TXT e-solutions SpA (CHIX:TXTM) Inventory Turnover : 1.34 (As of Mar. 2024)

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What is TXT e-solutions SpA Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. TXT e-solutions SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €25.1 Mil. TXT e-solutions SpA's Average Total Inventories for the quarter that ended in Mar. 2024 was €18.7 Mil. TXT e-solutions SpA's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TXT e-solutions SpA's Days Inventory for the three months ended in Mar. 2024 was 68.24.

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. TXT e-solutions SpA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

TXT e-solutions SpA Inventory Turnover Historical Data

The historical data trend for TXT e-solutions SpA's Inventory Turnover 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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TXT e-solutions SpA Inventory Turnover Chart

TXT e-solutions SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.34

3.33

4.82

3.93

TXT e-solutions SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	1.17	1.34

TXT e-solutions SpA Inventory Turnover Calculation

TXT e-solutions SpA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	73.561	/ (	(0	+	18.733)	/	1 )
=	73.561	/	18.733
=	3.93

TXT e-solutions SpA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	25.05	/ (	(18.733	+	0)	/	1 )
=	25.05	/	18.733
=	1.34

TXT e-solutions SpA (CHIX:TXTm) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

TXT e-solutions SpA's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	18.733	/	25.05	*	365 / 4
	=	68.24

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.

TXT e-solutions SpA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	18.733	/	67.127
	=	0.28

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

TXT e-solutions SpA Inventory Turnover Related Terms

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TXT e-solutions SpA (CHIX:TXTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TXT e-solutions SpA (CHIX:TXTm) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TXT:Italy TXE:Germany

Address

Via Milano, No. 150, Cologno Monzese, Milan, ITA, 20093

Website

https://www.txtgroup.com

TXT e-solutions SpA is an Italy-based company. The company provides software and service solutions. Its products are used in the information technology sector (IT). The company business units include aerospace and aviation and Fintech. It generates maximum revenue from Aerospace, A&A segment. Geographically, it has a presence in Italy, Germany, the United Kingdom, France, Switzerland, and the USA.