Altitude Group (LSE:ALT) Change In Inventory : £-0.95 Mil (TTM As of Sep. 2023)

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What is Altitude Group Change In Inventory?

Altitude Group's change in inventory for the quarter that ended in Sep. 2023 was £-0.67 Mil. It means Altitude Group's inventory increased by £0.67 Mil from Mar. 2023 to Sep. 2023 .

Altitude Group's change in inventory for the fiscal year that ended in Mar. 2023 was £-0.34 Mil. It means Altitude Group's inventory increased by £0.34 Mil from Mar. 2022 to Mar. 2023 .

Altitude Group's Total Inventories for the quarter that ended in Sep. 2023 was £1.05 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altitude Group's Days Inventory for the quarter that ended in Sep. 2023 was 18.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Altitude Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 9.68.

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. Altitude Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.06.

Altitude Group Change In Inventory Historical Data

The historical data trend for Altitude Group'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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Altitude Group Change In Inventory Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Change In Inventory

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-0.39

0.16

-0.03

-0.34

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-0.02	-0.01	-0.06	-0.28	-0.67

Altitude Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.95 Mil.

Altitude Group (LSE:ALT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.7075	/	6.846	*	365 / 2
	=	18.86

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

Altitude Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.846	/	0.7075
	=	9.68

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.

Altitude Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7075	/	11.768
	=	0.06

Altitude Group Change In Inventory Related Terms

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Altitude Group (LSE:ALT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Altitude Group PLC (LSE:ALT) » Definitions » Change In Inventory

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D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.