Asseco Business Solutions (WAR:ABS) Change In Inventory : zł0.1 Mil (TTM As of Mar. 2024)

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What is Asseco Business Solutions Change In Inventory?

Asseco Business Solutions's change in inventory for the quarter that ended in Mar. 2024 was zł-0.2 Mil. It means Asseco Business Solutions's inventory increased by zł0.2 Mil from Dec. 2023 to Mar. 2024 .

Asseco Business Solutions's change in inventory for the fiscal year that ended in Dec. 2023 was zł0.2 Mil. It means Asseco Business Solutions's inventory declined by zł0.2 Mil from Dec. 2022 to Dec. 2023 .

Asseco Business Solutions's Total Inventories for the quarter that ended in Mar. 2024 was zł0.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asseco Business Solutions's Days Inventory for the quarter that ended in Mar. 2024 was 0.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asseco Business Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 167.50.

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. Asseco Business Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Asseco Business Solutions Change In Inventory Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Change In Inventory Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.34

0.29

0.02

-0.02

0.16

Asseco Business Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.14	0.23	-0.14	0.20	-0.18

Asseco Business Solutions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was zł0.1 Mil.

Asseco Business Solutions (WAR:ABS) Change In Inventory Explanation

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

Asseco Business Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.3585	/	60.048	*	365 / 4
	=	0.54

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

Asseco Business Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.048	/	0.3585
	=	167.50

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.

Asseco Business Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3585	/	99.819
	=	0.00

Asseco Business Solutions Change In Inventory Related Terms

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Asseco Business Solutions (WAR:ABS) Business Description

Industry

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Traded in Other Exchanges

9QQ:Germany

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

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