Borqs Technologies (Borqs Technologies) Change In Inventory : $0.00 Mil (TTM As of Jun. 2023)

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What is Borqs Technologies Change In Inventory?

Borqs Technologies's change in inventory for the quarter that ended in Jun. 2023 was $0.00 Mil. It means Borqs Technologies's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Borqs Technologies's change in inventory for the fiscal year that ended in Dec. 2022 was $1.98 Mil. It means Borqs Technologies's inventory declined by $1.98 Mil from Dec. 2021 to Dec. 2022 .

Borqs Technologies's Total Inventories for the quarter that ended in Jun. 2023 was $5.52 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Borqs Technologies's Days Inventory for the quarter that ended in Jun. 2023 was 73.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Borqs Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.48.

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. Borqs Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.33.

Borqs Technologies Change In Inventory Historical Data

The historical data trend for Borqs Technologies'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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Borqs Technologies Change In Inventory Chart

Borqs Technologies Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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9.23

2.47

2.20

-5.31

1.98

Borqs Technologies Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Borqs Technologies 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

Borqs Technologies (OTCPK:BRQSF) Change In Inventory Explanation

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

Borqs Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.875	/	12.08	*	365 / 2
	=	73.65

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

Borqs Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.08	/	4.875
	=	2.48

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.

Borqs Technologies's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.875	/	14.992
	=	0.33

Borqs Technologies Change In Inventory Related Terms

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Borqs Technologies (Borqs Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Borqs Technologies Inc (OTCPK:BRQSF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Office B, 21st Floor, Legend Tower, Kwun Tong, Kowloon, HKG

Website

https://www.borqs.com

Borqs Technologies Inc operates as a software development company. It is engaged in software, development services, and products providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company's segment include Connected Solutions. Borqs derives most of its revenues from its Connected Solution which includes Software and Hardware. Its geographical segments include China, India, the United States, and the Rest of the World.

Executives

Bill Huang	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Asset Horizon International Ltd	10 percent owner	FLAT C, 8/F., JONSIM PLACE, 228 QUEEN'S ROAD EAST, HONG KONG K3 000 000
Zhengqi International Holding Ltd	10 percent owner	40 WALL STREET, 28TH FL, NEW YORK NY 10005
George Thangadurai	officer: EVP and President of Int Bus	6190 CORNERSTONE COURT, SAN DIEGO CA 92121
Simon Sun	officer: EVP & Co-GM of Prod. Bus. Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Wong Joseph Wai Leung	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Gene Wuu	officer: EVP & GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Hareesh Ramanna	officer: EVP and GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Ye Eric Tao	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Pat Chan	director, officer: Chair. of the Board, CEO & Pre	UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Anthony K Chan	officer: CFO, EVP Corp. Finance	32108 ALVARADO BLVD., UNIT 138, UNION CITY CA 94587
Intel Corp	10 percent owner	2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Bob Li	officer: EVP Corp Affairs & China Sale	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Norwest Venture Partners X L P	10 percent owner	525 UNIVERSITY AVE SUITE 800, PALO ALTO CA 94301
Jian Tu	director, officer: President & Chairman	40 WALL STREET, 28TH FL, NEW YORK NY 10005