Eni SpA (MIL:ENI) Days Inventory : 29.45 (As of Mar. 2024)

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What is Eni SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eni SpA's Average Total Inventories for the three months ended in Mar. 2024 was €6,235 Mil. Eni SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €19,319 Mil. Hence, Eni SpA's Days Inventory for the three months ended in Mar. 2024 was 29.45.

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

MIL:ENI' s Days Inventory Range Over the Past 10 Years
Min: 22.92 Med: 30.12 Max: 38.54
Current: 30.3

During the past 13 years, Eni SpA's highest Days Inventory was 38.54. The lowest was 22.92. And the median was 30.12.

MIL:ENI's Days Inventory is ranked better than
50.96% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs MIL:ENI: 30.30

Eni SpA's Days Inventory increased from Mar. 2023 (27.11) to Mar. 2024 (29.45). It might indicate that Eni SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eni SpA's Inventory Turnover for the three months ended in Mar. 2024 was 3.10.

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. Eni SpA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.27.

Eni SpA Days Inventory Historical Data

The historical data trend for Eni 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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Eni SpA Days Inventory Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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29.04

38.54

29.05

22.92

31.19

Eni SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															27.11	33.61	31.59	27.39	29.45

Competitive Comparison of Eni SpA's Days Inventory

For the Oil & Gas Integrated subindustry, Eni 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.

Eni SpA's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Days Inventory distribution charts can be found below:

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

Eni SpA Days Inventory Calculation

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

Eni 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
=	( (7709	+	6186)	/	2 )	/	81315	*	365
=	6947.5					/	81315	*	365
=	31.19

Eni SpA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (6186	+	6283)	/	2 )	/	19319	*	365 / 4
=	6234.5					/	19319	*	365 / 4
=	29.45

Eni SpA (MIL:ENI) 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.

Eni SpA's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19319	/	6234.5
	=	3.10

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.

Eni SpA's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6234.5	/	22936
	=	0.27

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.

Eni SpA Days Inventory Related Terms

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

Eni SpA (MIL:ENI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (MIL:ENI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EIPAF:USA E:USA 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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