Racing Force SpA (MIL:RFG) Change In Inventory : €-5.78 Mil (TTM As of Dec. 2023)

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What is Racing Force SpA Change In Inventory?

Racing Force SpA's change in inventory for the quarter that ended in Dec. 2023 was €0.00 Mil. It means Racing Force SpA's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Racing Force SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €-3.51 Mil. It means Racing Force SpA's inventory increased by €3.51 Mil from Dec. 2022 to Dec. 2023 .

Racing Force SpA's Total Inventories for the quarter that ended in Dec. 2023 was €25.10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Racing Force SpA's Days Inventory for the quarter that ended in Dec. 2023 was 436.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Racing Force SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

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. Racing Force SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.92.

Racing Force SpA Change In Inventory Historical Data

The historical data trend for Racing Force SpA's Change In 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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Racing Force SpA Change In Inventory Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.30

-3.44

-6.90

-3.51

Racing Force SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-3.10	-1.30	-5.60	-0.18	-

Racing Force SpA Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-5.78 Mil.

Racing Force SpA (MIL:RFG) Change In Inventory Explanation

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

Racing Force SpA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	23.4365	/	9.797	*	365 / 2
	=	436.58

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

Racing Force SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.797	/	23.4365
	=	0.42

3. 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.

Racing Force SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.4365	/	25.452
	=	0.92

Racing Force SpA Change In Inventory Related Terms

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Racing Force SpA (MIL:RFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (MIL:RFG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

ALRFG:France

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.