Tenax International SpA (MIL:TNX) Change In Inventory : €-2.30 Mil (TTM As of Dec. 2023)

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What is Tenax International SpA Change In Inventory?

Tenax International SpA's change in inventory for the quarter that ended in Dec. 2023 was €0.19 Mil. It means Tenax International SpA's inventory declined by €0.19 Mil from Jun. 2023 to Dec. 2023 .

Tenax International SpA's change in inventory for the fiscal year that ended in Dec. 2023 was €-2.30 Mil. It means Tenax International SpA's inventory increased by €2.30 Mil from Dec. 2022 to Dec. 2023 .

Tenax International SpA's Total Inventories for the quarter that ended in Dec. 2023 was €8.65 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tenax International SpA's Days Inventory for the quarter that ended in Dec. 2023 was 201.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tenax International SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.90.

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. Tenax International SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.

Tenax International SpA Change In Inventory Historical Data

The historical data trend for Tenax International SpA'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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Tenax International SpA Change In Inventory Chart

Tenax International SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.75

-1.01

-0.39

-1.10

-2.30

Tenax International SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial					0.52	-1.22	0.12	-2.49	0.19

Tenax International SpA 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 €-2.30 Mil.

Tenax International SpA (MIL:TNX) Change In Inventory Explanation

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

Tenax International SpA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.7425	/	7.905	*	365 / 2
	=	201.84

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.905	/	8.7425
	=	0.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.7425	/	11.513
	=	0.76

Tenax International SpA Change In Inventory Related Terms

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Tenax International SpA (MIL:TNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tenax International SpA (MIL:TNX) » Definitions » Change In Inventory

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Address

Via Balduina 3, Rio Saliceto, ITA, 42010

Website

https://www.tenaxinternational.com

Tenax International SpA is engaged in designing and production of low-voltage electric road sweepers and street washers in Italy. The company also offers pre-owned street washers and road sweepers.

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