Magic Software Enterprises (Magic Software Enterprises) Change In Inventory : $0.0 Mil (TTM As of Sep. 2023)

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What is Magic Software Enterprises Change In Inventory?

Magic Software Enterprises's change in inventory for the quarter that ended in Sep. 2023 was $0.0 Mil. It means Magic Software Enterprises's inventory stayed the same from Jun. 2023 to Sep. 2023 .

Magic Software Enterprises's change in inventory for the fiscal year that ended in Dec. 2022 was $0.0 Mil. It means Magic Software Enterprises's inventory stayed the same from Dec. 2021 to Dec. 2022 .

Magic Software Enterprises's Total Inventories for the quarter that ended in Sep. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magic Software Enterprises's Days Inventory for the quarter that ended in Sep. 2023 was 0.00.

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

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. Magic Software Enterprises's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Magic Software Enterprises Change In Inventory Historical Data

The historical data trend for Magic Software Enterprises'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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Magic Software Enterprises Change In Inventory Chart

Magic Software Enterprises Annual Data

Trend

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Change In Inventory

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Magic Software Enterprises Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Magic Software Enterprises 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 $0.0 Mil.

Magic Software Enterprises (NAS:MGIC) Change In Inventory Explanation

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

Magic Software Enterprises'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	/	92.647	*	365 / 4
	=	0.00

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

Magic Software Enterprises's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	92.647	/	0
	=	N/A

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.

Magic Software Enterprises's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	129.484
	=	0.00

Magic Software Enterprises Change In Inventory Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

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

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.