Formula Systems (1985) (Formula Systems (1985)) Change In Inventory : $0 Mil (TTM As of Sep. 2023)

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What is Formula Systems (1985) Change In Inventory?

Formula Systems (1985)'s change in inventory for the quarter that ended in Sep. 2023 was $0 Mil. It means Formula Systems (1985)'s inventory stayed the same from Jun. 2023 to Sep. 2023 .

Formula Systems (1985)'s change in inventory for the fiscal year that ended in Dec. 2022 was $-14 Mil. It means Formula Systems (1985)'s inventory increased by $14 Mil from Dec. 2021 to Dec. 2022 .

Formula Systems (1985)'s Total Inventories for the quarter that ended in Sep. 2023 was $37 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Formula Systems (1985)'s Days Inventory for the quarter that ended in Sep. 2023 was 7.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Formula Systems (1985)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 12.94.

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. Formula Systems (1985)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.06.

Formula Systems (1985) Change In Inventory Historical Data

The historical data trend for Formula Systems (1985)'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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Formula Systems (1985) Change In Inventory Chart

Formula Systems (1985) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.94

-10.97

4.64

-13.76

Formula Systems (1985) Quarterly Data
	Mar19	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															-	-	-	-	-

Formula Systems (1985) 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Formula Systems (1985) (NAS:FORTY) Change In Inventory Explanation

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

Formula Systems (1985)'s Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	38.265	/	495.222	*	365 / 4
	=	7.05

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

Formula Systems (1985)'s Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	495.222	/	38.265
	=	12.94

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.

Formula Systems (1985)'s Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.265	/	654.839
	=	0.06

Formula Systems (1985) Change In Inventory Related Terms

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Formula Systems (1985) (Formula Systems (1985)) Business Description

Industry

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FORTY:Israel FSY:Germany FSY:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501

Website

https://www.formulasystems.com

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.