Cenit AG (CHIX:CSHD) Change In Inventory : €0.0 Mil (TTM As of Dec. 2023)

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What is Cenit AG Change In Inventory?

Cenit AG's change in inventory for the quarter that ended in Dec. 2023 was €0.0 Mil. It means Cenit AG's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Cenit AG's change in inventory for the fiscal year that ended in Dec. 2023 was €0.0 Mil. It means Cenit AG's inventory declined by €0.0 Mil from Dec. 2022 to Dec. 2023 .

Cenit AG's Total Inventories for the quarter that ended in Dec. 2023 was €0.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cenit AG's Days Inventory for the quarter that ended in Dec. 2023 was 0.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cenit AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 258.57.

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. Cenit AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Cenit AG Change In Inventory Historical Data

The historical data trend for Cenit AG'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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Cenit AG Change In Inventory Chart

Cenit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.23

0.25

-0.05

Cenit AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Cenit AG 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

Cenit AG (CHIX:CSHd) Change In Inventory Explanation

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

Cenit AG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.104	/	26.891	*	365 / 4
	=	0.35

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

Cenit AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.891	/	0.104
	=	258.57

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.

Cenit AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.104	/	51.415
	=	0.00

Cenit AG Change In Inventory Related Terms

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Cenit AG (CHIX:CSHD) Business Description

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CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

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