Convergenze SpA (MIL:CVG) Change In Inventory : €-0.01 Mil (TTM As of Dec. 2023)

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What is Convergenze SpA Change In Inventory?

Convergenze SpA's change in inventory for the quarter that ended in Dec. 2023 was €-0.01 Mil. It means Convergenze SpA's inventory increased by €0.01 Mil from Jun. 2023 to Dec. 2023 .

Convergenze SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €-0.01 Mil. It means Convergenze SpA's inventory increased by €0.01 Mil from Dec. 2022 to Dec. 2023 .

Convergenze SpA's Total Inventories for the quarter that ended in Dec. 2023 was €0.31 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Convergenze SpA's Days Inventory for the quarter that ended in Dec. 2023 was 6.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Convergenze SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.98.

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. Convergenze SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Convergenze SpA Change In Inventory Historical Data

The historical data trend for Convergenze SpA's Change In 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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Convergenze SpA Change In Inventory Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.04

-0.08

-0.07

-0.01

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial						0.04	-0.01	-0.06	-	-0.01

Convergenze SpA Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.01 Mil.

Convergenze SpA (MIL:CVG) Change In Inventory Explanation

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

Convergenze SpA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.303	/	8.782	*	365 / 2
	=	6.30

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.782	/	0.303
	=	28.98

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.303	/	12.443
	=	0.02

Convergenze SpA Change In Inventory Related Terms

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Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.