POSaBIT Systems (XCNQ:PBIT) Change In Inventory : C$0.92 Mil (TTM As of Dec. 2023)

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What is POSaBIT Systems Change In Inventory?

POSaBIT Systems's change in inventory for the quarter that ended in Dec. 2023 was C$1.32 Mil. It means POSaBIT Systems's inventory declined by C$1.32 Mil from Sep. 2023 to Dec. 2023 .

POSaBIT Systems's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.92 Mil. It means POSaBIT Systems's inventory declined by C$0.92 Mil from Dec. 2022 to Dec. 2023 .

POSaBIT Systems's Total Inventories for the quarter that ended in Dec. 2023 was C$0.02 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. POSaBIT Systems's Days Inventory for the quarter that ended in Dec. 2023 was 11.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. POSaBIT Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.90.

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. POSaBIT Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

POSaBIT Systems Change In Inventory Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Change In Inventory Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.01

-0.05

-0.77

0.11

0.92

POSaBIT Systems Quarterly Data
	Jan19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.03	-0.13	-0.08	-0.19	1.32

POSaBIT Systems 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 quarterly data reported by the company within the most recent 12 months, which was C$0.92 Mil.

POSaBIT Systems (XCNQ:PBIT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.684	/	5.407	*	365 / 4
	=	11.54

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.407	/	0.684
	=	7.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.684	/	6.739
	=	0.10

POSaBIT Systems Change In Inventory Related Terms

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POSaBIT Systems (XCNQ:PBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Change In Inventory

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POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

POSaBIT Systems (XCNQ:PBIT) Headlines

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