MIND Technology (FRA:MI70) Change In Inventory : €-3.38 Mil (TTM As of Jan. 2024)

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What is MIND Technology Change In Inventory?

MIND Technology's change in inventory for the quarter that ended in Jan. 2024 was €-0.39 Mil. It means MIND Technology's inventory increased by €0.39 Mil from Oct. 2023 to Jan. 2024 .

MIND Technology's change in inventory for the fiscal year that ended in Jan. 2024 was €-3.31 Mil. It means MIND Technology's inventory increased by €3.31 Mil from Jan. 2023 to Jan. 2024 .

MIND Technology's Total Inventories for the quarter that ended in Jan. 2024 was €12.28 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MIND Technology's Days Inventory for the quarter that ended in Jan. 2024 was 172.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. MIND Technology's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.53.

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. MIND Technology's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.01.

MIND Technology Change In Inventory Historical Data

The historical data trend for MIND Technology'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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MIND Technology Change In Inventory Chart

MIND Technology Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Change In Inventory

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-2.53

0.97

-2.72

-1.63

-3.31

MIND Technology Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															1.06	0.89	-1.19	-2.69	-0.39

MIND Technology 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.38 Mil.

MIND Technology (FRA:MI70) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.4175	/	6.552	*	365 / 4
	=	172.94

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

MIND Technology's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.552	/	12.4175
	=	0.53

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.

MIND Technology's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.4175	/	12.281
	=	1.01

MIND Technology Change In Inventory Related Terms

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MIND Technology (FRA:MI70) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (FRA:MI70) » Definitions » Change In Inventory

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MINDP.PFD:USA MIND:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

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