Ferretti SpA (CHIX:YACHTM) Inventory Turnover : 1.31 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Ferretti SpA Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ferretti SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €394 Mil. Ferretti SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €300 Mil. Ferretti SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ferretti SpA's Days Inventory for the six months ended in Dec. 2023 was 138.98.

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. Ferretti SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

Ferretti SpA Inventory Turnover Historical Data

The historical data trend for Ferretti SpA's Inventory Turnover 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.

Ferretti SpA Inventory Turnover Chart

Ferretti SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.49

2.42

4.12

4.27

2.95

Ferretti SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				2.49	2.66	2.05	1.72	1.31

Ferretti SpA Inventory Turnover Calculation

Ferretti SpA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	791.332	/ (	(198.12	+	337.732)	/	2 )
=	791.332	/	267.926
=	2.95

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	394.257	/ (	(262.765	+	337.732)	/	2 )
=	394.257	/	300.2485
=	1.31

Ferretti SpA (CHIX:YACHTm) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Ferretti SpA's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	300.2485	/	394.257	*	365 / 2
	=	138.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	300.2485	/	553.643
	=	0.54

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ferretti SpA Inventory Turnover Related Terms

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

Ferretti SpA (CHIX:YACHTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferretti SpA (CHIX:YACHTm) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

YACHT:Italy 09638:Hong Kong F3T1:Germany

Address

Via Ansaldo, 7, Forli, ITA, 47122

Website

https://www.ferrettigroup.com

Ferretti SpA is an Italy based company. The company is engaged in the Sale of yachts to order (sale of composite yachts, made-to-measure yachts and super yachts) and the Sale of used boats.

Ferretti SpA (CHIX:YACHTM) Headlines

No Headlines