Tier1 Technology (XMAD:TR1) Change In Inventory : €0.07 Mil (TTM As of Dec. 2023)

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What is Tier1 Technology Change In Inventory?

Tier1 Technology's change in inventory for the quarter that ended in Dec. 2023 was €-0.02 Mil. It means Tier1 Technology's inventory increased by €0.02 Mil from Jun. 2023 to Dec. 2023 .

Tier1 Technology's change in inventory for the fiscal year that ended in Dec. 2023 was €0.07 Mil. It means Tier1 Technology's inventory declined by €0.07 Mil from Dec. 2022 to Dec. 2023 .

Tier1 Technology's Total Inventories for the quarter that ended in Dec. 2023 was €0.24 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tier1 Technology's Days Inventory for the quarter that ended in Dec. 2023 was 5.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tier1 Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 32.20.

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. Tier1 Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Tier1 Technology Change In Inventory Historical Data

The historical data trend for Tier1 Technology'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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Tier1 Technology Change In Inventory Chart

Tier1 Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.05

-0.29

0.07

Tier1 Technology Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial											0.08	-0.11	-0.18	0.10	-0.02

Tier1 Technology 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 €0.07 Mil.

Tier1 Technology (XMAD:TR1) Change In Inventory Explanation

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

Tier1 Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.2255	/	7.261	*	365 / 2
	=	5.67

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

Tier1 Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.261	/	0.2255
	=	32.20

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.

Tier1 Technology's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2255	/	10.964
	=	0.02

Tier1 Technology Change In Inventory Related Terms

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Tier1 Technology (XMAD:TR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tier1 Technology SA (XMAD:TR1) » Definitions » Change In Inventory

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V78:Germany

Address

C / Boabdil 6, Beds, Edificio Vega 7, Seville, ESP, 41900

Website

https://www.tier1.es

Tier1 Technology SA provides computer services. It is focused on the development of its software products. Tier1 builds IT solutions for business processes such as purchasing, sales, finance, logistics, asset management, and others.

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