPK:PGGCY) 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.

Piaggio & C. SpA's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	418.16	/	462.609	*	365 / 4
	=	82.48

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.

Piaggio & C. SpA's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	418.16	/	605.233
	=	0.69

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.

Piaggio & C. SpA Inventory Turnover Related Terms

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Piaggio & C. SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piaggio & C. SpA (OTCPK:PGGCY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PIAGF:USA PIA:Italy 0FM1:UK P1I:Germany

Address

Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025

Website

https://www.piaggiogroup.com

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, and Porter brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam.