Orbit Technologies (XTAE:ORBI) Change In Inventory : ₪-5.9 Mil (TTM As of Jun. 2023)

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What is Orbit Technologies Change In Inventory?

Orbit Technologies's change in inventory for the quarter that ended in Jun. 2023 was ₪-0.2 Mil. It means Orbit Technologies's inventory increased by ₪0.2 Mil from Mar. 2023 to Jun. 2023 .

Orbit Technologies's change in inventory for the fiscal year that ended in Dec. 2022 was ₪-12.1 Mil. It means Orbit Technologies's inventory increased by ₪12.1 Mil from Dec. 2021 to Dec. 2022 .

Orbit Technologies's Total Inventories for the quarter that ended in Jun. 2023 was ₪41.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orbit Technologies's Days Inventory for the quarter that ended in Jun. 2023 was 103.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orbit Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.88.

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. Orbit Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.71.

Orbit Technologies Change In Inventory Historical Data

The historical data trend for Orbit Technologies'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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Orbit Technologies Change In Inventory Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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1.33

0.58

6.07

-0.90

-12.14

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Change In Inventory	Get a 7-Day Free Trial						-1.90	-2.70	-	-5.71	-0.20

Orbit Technologies 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-5.9 Mil.

Orbit Technologies (XTAE:ORBI) Change In Inventory Explanation

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

Orbit Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	41.313	/	36.555	*	365 / 4
	=	103.13

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

Orbit Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	36.555	/	41.313
	=	0.88

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.

Orbit Technologies's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	41.313	/	58.086
	=	0.71

Orbit Technologies Change In Inventory Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Change In Inventory

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Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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