Nexteq (LSE:NXQ) Change In Inventory : £6.77 Mil (TTM As of Dec. 2023)

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What is Nexteq Change In Inventory?

Nexteq's change in inventory for the quarter that ended in Dec. 2023 was £6.39 Mil. It means Nexteq's inventory declined by £6.39 Mil from Jun. 2023 to Dec. 2023 .

Nexteq's change in inventory for the fiscal year that ended in Dec. 2023 was £6.77 Mil. It means Nexteq's inventory declined by £6.77 Mil from Dec. 2022 to Dec. 2023 .

Nexteq's Total Inventories for the quarter that ended in Dec. 2023 was £19.23 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexteq's Days Inventory for the quarter that ended in Dec. 2023 was 142.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nexteq's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.28.

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. Nexteq's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Nexteq Change In Inventory Historical Data

The historical data trend for Nexteq'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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Nexteq Change In Inventory Chart

Nexteq Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.37

0.01

-5.82

-3.80

6.77

Nexteq Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-3.56	-5.53	1.78	0.39	6.39

Nexteq 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £6.77 Mil.

Nexteq (LSE:NXQ) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	22.1225	/	28.285	*	365 / 2
	=	142.74

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

Nexteq's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.285	/	22.1225
	=	1.28

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.

Nexteq's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.1225	/	45.866
	=	0.48

Nexteq Change In Inventory Related Terms

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Nexteq (LSE:NXQ) Business Description

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NXQ_GB:UK

Address

Station Road, The Galleria, Crawley, GBR, RH10 1WW

Website

https://www.nexteqplc.com

Nexteq PLC is a technology partner to industrial equipment manufacturers. The group's specialist outsourced solutions serve a range of selected end markets through its two divisions, Quixant and Densitron, enabling its customers to innovate where it matters most. Quixant designs and engineers gaming computers, software systems and accessories for the gaming and sports betting industries. Densitron produces a wide range of human machine interface hardware to global industrial markets, with key focus areas being the broadcast and medical sectors.

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