Ituran Location and Control (Ituran Location and Control) Change In Inventory

: $1.1 Mil (TTM As of Dec. 2023)

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Ituran Location and Control's change in inventory for the quarter that ended in Dec. 2023 was $0.2 Mil. It means Ituran Location and Control's inventory declined by $0.2 Mil from Sep. 2023 to Dec. 2023 .

Ituran Location and Control's change in inventory for the fiscal year that ended in Dec. 2023 was $1.1 Mil. It means Ituran Location and Control's inventory declined by $1.1 Mil from Dec. 2022 to Dec. 2023 .

Ituran Location and Control's Total Inventories for the quarter that ended in Dec. 2023 was $26.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ituran Location and Control's Days Inventory for the quarter that ended in Dec. 2023 was 61.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ituran Location and Control's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.49.

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. Ituran Location and Control's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Ituran Location and Control Change In Inventory Historical Data

The historical data trend for Ituran Location and Control'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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Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3.82

3.12

-3.84

-5.84

1.10

Ituran Location and Control 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															2.98	-0.16	-0.45	1.51	0.20

Ituran Location and Control 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 $1.1 Mil.

Ituran Location and Control (NAS:ITRN) Change In Inventory Explanation

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

Ituran Location and Control's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	26.4985	/	39.408	*	365 / 4
	=	61.36

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

Ituran Location and Control's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.408	/	26.4985
	=	1.49

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.

Ituran Location and Control's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.4985	/	77.808
	=	0.34

Ituran Location and Control Change In Inventory Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.