OVS SpA (MIL:OVS) Total Inventories : €484 Mil (As of Jul. 2023)

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What is OVS SpA Total Inventories?

OVS SpA's total inventories for the quarter that ended in Jul. 2023 was €484 Mil. OVS SpA's average total inventories from the quarter that ended in Jan. 2023 to the quarter that ended in Jul. 2023 was €481 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. OVS SpA's Net-Net Working Capital per share for the quarter that ended in Jul. 2023 was €-5.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OVS SpA's Days Inventory for the six months ended in Jul. 2023 was 280.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. OVS SpA's Inventory Turnover for the quarter that ended in Jul. 2023 was 0.65.

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. OVS SpA's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 0.62.

OVS SpA Total Inventories Historical Data

The historical data trend for OVS SpA's Total Inventories 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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OVS SpA Total Inventories Chart

OVS SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Inventories

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410.96

393.09

420.11

389.85

477.64

OVS SpA Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Total Inventories	Get a 7-Day Free Trial															410.27	389.85	486.28	477.64	484.25

OVS SpA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

OVS SpA (MIL:OVS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

OVS SpA's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2023 is

	Net-Net Working Capital Per Share (Q: Jul. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(81.835	+	0.75 * 112.115	+	0.5 * 484.247	-	1906.76
-	0	-	0.186)	/	271.495
=	-5.52

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

OVS SpA's Days Inventory for the six months ended in Jul. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2023 )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
	=	480.941	/	312.691	*	365 / 2
	=	280.70

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

OVS SpA's Inventory Turnover for the quarter that ended in Jul. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jul. 2023 )	/	Average Total Inventories (Q: Jul. 2023 )
	=	312.691	/	480.941
	=	0.65

4. 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.

OVS SpA's Inventory to Revenue for the quarter that ended in Jul. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	480.941	/	770.546
	=	0.62

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

OVS SpA Total Inventories Related Terms

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OVS SpA (MIL:OVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » OVS SpA (MIL:OVS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

OVSm:UK 0R5R:UK 0OV1:Germany

Address

Via Terraglio 17, Venice - Mestre, ITA, 30174

Website

http://www.ovscorporate.it

OVS SpA is an Italian fashion retailer. The company develops and markets menswear, womenswear and children's wear. Its operating segment includes OVS, UPIM and Sempione Fashion. OVS segment offers stylish and high-quality clothing at competitive prices focusing on the latest trends and fashion. Its UPIM segment offers women's, men's and children's clothing products, homeware and fragrance, The company generates maximum revenue from the OVS segment. Geographically, it has a presence in Italy, Bangladesh, China, Hong Kong, India, Pakistan, Turkey, Spain, Croatia, and Serbia.