Fenix Entertainment SpA (MIL:FNX) Days Inventory : 308.22 (As of Jun. 2023)

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What is Fenix Entertainment SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fenix Entertainment SpA's Average Total Inventories for the six months ended in Jun. 2023 was €0.46 Mil. Fenix Entertainment SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.27 Mil. Hence, Fenix Entertainment SpA's Days Inventory for the six months ended in Jun. 2023 was 308.22.

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

MIL:FNX' s Days Inventory Range Over the Past 10 Years
Min: 4.91 Med: 6.24 Max: 17.58
Current: 17.58

During the past 5 years, Fenix Entertainment SpA's highest Days Inventory was 17.58. The lowest was 4.91. And the median was 6.24.

MIL:FNX's Days Inventory is ranked better than
57.66% of 659 companies
in the Media - Diversified industry
Industry Median: 25.44 vs MIL:FNX: 17.58

Fenix Entertainment SpA's Days Inventory increased from Jun. 2022 (12.28) to Jun. 2023 (308.22). It might indicate that Fenix Entertainment SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fenix Entertainment SpA's Inventory Turnover for the six months ended in Jun. 2023 was 0.59.

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. Fenix Entertainment SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.06.

Fenix Entertainment SpA Days Inventory Historical Data

The historical data trend for Fenix Entertainment 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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Fenix Entertainment SpA Days Inventory Chart

Fenix Entertainment SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

7.56

4.91

Fenix Entertainment SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial				-	5.16	12.28	4.34	308.22

Competitive Comparison of Fenix Entertainment SpA's Days Inventory

For the Entertainment subindustry, Fenix Entertainment 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.

Fenix Entertainment SpA's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fenix Entertainment SpA's Days Inventory distribution charts can be found below:

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

Fenix Entertainment SpA Days Inventory Calculation

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

Fenix Entertainment 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
=	( (0.16	+	0.127)	/	2 )	/	10.661	*	365
=	0.1435					/	10.661	*	365
=	4.91

Fenix Entertainment 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
=	( (0.127	+	0.785)	/	2 )	/	0.27	*	365 / 2
=	0.456					/	0.27	*	365 / 2
=	308.22

Fenix Entertainment SpA (MIL:FNX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.27	/	0.456
	=	0.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.456	/	7.449
	=	0.06

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.

Fenix Entertainment SpA Days Inventory Related Terms

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

Fenix Entertainment SpA (MIL:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fenix Entertainment SpA (MIL:FNX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sede legale Viale Giuseppe Mazzini, Rome, ITA, 134 - 00195

Website

https://www.fenixent.com

Fenix Entertainment SpA is engaged in exploitation of the distribution rights of the films acquired; production and co-production of films and soundtracks for the Italian market and distribution of the same; production and co-production of sound recordings, and their distribution; search for talented people in the film and sound sector with sponsorship e-participation in national and international events and marketing and communication.