Convergenze SpA (MIL:CVG) Days Inventory : 6.34 (As of Jun. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Convergenze SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Convergenze SpA's Average Total Inventories for the six months ended in Jun. 2023 was €0.27 Mil. Convergenze SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €7.65 Mil. Hence, Convergenze SpA's Days Inventory for the six months ended in Jun. 2023 was 6.34.

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

MIL:CVG' s Days Inventory Range Over the Past 10 Years
Min: 2.75 Med: 3.65 Max: 7.03
Current: 7.03

During the past 6 years, Convergenze SpA's highest Days Inventory was 7.03. The lowest was 2.75. And the median was 3.65.

MIL:CVG's Days Inventory is ranked better than
80.41% of 296 companies
in the Telecommunication Services industry
Industry Median: 19.14 vs MIL:CVG: 7.03

Convergenze SpA's Days Inventory increased from Dec. 2021 (4.86) to Jun. 2023 (6.34). It might indicate that Convergenze SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Convergenze SpA's Inventory Turnover for the six months ended in Jun. 2023 was 28.80.

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 six months ended in Jun. 2023 was 0.03.

Convergenze SpA Days Inventory Historical Data

The historical data trend for Convergenze 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.

Convergenze SpA Days Inventory Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

2.75

3.70

4.68

6.99

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					4.93	4.86	3.88	6.34	6.84

Competitive Comparison of Convergenze SpA's Days Inventory

For the Telecom Services subindustry, Convergenze 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.

Convergenze SpA's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Convergenze SpA's Days Inventory distribution charts can be found below:

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

Convergenze SpA Days Inventory Calculation

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 fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.224	+	0.296)	/	2 )	/	0	*	365
=	0.26					/	0	*	365
=	N/A

Convergenze SpA's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.232	+	0.299)	/	2 )	/	7.647	*	365 / 2
=	0.2655					/	7.647	*	365 / 2
=	6.34

Convergenze SpA (MIL:CVG) 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.

Convergenze SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.647	/	0.2655
	=	28.80

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.

Convergenze SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2655	/	10.417
	=	0.03

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.

Convergenze SpA Days Inventory Related Terms

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

Convergenze SpA (MIL:CVG) Business Description

Industry

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