Italian Wine Brands SpA (MIL:IWB) Days Inventory : 81.03 (As of Dec. 2023)

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What is Italian Wine Brands SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Italian Wine Brands SpA's Average Total Inventories for the six months ended in Dec. 2023 was €87.2 Mil. Italian Wine Brands SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €196.3 Mil. Hence, Italian Wine Brands SpA's Days Inventory for the six months ended in Dec. 2023 was 81.03.

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

MIL:IWB' s Days Inventory Range Over the Past 10 Years
Min: 48.52 Med: 54.2 Max: 91.96
Current: 90.17

During the past 9 years, Italian Wine Brands SpA's highest Days Inventory was 91.96. The lowest was 48.52. And the median was 54.20.

MIL:IWB's Days Inventory is ranked better than
68.45% of 206 companies
in the Beverages - Alcoholic industry
Industry Median: 160.955 vs MIL:IWB: 90.17

Italian Wine Brands SpA's Days Inventory declined from Dec. 2022 (88.32) to Dec. 2023 (81.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Italian Wine Brands SpA's Inventory Turnover for the six months ended in Dec. 2023 was 2.25.

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. Italian Wine Brands SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.38.

Italian Wine Brands SpA Days Inventory Historical Data

The historical data trend for Italian Wine Brands 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.

Italian Wine Brands SpA Days Inventory Chart

Italian Wine Brands SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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53.58

48.52

69.14

91.96

86.20

Italian Wine Brands SpA Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial													54.41	94.80	88.32	105.09	81.03

Competitive Comparison of Italian Wine Brands SpA's Days Inventory

For the Beverages - Wineries & Distilleries subindustry, Italian Wine Brands 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.

Italian Wine Brands SpA's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Italian Wine Brands SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Italian Wine Brands SpA's Days Inventory falls into.

Italian Wine Brands SpA Days Inventory Calculation

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

Italian Wine Brands 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
=	( (96.359	+	76.171)	/	2 )	/	365.274	*	365
=	86.265					/	365.274	*	365
=	86.20

Italian Wine Brands 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (98.193	+	76.171)	/	2 )	/	196.347	*	365 / 2
=	87.182					/	196.347	*	365 / 2
=	81.03

Italian Wine Brands SpA (MIL:IWB) 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.

Italian Wine Brands SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	196.347	/	87.182
	=	2.25

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.

Italian Wine Brands SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	87.182	/	232.349
	=	0.38

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.

Italian Wine Brands SpA Days Inventory Related Terms

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

Italian Wine Brands SpA (MIL:IWB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Italian Wine Brands SpA (MIL:IWB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MR3:Germany

Address

Viale Abruzzi 94, Milan, ITA, 20131

Website

https://www.italianwinebrands.it

Italian Wine Brands SpA through its subsidiaries is engaged in the production and distribution of wine in Italy. The group works through two different sales channels namely Distance Selling and Wholesale. The company also offers gourmet food products, coffee, and extra virgin olive oil, to Terre dei Gigli and Italian Art Cafe brands. The company operates in Europe and rest of the world.