Omer SpA (MIL:OMER) Inventory Turnover : 1.08 (As of Dec. 2023)

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What is Omer 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. Omer SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €16.83 Mil. Omer SpA's Average Total Inventories for the quarter that ended in Dec. 2023 was €15.65 Mil. Omer SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omer SpA's Days Inventory for the six months ended in Dec. 2023 was 169.66.

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. Omer SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Omer SpA Inventory Turnover Historical Data

The historical data trend for Omer 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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Omer SpA Inventory Turnover Chart

Omer SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.55

2.58

2.17

1.91

2.09

Omer SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				0.95	0.96	0.82	1.11	1.08

Omer SpA Inventory Turnover Calculation

Omer 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 )
=	35.343	/ (	(17.979	+	15.854)	/	2 )
=	35.343	/	16.9165
=	2.09

Omer 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 )
=	16.83	/ (	(15.438	+	15.854)	/	2 )
=	16.83	/	15.646
=	1.08

Omer SpA (MIL:OMER) 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.

Omer 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
	=	15.646	/	16.83	*	365 / 2
	=	169.66

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.

Omer 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 )
	=	15.646	/	34.118
	=	0.46

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.

Omer SpA Inventory Turnover Related Terms

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Omer SpA (MIL:OMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omer SpA (MIL:OMER) » Definitions » Inventory Turnover

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Traded in Other Exchanges

9WR:Germany

Address

Via Foresto, 42, Susegana, ITA, 31058

Website

https://www.omerspa.com

Omer SpA is engaged in the design, production and sale of power tools and the relevant fasteners. Its products include Pneumatic tools and fasteners, Industrial staples under the brand's More, Omer USA, Omer Hungary, Velo, Rapter, Black Magic among others.