Gruppo Green Power SpA (MIL:GGP) Inventory Turnover : 2.78 (As of Jun. 2020)

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What is Gruppo Green Power 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. Gruppo Green Power SpA's Cost of Goods Sold for the six months ended in Jun. 2020 was €3.80 Mil. Gruppo Green Power SpA's Average Total Inventories for the quarter that ended in Jun. 2020 was €1.37 Mil. Gruppo Green Power SpA's Inventory Turnover for the quarter that ended in Jun. 2020 was 2.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gruppo Green Power SpA's Days Inventory for the six months ended in Jun. 2020 was 65.63.

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. Gruppo Green Power SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.41.

Gruppo Green Power SpA Inventory Turnover Historical Data

The historical data trend for Gruppo Green Power 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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Gruppo Green Power SpA Inventory Turnover Chart

Gruppo Green Power SpA Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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8.16

5.16

5.85

5.78

7.64

Gruppo Green Power SpA Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Inventory Turnover	Get a 7-Day Free Trial													2.78	3.30	3.47	3.61	2.78

Gruppo Green Power SpA Inventory Turnover Calculation

Gruppo Green Power SpA's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	13.013	/ (	(1.93	+	1.478)	/	2 )
=	13.013	/	1.704
=	7.64

Gruppo Green Power SpA's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

	Inventory Turnover (Q: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )
=	3.797	/ (	(1.478	+	1.253)	/	2 )
=	3.797	/	1.3655
=	2.78

Gruppo Green Power SpA (MIL:GGP) 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.

Gruppo Green Power SpA's Days Inventory for the six months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	1.3655	/	3.797	*	365 / 2
	=	65.63

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.

Gruppo Green Power SpA's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	1.3655	/	3.332
	=	0.41

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.

Gruppo Green Power SpA Inventory Turnover Related Terms

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Gruppo Green Power SpA (MIL:GGP) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gruppo Green Power SpA (MIL:GGP) » Definitions » Inventory Turnover

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Address

Via Varotara 57, Mirano, ITA, 30035

Website

http://www.gruppogreenpower.com

Gruppo Green Power S.p.A., provides services related to energy from renewable resources, such as water, sun, wind and geothermal energy. It offers photovoltaic systems, mini wind solar thermal systems and services.

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