E-Globe SpA (FRA:NZ0) Days Inventory : 71.52 (As of Dec. 2023)

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What is E-Globe SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). E-Globe SpA's Average Total Inventories for the six months ended in Dec. 2023 was €4.50 Mil. E-Globe SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €22.97 Mil. Hence, E-Globe SpA's Days Inventory for the six months ended in Dec. 2023 was 35.76.

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

FRA:NZ0' s Days Inventory Range Over the Past 10 Years
Min: 63.75 Med: 71.52 Max: 84.42
Current: 71.52

During the past 3 years, E-Globe SpA's highest Days Inventory was 84.42. The lowest was 63.75. And the median was 71.52.

FRA:NZ0's Days Inventory is ranked worse than
59.64% of 1390 companies
in the Construction industry
Industry Median: 48.575 vs FRA:NZ0: 71.52

E-Globe SpA's Days Inventory declined from Dec. 2021 (84.42) to Dec. 2023 (71.52).

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. E-Globe SpA's Inventory Turnover for the six months ended in Dec. 2023 was 5.10.

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. E-Globe SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.15.

E-Globe SpA Days Inventory Historical Data

The historical data trend for E-Globe 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.

E-Globe SpA Days Inventory Chart

E-Globe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

84.42

63.75

71.52

E-Globe SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Days Inventory	84.42	63.75	71.52

Competitive Comparison of E-Globe SpA's Days Inventory

For the Building Products & Equipment subindustry, E-Globe 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.

E-Globe SpA's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, E-Globe SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where E-Globe SpA's Days Inventory falls into.

E-Globe SpA Days Inventory Calculation

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

E-Globe 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
=	( (3.988	+	5.013)	/	2 )	/	22.968	*	365
=	4.5005					/	22.968	*	365
=	71.52

E-Globe 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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.988	+	5.013)	/	2 )	/	22.968	*	365 / 2
=	4.5005					/	22.968	*	365 / 2
=	35.76

E-Globe SpA (FRA:NZ0) 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.

E-Globe SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.968	/	4.5005
	=	5.10

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.

E-Globe SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.5005	/	29.601
	=	0.15

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.

E-Globe SpA Days Inventory Related Terms

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

E-Globe SpA (FRA:NZ0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » E-Globe SpA (FRA:NZ0) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EGB:Italy

Address

Loc. Lipuda industrial area, Cirò Marina, ITA, 88811

Website

https://www.e-globe.it

E-Globe SpA is an Italian Based Company which designs and distributes State of the art thermo-hydraulic and conditioning systems. The Company specializes in the sale of air conditioners, fan coils, electric pumps, solar panels, boilers and stoves. The company is associated with various brands such as ABB, aquatherm, ariston, Baxi, and carrier.

E-Globe SpA (FRA:NZ0) Headlines

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