2 Cheap Cars Group (NZSE:2CC) Change In Inventory : NZ$0.00 Mil (TTM As of Mar. 2024)

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What is 2 Cheap Cars Group Change In Inventory?

2 Cheap Cars Group's change in inventory for the quarter that ended in Mar. 2024 was NZ$0.00 Mil. It means 2 Cheap Cars Group's inventory stayed the same from Sep. 2023 to Mar. 2024 .

2 Cheap Cars Group's change in inventory for the fiscal year that ended in Mar. 2024 was NZ$0.00 Mil. It means 2 Cheap Cars Group's inventory stayed the same from Mar. 2023 to Mar. 2024 .

2 Cheap Cars Group's Total Inventories for the quarter that ended in Mar. 2024 was NZ$13.87 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 2 Cheap Cars Group's Days Inventory for the quarter that ended in Mar. 2024 was 63.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. 2 Cheap Cars Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.87.

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. 2 Cheap Cars Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

2 Cheap Cars Group Change In Inventory Historical Data

The historical data trend for 2 Cheap Cars 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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2 Cheap Cars Group Change In Inventory Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Change In Inventory

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Inventory	Get a 7-Day Free Trial			-	-	-	-	-

2 Cheap Cars 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 semi-annually data reported by the company within the most recent 12 months, which was NZ$0.00 Mil.

2 Cheap Cars Group (NZSE:2CC) Change In Inventory Explanation

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

2 Cheap Cars 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
	=	12.032	/	34.525	*	365 / 2
	=	63.60

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

2 Cheap Cars Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	34.525	/	12.032
	=	2.87

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.

2 Cheap Cars Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.032	/	44.378
	=	0.27

2 Cheap Cars Group Change In Inventory Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

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