Giglio Group SpA (MIL:GG) Inventory Turnover : 5.55 (As of Sep. 2023)

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What is Giglio 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. Giglio Group SpA's Cost of Goods Sold for the three months ended in Sep. 2023 was €5.90 Mil. Giglio Group SpA's Average Total Inventories for the quarter that ended in Sep. 2023 was €1.06 Mil. Giglio Group SpA's Inventory Turnover for the quarter that ended in Sep. 2023 was 5.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Giglio Group SpA's Days Inventory for the three months ended in Sep. 2023 was 16.43.

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. Giglio Group SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.15.

Giglio Group SpA Inventory Turnover Historical Data

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

Giglio Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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5.78

9.61

19.18

16.89

17.39

Giglio Group SpA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															4.61	5.27	3.73	3.28	5.55

Giglio Group SpA Inventory Turnover Calculation

Giglio 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 )
=	33.014	/ (	(2.238	+	1.559)	/	2 )
=	33.014	/	1.8985
=	17.39

Giglio Group SpA's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	5.897	/ (	(0.953	+	1.171)	/	2 )
=	5.897	/	1.062
=	5.55

Giglio Group SpA (MIL:GG) 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.

Giglio Group SpA's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.062	/	5.897	*	365 / 4
	=	16.43

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.

Giglio Group SpA's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.062	/	7.215
	=	0.15

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.

Giglio Group SpA Inventory Turnover Related Terms

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Giglio Group SpA (MIL:GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Giglio Group SpA (MIL:GG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

5JR:Germany

Address

Piazza Diaz 6, Milan, ITA, 20123

Website

https://www.giglio.org

Giglio Group SpA is engaged in the e-commerce of high-end fashion products, in the design products' sector and in the food segment.. It offers tailor-made B2B and B2C services to the Luxury Fashion industry as well as other industries, mainly with "Made in Italy" brands. It operates through the below segments: B2B e-commerce, B2C e-commerce and Corporate. It generates majority revenue from the B2B e-commerce.