Eles SpA (MIL:ELES) Days Inventory : 260.48 (As of Jun. 2023)

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What is Eles SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eles SpA's Average Total Inventories for the six months ended in Jun. 2023 was €11.41 Mil. Eles SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €7.99 Mil. Hence, Eles SpA's Days Inventory for the six months ended in Jun. 2023 was 260.48.

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

MIL:ELES' s Days Inventory Range Over the Past 10 Years
Min: 89.71 Med: 135.17 Max: 199.66
Current: 199.66

During the past 6 years, Eles SpA's highest Days Inventory was 199.66. The lowest was 89.71. And the median was 135.17.

MIL:ELES's Days Inventory is ranked worse than
72.85% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs MIL:ELES: 199.66

Eles SpA's Days Inventory increased from Jun. 2022 (196.44) to Jun. 2023 (260.48). It might indicate that Eles SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eles SpA's Inventory Turnover for the six months ended in Jun. 2023 was 0.70.

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. Eles SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.78.

Eles SpA Days Inventory Historical Data

The historical data trend for Eles 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.

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Eles SpA Days Inventory Chart

Eles SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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89.71

128.46

125.99

169.89

177.85

Eles SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial							132.43	171.83	196.44	152.60	260.48

Competitive Comparison of Eles SpA's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Eles 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.

Eles SpA's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Eles SpA's Days Inventory distribution charts can be found below:

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

Eles SpA Days Inventory Calculation

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

Eles 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
=	( (7.184	+	10.032)	/	2 )	/	17.666	*	365
=	8.608					/	17.666	*	365
=	177.85

Eles 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: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (10.032	+	12.779)	/	2 )	/	7.991	*	365 / 2
=	11.4055					/	7.991	*	365 / 2
=	260.48

Eles SpA (MIL:ELES) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.991	/	11.4055
	=	0.70

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.4055	/	14.55
	=	0.78

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.

Eles SpA Days Inventory Related Terms

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

Eles SpA (MIL:ELES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Eles SpA (MIL:ELES) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

1EP:Germany

Address

Zona Bodoglie, 148/1/Z, Todi, ITA

Website

https://www.eles.com

Eles SpA is engaged in providing semiconductor reliability test solutions. The solutions offered by the company include Smart Power, MEMS, Soc, Power Train, Avionics, Navy, Body Control and Comfort and Infotainment.

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