Leonardo DRS (XTAE:DRS) Change In Inventory : ₪82 Mil (TTM As of Mar. 2024)

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What is Leonardo DRS Change In Inventory?

Leonardo DRS's change in inventory for the quarter that ended in Mar. 2024 was ₪-48 Mil. It means Leonardo DRS's inventory increased by ₪48 Mil from Dec. 2023 to Mar. 2024 .

Leonardo DRS's change in inventory for the fiscal year that ended in Dec. 2023 was ₪-37 Mil. It means Leonardo DRS's inventory increased by ₪37 Mil from Dec. 2022 to Dec. 2023 .

Leonardo DRS's Total Inventories for the quarter that ended in Mar. 2024 was ₪1,267 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leonardo DRS's Days Inventory for the quarter that ended in Mar. 2024 was 57.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Leonardo DRS's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

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. Leonardo DRS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Leonardo DRS Change In Inventory Historical Data

The historical data trend for Leonardo DRS'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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Leonardo DRS Change In Inventory Chart

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-133.41

-140.82

155.65

-122.29

-37.06

Leonardo DRS Quarterly Data
	Dec18	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														-166.76	-51.88	-18.53	200.12	-48.18

Leonardo DRS 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 ₪82 Mil.

Leonardo DRS (XTAE:DRS) Change In Inventory Explanation

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

Leonardo DRS's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1243.3195	/	1982.641	*	365 / 4
	=	57.22

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

Leonardo DRS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1982.641	/	1243.3195
	=	1.59

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.

Leonardo DRS's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1243.3195	/	2549.639
	=	0.49

Leonardo DRS Change In Inventory Related Terms

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Leonardo DRS (XTAE:DRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo DRS Inc (XTAE:DRS) » Definitions » Change In Inventory

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Traded in Other Exchanges

DRS:USA 2VZ:Germany

Address

2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202

Website

https://www.leonardodrs.com

Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.