Alta Equipment Group (FRA:4ZL) Change In Inventory : €-220 Mil (TTM As of Mar. 2024)

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What is Alta Equipment Group Change In Inventory?

Alta Equipment Group's change in inventory for the quarter that ended in Mar. 2024 was €-61 Mil. It means Alta Equipment Group's inventory increased by €61 Mil from Dec. 2023 to Mar. 2024 .

Alta Equipment Group's change in inventory for the fiscal year that ended in Dec. 2023 was €-263 Mil. It means Alta Equipment Group's inventory increased by €263 Mil from Dec. 2022 to Dec. 2023 .

Alta Equipment Group's Total Inventories for the quarter that ended in Mar. 2024 was €509 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alta Equipment Group's Days Inventory for the quarter that ended in Mar. 2024 was 153.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alta Equipment Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

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. Alta Equipment Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.23.

Alta Equipment Group Change In Inventory Historical Data

The historical data trend for Alta Equipment Group's Change In Inventory 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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Alta Equipment Group Change In Inventory Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-112.20

-136.38

-257.33

-262.54

Alta Equipment Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-106.76	-79.66	-43.85	-35.67	-61.00

Alta Equipment Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-220 Mil.

Alta Equipment Group (FRA:4ZL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Alta Equipment Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	498.028	/	295.32	*	365 / 4
	=	153.88

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Alta Equipment Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	295.32	/	498.028
	=	0.59

3. 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.

Alta Equipment Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	498.028	/	406.272
	=	1.23

Alta Equipment Group Change In Inventory Related Terms

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Alta Equipment Group (FRA:4ZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (FRA:4ZL) » Definitions » Change In Inventory

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ALTGpA.PFD:USA ALTG:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

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