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A.b.p. Nocivelli SpA (MIL:ABP) Inventory Turnover : 2.10 (As of Dec. 2023)


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What is A.b.p. Nocivelli 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. A.b.p. Nocivelli SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €28.08 Mil. A.b.p. Nocivelli SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €13.36 Mil. A.b.p. Nocivelli SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. A.b.p. Nocivelli SpA's Days Inventory for the six months ended in Dec. 2023 was 86.85.

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. A.b.p. Nocivelli SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

A.b.p. Nocivelli SpA Inventory Turnover Historical Data

The historical data trend for A.b.p. Nocivelli 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.

* Premium members only.

A.b.p. Nocivelli SpA Inventory Turnover Chart

A.b.p. Nocivelli SpA Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
1.02 6.20 10.80 3.89 4.61

A.b.p. Nocivelli SpA Semi-Annual Data
Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 2.33 1.74 2.54 2.16 2.10

A.b.p. Nocivelli SpA Inventory Turnover Calculation

A.b.p. Nocivelli SpA's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=56.724 / ((12.471 + 12.148) / 2 )
=56.724 / 12.3095
=4.61

A.b.p. Nocivelli SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=28.075 / ((12.148 + 14.572) / 2 )
=28.075 / 13.36
=2.10

* 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.

A.b.p. Nocivelli SpA  (MIL:ABP) 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.

A.b.p. Nocivelli SpA's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=13.36/28.075*365 / 2
=86.85

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.

A.b.p. Nocivelli SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=13.36 / 40.246
=0.33

* 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.

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.

A.b.p. Nocivelli SpA Inventory Turnover Related Terms

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A.b.p. Nocivelli SpA (MIL:ABP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » A.b.p. Nocivelli SpA (MIL:ABP) » Definitions » Inventory Turnover
Comparable Companies
SZSE:300629 SZSE:300185 SZSE:301000 SZSE:300963 SZSE:300976 SZSE:003043 SZSE:300988 SZSE:300690 SZSE:301196 SZSE:301261 NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 NSE:IOC XKAZ:KMGZ TSE:5020 DINO
Traded in Other Exchanges
N/A
Address
Via Padana Superiore 67, Castegnato, ITA, 25045
Website
http://www.abpnocivelli.com
A.b.p. Nocivelli SpA is engaged in the trading of petroleum products and lubricants. It offers storage, distribution, and customer services. Additionally, the firm provides Facility Management services.

A.b.p. Nocivelli SpA (MIL:ABP) Headlines

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