RedFish LongTerm Capital SpA (MIL:RFLTC) Days Inventory : 122.60 (As of Dec. 2023)

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What is RedFish LongTerm Capital SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RedFish LongTerm Capital SpA's Average Total Inventories for the six months ended in Dec. 2023 was €7.80 Mil. RedFish LongTerm Capital SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €11.62 Mil. Hence, RedFish LongTerm Capital SpA's Days Inventory for the six months ended in Dec. 2023 was 122.60.

The historical rank and industry rank for RedFish LongTerm Capital SpA's Days Inventory or its related term are showing as below:

MIL:RFLTC' s Days Inventory Range Over the Past 10 Years
Min: 183.13 Med: 197.1 Max: 197.1
Current: 183.13

During the past 3 years, RedFish LongTerm Capital SpA's highest Days Inventory was 197.10. The lowest was 183.13. And the median was 197.10.

MIL:RFLTC's Days Inventory is ranked worse than
68.67% of 166 companies
in the Asset Management industry
Industry Median: 77.395 vs MIL:RFLTC: 183.13

RedFish LongTerm Capital SpA's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (122.60). It might indicate that RedFish LongTerm Capital SpA's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. RedFish LongTerm Capital SpA's Inventory Turnover for the six months ended in Dec. 2023 was 1.49.

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. RedFish LongTerm Capital SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.56.

RedFish LongTerm Capital SpA Days Inventory Historical Data

The historical data trend for RedFish LongTerm Capital SpA's Days Inventory 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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RedFish LongTerm Capital SpA Days Inventory Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

197.10

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	-	-	334.17	122.60

Competitive Comparison of RedFish LongTerm Capital SpA's Days Inventory

For the Asset Management subindustry, RedFish LongTerm Capital SpA's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RedFish LongTerm Capital SpA's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where RedFish LongTerm Capital SpA's Days Inventory falls into.

RedFish LongTerm Capital SpA Days Inventory Calculation

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

RedFish LongTerm Capital SpA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	8.398)	/	1 )	/	15.552	*	365
=	8.398					/	15.552	*	365
=	197.10

RedFish LongTerm Capital SpA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.207	+	8.398)	/	2 )	/	11.615	*	365 / 2
=	7.8025					/	11.615	*	365 / 2
=	122.60

RedFish LongTerm Capital SpA (MIL:RFLTC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

RedFish LongTerm Capital SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.615	/	7.8025
	=	1.49

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.

RedFish LongTerm Capital SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.8025	/	13.929
	=	0.56

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

RedFish LongTerm Capital SpA Days Inventory Related Terms

Thank you for viewing the detailed overview of RedFish LongTerm Capital SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

RedFish LongTerm Capital SpA (MIL:RFLTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

RedFish LongTerm Capital SpA (MIL:RFLTC) Headlines

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