Geox SpA (MIL:GEO) Inventory Turnover : 0.63 (As of Dec. 2023)

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What is Geox 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. Geox SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €181.7 Mil. Geox SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €290.5 Mil. Geox SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Geox SpA's Days Inventory for the six months ended in Dec. 2023 was 291.71.

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. Geox SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.79.

Geox SpA Inventory Turnover Historical Data

The historical data trend for Geox 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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Geox SpA Inventory Turnover Chart

Geox SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.36

1.10

1.28

1.46

1.25

Geox SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.70	0.71	0.75	0.58	0.63

Geox SpA Inventory Turnover Calculation

Geox 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 )
=	355.011	/ (	(290.165	+	275.979)	/	2 )
=	355.011	/	283.072
=	1.25

Geox 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 )
=	181.739	/ (	(305.004	+	275.979)	/	2 )
=	181.739	/	290.4915
=	0.63

Geox SpA (MIL:GEO) 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.

Geox 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
	=	290.4915	/	181.739	*	365 / 2
	=	291.71

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.

Geox 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 )
	=	290.4915	/	365.968
	=	0.79

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.

Geox SpA Inventory Turnover Related Terms

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Geox SpA (MIL:GEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Geox SpA (MIL:GEO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0KHH:UK GHH:Germany

Address

Via Feltrina Centro, 16, Biadene di Montebelluna, Treviso, ITA, 31044

Website

https://www.geox.biz

Geox SpA is engaged in the production and sales of footwear and apparel to retail and end-customers under the Geox brand. Due to technological solutions. It also grants distribution rights and the use of the brand name to third parties in the markets where it has no direct presence. The operating segments of the group are based on its products, namely Footwear and Apparel. It derives a majority of the revenue from the Footwear segment which relates to the sale of footwear products. The company has a commercial presence in Italy, Europe, North America, and other countries where its key revenue comes from Europe.