Autogrill SpA (MIL:AGL) Inventory Turnover : 12.75 (As of Dec. 2022)

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What is Autogrill 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. Autogrill SpA's Cost of Goods Sold for the six months ended in Dec. 2022 was €1,748 Mil. Autogrill SpA's Average Total Inventories for the quarter that ended in Dec. 2022 was €137 Mil. Autogrill SpA's Inventory Turnover for the quarter that ended in Dec. 2022 was 12.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Autogrill SpA's Days Inventory for the six months ended in Dec. 2022 was 14.32.

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. Autogrill SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.05.

Autogrill SpA Inventory Turnover Historical Data

The historical data trend for Autogrill 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.

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Autogrill SpA Inventory Turnover Chart

Autogrill SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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29.29

28.78

14.92

18.98

24.69

Autogrill SpA Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															7.70	7.68	11.53	10.38	12.75

Autogrill SpA Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	3084.546	/ (	(116.54	+	133.291)	/	2 )
=	3084.546	/	124.9155
=	24.69

Autogrill SpA's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	1747.851	/ (	(140.946	+	133.291)	/	2 )
=	1747.851	/	137.1185
=	12.75

Autogrill SpA (MIL:AGL) 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.

Autogrill SpA's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	137.1185	/	1747.851	*	365 / 2
	=	14.32

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.

Autogrill SpA's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	137.1185	/	2551.105
	=	0.05

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.

Autogrill SpA Inventory Turnover Related Terms

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Autogrill SpA (MIL:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Autogrill SpA (MIL:AGL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Centro Direzionale Milanofiori, Palazzo Z, Strada 5, Rozzano, ITA, 20089

Website

https://www.autogrill.com

Autogrill SpA operates thousands of food and beverage concession stands designed mostly for travellers. It has thousands of locations along motorways and in airports, train stations, and shopping centers. Autogrill's concession stands operate both as proprietary brands, such as Ciao, Bistrot, Puro Gusto, Motta, and Beaudeven, as well as licensed local and international brands, such as Starbucks, Burger King, and Brioche Doree. Roughly half of the company's revenue is generated in North America, where the company has most of its airport locations. The remaining revenue comes from Europe, where the company has far more total locations consisting mostly of locations along motorways in Italy and other parts of Europe.