Smiths News (AQSE:CNCT.GB) Change In Inventory : £2 Mil (TTM As of Feb. 2024)

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What is Smiths News Change In Inventory?

Smiths News's change in inventory for the quarter that ended in Feb. 2024 was £1 Mil. It means Smiths News's inventory declined by £1 Mil from Aug. 2023 to Feb. 2024 .

Smiths News's change in inventory for the fiscal year that ended in Aug. 2023 was £-2 Mil. It means Smiths News's inventory increased by £2 Mil from Aug. 2022 to Aug. 2023 .

Smiths News's Total Inventories for the quarter that ended in Feb. 2024 was £17 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smiths News's Days Inventory for the quarter that ended in Feb. 2024 was 6.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smiths News's Inventory Turnover for the quarter that ended in Feb. 2024 was 29.02.

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. Smiths News's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.03.

Smiths News Change In Inventory Historical Data

The historical data trend for Smiths News'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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Smiths News Change In Inventory Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Inventory

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-2.80

2.20

0.70

-2.40

-2.10

Smiths News Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-1.40	-1.00	-3.20	1.10	0.60

Smiths News 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £2 Mil.

Smiths News (AQSE:CNCT.GB) Change In Inventory Explanation

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

Smiths News's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	17.4	/	504.9	*	365 / 2
	=	6.29

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

Smiths News's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	504.9	/	17.4
	=	29.02

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.

Smiths News's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.4	/	539.8
	=	0.03

Smiths News Change In Inventory Related Terms

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Smiths News (AQSE:CNCT.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (AQSE:CNCT.GB) » Definitions » Change In Inventory

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Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.

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