RM (AQSE:RM.GB) Change In Inventory : £8.6 Mil (TTM As of Nov. 2023)

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What is RM Change In Inventory?

RM's change in inventory for the quarter that ended in Nov. 2023 was £6.4 Mil. It means RM's inventory declined by £6.4 Mil from May. 2023 to Nov. 2023 .

RM's change in inventory for the fiscal year that ended in Nov. 2023 was £8.6 Mil. It means RM's inventory declined by £8.6 Mil from Nov. 2022 to Nov. 2023 .

RM's Total Inventories for the quarter that ended in Nov. 2023 was £14.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RM's Days Inventory for the quarter that ended in Nov. 2023 was 50.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. RM's Inventory Turnover for the quarter that ended in Nov. 2023 was 3.62.

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. RM's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.18.

RM Change In Inventory Historical Data

The historical data trend for RM'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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RM Change In Inventory Chart

RM Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Inventory

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-4.12

3.56

-0.46

-7.30

8.62

RM Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Change In Inventory	Get a 7-Day Free Trial															0.96	-4.09	-3.22	2.21	6.42

RM 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £8.6 Mil.

RM (AQSE:RM.GB) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	19.056	/	69.059	*	365 / 2
	=	50.36

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

RM's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	69.059	/	19.056
	=	3.62

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.

RM's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.056	/	107.622
	=	0.18

RM Change In Inventory Related Terms

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RM (AQSE:RM.GB) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » RM PLC (AQSE:RM.GB) » Definitions » Change In Inventory

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Address

142B Park Drive, Milton Park, Milton, Abingdon, Oxfordshire, GBR, OX14 4SE

Website

https://www.rmplc.com

RM PLC provides resources, software, and services to the education sector. The company is structured into three operating divisions: RM Resources, RM Assessment, and RM Technology. The RM Resources division consists of the operating business of TTS. TTS provides education resources used in schools through a predominantly direct marketing business model. The RM Assessment business provides IT software and services to exam boards and professional bodies to allow e-assessment. RM Technology division focuses on supplying IT software and services to schools and colleges. Its primary geographic markets are the United Kingdom, Europe, North America, Asia, the Middle East, and the Rest of the world.

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