Safilo Group SpA (Safilo Group SpA) Days Inventory : 201.55 (As of Dec. 2023)

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What is Safilo Group SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Safilo Group SpA's Average Total Inventories for the six months ended in Dec. 2023 was $250 Mil. Safilo Group SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was $226 Mil. Hence, Safilo Group SpA's Days Inventory for the six months ended in Dec. 2023 was 201.55.

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

SAFLF' s Days Inventory Range Over the Past 10 Years
Min: 168.41 Med: 187.35 Max: 202.86
Current: 199.18

During the past 13 years, Safilo Group SpA's highest Days Inventory was 202.86. The lowest was 168.41. And the median was 187.35.

SAFLF's Days Inventory is ranked worse than
51.86% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 192.65 vs SAFLF: 199.18

Safilo Group SpA's Days Inventory declined from Dec. 2022 (205.73) to Dec. 2023 (201.55).

Inventory Turnover measures how fast the company turns over its inventory within a year. Safilo Group SpA's Inventory Turnover for the six months ended in Dec. 2023 was 0.91.

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. Safilo Group SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.48.

Safilo Group SpA Days Inventory Historical Data

The historical data trend for Safilo Group 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.

* Premium members only.

Safilo Group SpA Days Inventory Chart

Safilo Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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189.23

180.26

174.31

193.83

199.78

Safilo Group SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															184.06	181.84	205.73	190.71	201.55

Competitive Comparison of Safilo Group SpA's Days Inventory

For the Medical Instruments & Supplies subindustry, Safilo Group 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.

Safilo Group SpA's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Safilo Group SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Safilo Group SpA's Days Inventory falls into.

Safilo Group SpA Days Inventory Calculation

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

Safilo Group 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
=	( (274.343	+	249.718)	/	2 )	/	478.731	*	365
=	262.0305					/	478.731	*	365
=	199.78

Safilo Group 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
=	( (249.964	+	249.718)	/	2 )	/	226.228	*	365 / 2
=	249.841					/	226.228	*	365 / 2
=	201.55

Safilo Group SpA (OTCPK:SAFLF) 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.

Safilo Group SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	226.228	/	249.841
	=	0.91

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.

Safilo Group SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	249.841	/	517.55
	=	0.48

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.

Safilo Group SpA Days Inventory Related Terms

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

Safilo Group SpA (Safilo Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Safilo Group SpA (OTCPK:SAFLF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SFL:Italy 0NJ5:UK S5U5:Germany

Address

Settima Strada, 15, Padua, ITA, 35129

Website

https://www.safilogroup.com

Safilo Group SpA makes sunglasses and prescription eyewear. It is engaged in design, production, and wholesale distribution of its products through a network of independent distributors and commercial subsidiaries. Its products are sold through the Carrera, Smith, Polaroid and Oxydo brands, as well as a range of other licensed brands. The company operates solely through the wholesale segment channels and divides itself into the following four geographical segments: Italy, Europe, America, and Asia. The company earns most of its revenue from the America business segment.

Safilo Group SpA (Safilo Group SpA) Headlines

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