Ashtead Group (Ashtead Group) Change In Inventory : $34 Mil (TTM As of Jan. 2024)

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What is Ashtead Group Change In Inventory?

Ashtead Group's change in inventory for the quarter that ended in Jan. 2024 was $-6 Mil. It means Ashtead Group's inventory increased by $6 Mil from Oct. 2023 to Jan. 2024 .

Ashtead Group's change in inventory for the fiscal year that ended in Apr. 2023 was $-5 Mil. It means Ashtead Group's inventory increased by $5 Mil from Apr. 2022 to Apr. 2023 .

Ashtead Group's Total Inventories for the quarter that ended in Jan. 2024 was $193 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashtead Group's Days Inventory for the quarter that ended in Jan. 2024 was 59.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ashtead Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.54.

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. Ashtead Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.07.

Ashtead Group Change In Inventory Historical Data

The historical data trend for Ashtead 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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Ashtead Group Change In Inventory Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Inventory

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-19.27

-0.62

5.30

-67.20

-4.70

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-17.90	40.00	-4.00	4.00	-6.30

Ashtead 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $34 Mil.

Ashtead Group (OTCPK:ASHTF) Change In Inventory Explanation

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

Ashtead 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
	=	186.45	/	286.9	*	365 / 4
	=	59.30

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

Ashtead Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	286.9	/	186.45
	=	1.54

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.

Ashtead Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	186.45	/	2657.8
	=	0.07

Ashtead Group Change In Inventory Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Change In Inventory

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Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.