FINMY (Leonardo SpA) Inventory Turnover : 2.19 (As of Sep. 2024)

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What is Leonardo 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. Leonardo SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was $4,073 Mil. Leonardo SpA's Average Total Inventories for the quarter that ended in Sep. 2024 was $1,857 Mil. Leonardo SpA's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leonardo SpA's Days Inventory for the three months ended in Sep. 2024 was 41.60.

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. Leonardo SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.41.

Leonardo SpA Inventory Turnover Historical Data

The historical data trend for Leonardo 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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Leonardo SpA Inventory Turnover Chart

Leonardo SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.15

3.06

2.99

3.09

Leonardo SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.84	1.43	1.15	3.68	2.19

Leonardo SpA Inventory Turnover Calculation

Leonardo 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 )
=	14875.681	/ (	(4503.178	+	5123.228)	/	2 )
=	14875.681	/	4813.203
=	3.09

Leonardo SpA's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	4073.252	/ (	(0	+	1856.826)	/	1 )
=	4073.252	/	1856.826
=	2.19

Leonardo SpA (OTCPK:FINMY) 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.

Leonardo SpA's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1856.826	/	4073.252	*	365 / 4
	=	41.60

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.

Leonardo SpA's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1856.826	/	4540.511
	=	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.

Leonardo SpA Inventory Turnover Related Terms

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Leonardo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo SpA (OTCPK:FINMY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FINMF:USA LDO:Italy LDOm:UK 0ONG:UK FMNB:Germany LDO:Austria

Address

Piazza Monte Grappa 4, Rome, ITA, 00195

Website

https://www.leonardo.com

Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group's divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the US defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.