Res SpA (MIL:RES) Days Inventory : 15.39 (As of Dec. 2023)

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What is Res SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Res SpA's Average Total Inventories for the six months ended in Dec. 2023 was €0.52 Mil. Res SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.17 Mil. Hence, Res SpA's Days Inventory for the six months ended in Dec. 2023 was 15.39.

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

MIL:RES' s Days Inventory Range Over the Past 10 Years
Min: 11.16 Med: 15.61 Max: 19.23
Current: 14.26

During the past 3 years, Res SpA's highest Days Inventory was 19.23. The lowest was 11.16. And the median was 15.61.

MIL:RES's Days Inventory is ranked better than
62.09% of 211 companies
in the Waste Management industry
Industry Median: 23.5 vs MIL:RES: 14.26

Res SpA's Days Inventory increased from Dec. 2022 (9.08) to Dec. 2023 (15.39). It might indicate that Res SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Res SpA's Inventory Turnover for the six months ended in Dec. 2023 was 11.86.

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. Res SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Res SpA Days Inventory Historical Data

The historical data trend for Res 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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Res SpA Days Inventory Chart

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

19.23

11.16

15.61

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	16.06	9.08	11.76	15.39

Competitive Comparison of Res SpA's Days Inventory

For the Waste Management subindustry, Res 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.

Res SpA's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Res SpA's Days Inventory distribution charts can be found below:

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

Res SpA Days Inventory Calculation

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

Res 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
=	( (0.4	+	0.651)	/	2 )	/	12.29	*	365
=	0.5255					/	12.29	*	365
=	15.61

Res 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
=	( (0.389	+	0.651)	/	2 )	/	6.168	*	365 / 2
=	0.52					/	6.168	*	365 / 2
=	15.39

Res SpA (MIL:RES) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.168	/	0.52
	=	11.86

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.52	/	9.641
	=	0.05

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.

Res SpA Days Inventory Related Terms

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

Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.