X2M Connect (ASX:X2M) Change In Inventory : A$0.00 Mil (TTM As of Dec. 2023)

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What is X2M Connect Change In Inventory?

X2M Connect's change in inventory for the quarter that ended in Dec. 2023 was A$0.00 Mil. It means X2M Connect's inventory stayed the same from Jun. 2023 to Dec. 2023 .

X2M Connect's change in inventory for the fiscal year that ended in Jun. 2023 was A$0.00 Mil. It means X2M Connect's inventory stayed the same from Jun. 2022 to Jun. 2023 .

X2M Connect's Total Inventories for the quarter that ended in Dec. 2023 was A$0.28 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. X2M Connect's Days Inventory for the quarter that ended in Dec. 2023 was 9.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. X2M Connect's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.51.

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. X2M Connect's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

X2M Connect Change In Inventory Historical Data

The historical data trend for X2M Connect'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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X2M Connect Change In Inventory Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Change In Inventory

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-	-	-	-	-

X2M Connect 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 semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

X2M Connect (ASX:X2M) Change In Inventory Explanation

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

X2M Connect's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.2545	/	4.71	*	365 / 2
	=	9.86

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

X2M Connect's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.71	/	0.2545
	=	18.51

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.

X2M Connect's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2545	/	7.484
	=	0.03

X2M Connect Change In Inventory Related Terms

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X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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