Strip Tinning Holdings (LSE:STG) Change In Inventory : £0.56 Mil (TTM As of Dec. 2023)

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What is Strip Tinning Holdings Change In Inventory?

Strip Tinning Holdings's change in inventory for the quarter that ended in Dec. 2023 was £0.23 Mil. It means Strip Tinning Holdings's inventory declined by £0.23 Mil from Jun. 2023 to Dec. 2023 .

Strip Tinning Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was £0.56 Mil. It means Strip Tinning Holdings's inventory declined by £0.56 Mil from Dec. 2022 to Dec. 2023 .

Strip Tinning Holdings's Total Inventories for the quarter that ended in Dec. 2023 was £1.29 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strip Tinning Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 75.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strip Tinning Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.41.

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. Strip Tinning Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Strip Tinning Holdings Change In Inventory Historical Data

The historical data trend for Strip Tinning Holdings'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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Strip Tinning Holdings Change In Inventory Chart

Strip Tinning Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.24

-0.25

-0.49

0.17

0.56

Strip Tinning Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial					0.08	-0.30	0.47	0.33	0.23

Strip Tinning Holdings 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 £0.56 Mil.

Strip Tinning Holdings (LSE:STG) Change In Inventory Explanation

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

Strip Tinning Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.4025	/	3.383	*	365 / 2
	=	75.66

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.383	/	1.4025
	=	2.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.4025	/	5.18
	=	0.27

Strip Tinning Holdings Change In Inventory Related Terms

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Strip Tinning Holdings (LSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » Change In Inventory

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Address

Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA

Website

https://www.striptinning.com

Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.