Piquadro SpA (MIL:PQ) Total Inventories : €37.5 Mil (As of Sep. 2023)

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What is Piquadro SpA Total Inventories?

Piquadro SpA's total inventories for the quarter that ended in Sep. 2023 was €37.5 Mil. Piquadro SpA's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was €37.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Piquadro SpA's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Piquadro SpA's Days Inventory for the six months ended in Sep. 2023 was 132.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Piquadro SpA's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.38.

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. Piquadro SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.44.

Piquadro SpA Total Inventories Historical Data

The historical data trend for Piquadro 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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Piquadro SpA Total Inventories Chart

Piquadro SpA Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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37.96

36.21

39.05

37.43

37.26

Piquadro SpA Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Inventories	Get a 7-Day Free Trial															39.05	40.22	37.43	37.47	37.26

Piquadro 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.

Piquadro SpA (MIL:PQ) 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.

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

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.576	+	0.75 * 38.214	+	0.5 * 37.473	-	124.516
-	0	-	0)	/	47.7509
=	-0.87

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

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

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	37.4505	/	51.656	*	365 / 2
	=	132.31

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	51.656	/	37.4505
	=	1.38

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	37.4505	/	85.94
	=	0.44

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.

Piquadro SpA Total Inventories Related Terms

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Piquadro SpA (MIL:PQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

4LZ:Germany

Address

Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041

Website

https://www.piquadro.com

Piquadro SpA operates in the leather goods market. The company designs, manufactures and markets goods under its own brand name. Its products include women's bags, travel bags, briefcases, belts, wallets, key rings, cigar cases among others. The company's operating segment includes Piquadro; The Bridge and Lancel. It generates maximum revenue from the Lancel segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Italy and the Rest of the World.

Piquadro SpA (MIL:PQ) Headlines

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