Health Italia SpA (MIL:HI) Days Inventory : 0.00 (As of Dec. 2023)

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What is Health Italia SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Health Italia SpA's Average Total Inventories for the six months ended in Dec. 2023 was €0.00 Mil. Health Italia SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €10.96 Mil. Hence, Health Italia SpA's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

MIL:HI' s Days Inventory Range Over the Past 10 Years
Min: 24.77 Med: 40.66 Max: 53.42
Current: 28.64

During the past 9 years, Health Italia SpA's highest Days Inventory was 53.42. The lowest was 24.77. And the median was 40.66.

MIL:HI's Days Inventory is ranked worse than
57.14% of 7 companies
in the Healthcare Plans industry
Industry Median: 28.64 vs MIL:HI: 28.64

Health Italia SpA's Days Inventory declined from Dec. 2022 (25.05) to Dec. 2023 (0.00).

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

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. Health Italia SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Health Italia SpA Days Inventory Historical Data

The historical data trend for Health Italia 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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Health Italia SpA Days Inventory Chart

Health Italia SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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42.77

50.26

31.64

24.77

27.00

Health Italia SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												24.10	26.18	25.05	25.68	-

Competitive Comparison of Health Italia SpA's Days Inventory

For the Healthcare Plans subindustry, Health Italia 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.

Health Italia SpA's Days Inventory Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Health Italia SpA's Days Inventory distribution charts can be found below:

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

Health Italia SpA Days Inventory Calculation

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

Health Italia 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
=	( (1.71	+	0)	/	1 )	/	23.116	*	365
=	1.71					/	23.116	*	365
=	27.00

Health Italia 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
=	( (0	+	0)	/	1 )	/	10.963	*	365 / 2
=	0					/	10.963	*	365 / 2
=	0.00

Health Italia SpA (MIL:HI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.963	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	17.964
	=	0.00

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.

Health Italia SpA Days Inventory Related Terms

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

Health Italia SpA (MIL:HI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Health Italia SpA (MIL:HI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6I5:Germany

Address

Via di Santa Cornelia, 9, Formello, ITA, 00060

Website

http://www.healthitalia.it

Health Italia SpA is an Italy based company engaged in offering integrated healthcare services. It operates in the promotion of integrated and alternative healthcare solutions and provides administrative, liquidation, information technology and consulting services for health funds, health care funds and mutual-aid companies. In addition, the group is also active in the corporate welfare market and manages outsourced flexible benefit welfare plans.