Arras Group SpA (MIL:AGU) Inventory Turnover : 0.04 (As of Dec. 2022)

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What is Arras Group 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. Arras Group SpA's Cost of Goods Sold for the six months ended in Dec. 2022 was €0.04 Mil. Arras Group SpA's Average Total Inventories for the quarter that ended in Dec. 2022 was €1.16 Mil. Arras Group SpA's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arras Group SpA's Days Inventory for the six months ended in Dec. 2022 was 4,815.51.

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. Arras Group SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 17.59.

Arras Group SpA Inventory Turnover Historical Data

The historical data trend for Arras Group 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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Arras Group SpA Inventory Turnover Chart

Arras Group SpA Annual Data

Trend

Dec21

Dec22

Inventory Turnover

-0.03

0.04

Arras Group SpA Semi-Annual Data
	Dec21	Dec22
Inventory Turnover	-0.03	0.04

Arras Group SpA Inventory Turnover Calculation

Arras Group SpA's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.044	/ (	(0.401	+	1.921)	/	2 )
=	0.044	/	1.161
=	0.04

Arras Group SpA's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	0.044	/ (	(0.401	+	1.921)	/	2 )
=	0.044	/	1.161
=	0.04

Arras Group SpA (MIL:AGU) 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.

Arras Group SpA's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	1.161	/	0.044	*	365 / 2
	=	4,815.51

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.

Arras Group SpA's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	1.161	/	0.066
	=	17.59

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.

Arras Group SpA Inventory Turnover Related Terms

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Arras Group SpA (MIL:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arras Group SpA (MIL:AGU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

6ZU:Germany

Address

Largo Domodossola 7, Milan, ITA, 20145

Website

https://www.arrasgroupspa.com

Arras Group SpA is a technological real estate development company for second homes, which currently operates in the Sardinian territory (in particular, in the north and south of the island), and is aimed at both Italian and foreign high-income customers. The Real Estate Projects developed by the Group typically arise in prestigious seaside locations in Sardinia, with the possibility of enjoying large internal and external spaces, as usually requested by national and international buyers interested in buying second homes. Its projects include Cannigione Sunrise, I Villini del Poetto, Seaside Costa Paradiso, The Tower Calasetta, Castle View, and others.