Strattec Security (FRA:SS8) Change In Inventory : €-8.3 Mil (TTM As of Mar. 2024)

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What is Strattec Security Change In Inventory?

Strattec Security's change in inventory for the quarter that ended in Mar. 2024 was €10.0 Mil. It means Strattec Security's inventory declined by €10.0 Mil from Dec. 2023 to Mar. 2024 .

Strattec Security's change in inventory for the fiscal year that ended in Jun. 2023 was €2.7 Mil. It means Strattec Security's inventory declined by €2.7 Mil from Jun. 2022 to Jun. 2023 .

Strattec Security's Total Inventories for the quarter that ended in Mar. 2024 was €72.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strattec Security's Days Inventory for the quarter that ended in Mar. 2024 was 60.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strattec Security's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.50.

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. Strattec Security's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Strattec Security Change In Inventory Historical Data

The historical data trend for Strattec Security'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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Strattec Security Change In Inventory Chart

Strattec Security Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-0.54

-6.34

-13.66

-9.10

2.66

Strattec Security 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															-1.65	-7.37	-3.53	-7.40	9.96

Strattec Security 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 €-8.3 Mil.

Strattec Security (FRA:SS8) Change In Inventory Explanation

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

Strattec Security's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	77.1695	/	116.002	*	365 / 4
	=	60.70

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

Strattec Security's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	116.002	/	77.1695
	=	1.50

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.

Strattec Security's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	77.1695	/	129.511
	=	0.60

Strattec Security Change In Inventory Related Terms

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Strattec Security (FRA:SS8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strattec Security Corp (FRA:SS8) » Definitions » Change In Inventory

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Traded in Other Exchanges

STRT:USA SS8:Germany

Address

3333 West Good Hope Road, Milwaukee, WI, USA, 53209

Website

https://www.strattec.com

Strattec Security Corp designs develops, manufactures and markets mechanical locks, electronically enhanced locks and keys. It also produces ignition lock housings; access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

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