Tessco Technologies (Tessco Technologies) Change In Inventory : $-17.4 Mil (TTM As of Mar. 2023)

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What is Tessco Technologies Change In Inventory?

Tessco Technologies's change in inventory for the quarter that ended in Mar. 2023 was $-2.5 Mil. It means Tessco Technologies's inventory increased by $2.5 Mil from Dec. 2022 to Mar. 2023 .

Tessco Technologies's change in inventory for the fiscal year that ended in Mar. 2023 was $-17.4 Mil. It means Tessco Technologies's inventory increased by $17.4 Mil from Mar. 2022 to Mar. 2023 .

Tessco Technologies's Total Inventories for the quarter that ended in Mar. 2023 was $73.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tessco Technologies's Days Inventory for the quarter that ended in Mar. 2023 was 78.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tessco Technologies's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.16.

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. Tessco Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.69.

Tessco Technologies Change In Inventory Historical Data

The historical data trend for Tessco 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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Tessco Technologies Change In Inventory Chart

Tessco Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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0.48

2.70

9.28

-1.69

-17.41

Tessco Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															-4.42	-3.84	-10.79	-0.28	-2.50

Tessco 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.4 Mil.

Tessco Technologies (NAS:TESS) Change In Inventory Explanation

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

Tessco 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
	=	72.105	/	83.366	*	365 / 4
	=	78.92

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	83.366	/	72.105
	=	1.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	72.105	/	104.201
	=	0.69

Tessco Technologies Change In Inventory Related Terms

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Tessco Technologies (Tessco Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tessco Technologies Inc (NAS:TESS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

11126 McCormick Road, Hunt Valley, MD, USA, 21031

Website

https://www.tessco.com

Tessco Technologies Inc is a United States-based value-added technology distributor, manufacturer, and solutions provider. The company supplies wireless communications products for network infrastructure, site support, and fixed and mobile broadband networks. It offers products related to power systems, Wi-Fi Networks, Broadband, DAS((Distributed Antenna Systems) for In-Building Cellular and Public Safety Coverage, IoT (Internet of Things), Mobile Devices and Accessories, and others. The operating segments of the company are Carrier and Commercial, of which the majority of the revenue is derived from the Commercial segment.

Executives

Barnhill Robert B Jr	10 percent owner	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Thad Lowe	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Tammy Ridgley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Michael Brodsky	other: See Explanation of Responses	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Matthew W Brewer	other: See Explanation of Responses	C/O BARTLIT BECK LLP, 54 WEST HUBBARD #3B, CHICAGO IL 60654
Kenneth J Spangler	other: See Explanation of Responses	90 FEDEX PARKWAY, 2ND FLOOR VERTICAL, COLLIERVILLE TN 38017
Joseph H Quaglia	other: See Explanation of Responses	5350 TECH DATA DRIVE, CLEARWATER FL 33760
J Timothy Bryan	director	11700 PLAZA AMERICA DRIVE, SUITE 1010, RESTON VA 20190
Lakeview Investment Group & Trading Co Llc	10 percent owner	444 WEST LAKE STREET, SUITE 1900, CHICAGO IL 60606
Steven T Campbell	director	8410 W. BRYN MAWR, CHICAGO IL 60631
Vernon Irvin	director	C/O EVERBRIDGE, INC., 25 CORPORATE DRIVE, BURLINGTON MA 02108
Paul J Gaffney	director	N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051
Kathleen Mclean	director	C/O FAIRPOINT COMMUNICATIONS, INC., 521 E. MOREHEAD STREET, SUITE 500, CHARLOTTE NC 28202
Joseph Cawley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Abl Manager Llc	10 percent owner	444 W. LAKE #1900, CHICAGO IL 60606