Pininfarina SpA (STU:PNF) Inventory Turnover : 14.27 (As of Sep. 2024)

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What is Pininfarina 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. Pininfarina SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €7.43 Mil. Pininfarina SpA's Average Total Inventories for the quarter that ended in Sep. 2024 was €0.52 Mil. Pininfarina SpA's Inventory Turnover for the quarter that ended in Sep. 2024 was 14.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pininfarina SpA's Days Inventory for the three months ended in Sep. 2024 was 6.40.

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. Pininfarina SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

Pininfarina SpA Inventory Turnover Historical Data

The historical data trend for Pininfarina 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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Pininfarina SpA Inventory Turnover Chart

Pininfarina SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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62.02

36.39

49.97

71.36

89.67

Pininfarina SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															9.46	19.13	15.50	16.55	14.27

Pininfarina SpA Inventory Turnover Calculation

Pininfarina 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 )
=	34.121	/ (	(0.342	+	0.419)	/	2 )
=	34.121	/	0.3805
=	89.67

Pininfarina SpA's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	7.425	/ (	(0.518	+	0.523)	/	2 )
=	7.425	/	0.5205
=	14.27

Pininfarina SpA (STU:PNF) 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.

Pininfarina SpA's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.5205	/	7.425	*	365 / 4
	=	6.40

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.

Pininfarina SpA's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.5205	/	21.912
	=	0.02

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.

Pininfarina SpA Inventory Turnover Related Terms

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Pininfarina SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pininfarina SpA (STU:PNF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PINF:Italy PNF:Germany

Address

Via Nazionale 30, Cambiano, Turin, ITA, 10020

Website

http://www.pininfarina.com

Pininfarina SpA is an Italian company engaged in the production, development, designing, engineering, and manufacturing of vehicles in Italy, Germany, and China. It offers various services including automotive design, transportation design, architecture, and interior design in the fields of residential, hospitality, sport and commercial structures, industrial design, engineering, wind tunnel, sustainable mobility, and exclusive vehicles - restorations. The company has two reportable segments design and engineering, majority of revenue is generated from the Design segment. The company's geographical segment consists of Italy, Germany, China, USA. The majority of revenue is generated from non-EU countries.