Speedy Hire (LSE:SDY) Change In Inventory : £-0.2 Mil (TTM As of Sep. 2023)

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What is Speedy Hire Change In Inventory?

Speedy Hire's change in inventory for the quarter that ended in Sep. 2023 was £0.2 Mil. It means Speedy Hire's inventory declined by £0.2 Mil from Mar. 2023 to Sep. 2023 .

Speedy Hire's change in inventory for the fiscal year that ended in Mar. 2023 was £-4.6 Mil. It means Speedy Hire's inventory increased by £4.6 Mil from Mar. 2022 to Mar. 2023 .

Speedy Hire's Total Inventories for the quarter that ended in Sep. 2023 was £12.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Speedy Hire's Days Inventory for the quarter that ended in Sep. 2023 was 24.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Speedy Hire's Inventory Turnover for the quarter that ended in Sep. 2023 was 7.60.

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

Speedy Hire Change In Inventory Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Change In Inventory Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-0.90

0.40

0.50

0.10

-4.60

Speedy Hire Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-4.20	-0.40	0.20

Speedy Hire 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 £-0.2 Mil.

Speedy Hire (LSE:SDY) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.6	/	95.8	*	365 / 2
	=	24.00

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	95.8	/	12.6
	=	7.60

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.6	/	208.5
	=	0.06

Speedy Hire Change In Inventory Related Terms

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Speedy Hire (LSE:SDY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Change In Inventory

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Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.