Eligo SpA (MIL:ELG) Days Inventory : 8.70 (As of Jun. 2023)

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What is Eligo SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eligo SpA's Average Total Inventories for the six months ended in Jun. 2023 was €0.08 Mil. Eligo SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €1.68 Mil. Hence, Eligo SpA's Days Inventory for the six months ended in Jun. 2023 was 8.70.

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

MIL:ELG' s Days Inventory Range Over the Past 10 Years
Min: 10.9 Med: 22.58 Max: 22.58
Current: 10.9

During the past 2 years, Eligo SpA's highest Days Inventory was 22.58. The lowest was 10.90. And the median was 22.58.

MIL:ELG's Days Inventory is not ranked
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 104.35 vs MIL:ELG: 10.90

Eligo SpA's Days Inventory increased from Jun. 2022 (0.00) to Jun. 2023 (8.70). It might indicate that Eligo SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eligo SpA's Inventory Turnover for the six months ended in Jun. 2023 was 20.98.

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. Eligo SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.09.

Eligo SpA Days Inventory Historical Data

The historical data trend for Eligo 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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Eligo SpA Days Inventory Chart

Eligo SpA Annual Data

Trend

Dec21

Dec22

Days Inventory

22.58

Eligo SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Days Inventory	-	-	19.69	8.70

Competitive Comparison of Eligo SpA's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Eligo 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.

Eligo SpA's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Eligo SpA's Days Inventory distribution charts can be found below:

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

Eligo SpA Days Inventory Calculation

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

Eligo SpA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.108)	/	1 )	/	1.746	*	365
=	0.108					/	1.746	*	365
=	22.58

Eligo SpA's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.108	+	0.052)	/	2 )	/	1.678	*	365 / 2
=	0.08					/	1.678	*	365 / 2
=	8.70

Eligo SpA (MIL:ELG) 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.

Eligo SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.678	/	0.08
	=	20.98

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.

Eligo SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.08	/	0.878
	=	0.09

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.

Eligo SpA Days Inventory Related Terms

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

Eligo SpA (MIL:ELG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Eligo SpA (MIL:ELG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Marco D'Oggiono, 1, Milano, ITA

Website

https://www.eligo.it

Eligo SpA is dedicated to regaining the original roots of the timeless beauty of Italian, based on the imagination of craftsmen and the elegance of Italian design, with the mission of recapturing the original roots of its beauty. Eligo's partners include artisan's workshops, long-established italian companies, such as Berti Knives, Busatti Fabrics, and Valobra Soaps. The company's projects represent the key concepts of italian living and bring the brand vision into interior design projects.

Eligo SpA (MIL:ELG) Headlines

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