Confinvest FL SpA (MIL:CFV) Days Inventory : 47.60 (As of Dec. 2023)

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What is Confinvest FL SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Confinvest FL SpA's Average Total Inventories for the six months ended in Dec. 2023 was €5.15 Mil. Confinvest FL SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €19.75 Mil. Hence, Confinvest FL SpA's Days Inventory for the six months ended in Dec. 2023 was 47.60.

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

MIL:CFV' s Days Inventory Range Over the Past 10 Years
Min: 24.14 Med: 34.74 Max: 96.63
Current: 47.18

During the past 7 years, Confinvest FL SpA's highest Days Inventory was 96.63. The lowest was 24.14. And the median was 34.74.

MIL:CFV's Days Inventory is ranked better than
54.79% of 219 companies
in the Capital Markets industry
Industry Median: 61.76 vs MIL:CFV: 47.18

Confinvest FL SpA's Days Inventory declined from Dec. 2022 (49.35) to Dec. 2023 (47.60).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Confinvest FL SpA's Inventory Turnover for the six months ended in Dec. 2023 was 3.83.

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. Confinvest FL SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

Confinvest FL SpA Days Inventory Historical Data

The historical data trend for Confinvest FL 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.

Confinvest FL SpA Days Inventory Chart

Confinvest FL SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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34.74

24.14

30.17

32.96

49.74

Confinvest FL SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								36.94	21.35	49.35	44.14	47.60

Competitive Comparison of Confinvest FL SpA's Days Inventory

For the Capital Markets subindustry, Confinvest FL 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.

Confinvest FL SpA's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Confinvest FL SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Confinvest FL SpA's Days Inventory falls into.

Confinvest FL SpA Days Inventory Calculation

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

Confinvest FL 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
=	( (4.74	+	5.832)	/	2 )	/	38.789	*	365
=	5.286					/	38.789	*	365
=	49.74

Confinvest FL 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
=	( (4.47	+	5.832)	/	2 )	/	19.749	*	365 / 2
=	5.151					/	19.749	*	365 / 2
=	47.60

Confinvest FL SpA (MIL:CFV) 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.

Confinvest FL SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.749	/	5.151
	=	3.83

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.

Confinvest FL SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.151	/	20.509
	=	0.25

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.

Confinvest FL SpA Days Inventory Related Terms

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

Confinvest FL SpA (MIL:CFV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Confinvest FL SpA (MIL:CFV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via della Posta, 8 - Piazza Affari, Milan, ITA, 20123

Website

https://www.confinvest.it

Confinvest FL SpA operates in the Italian physical investment gold market. It offers various solutions and services such as daily prices of gold, physical gold custody service, accumulation plan in physical gold and others.