CLMB (Climb Global Solutions) Change In Inventory : $0.7 Mil (TTM As of Sep. 2024)

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What is Climb Global Solutions Change In Inventory?

Climb Global Solutions's change in inventory for the quarter that ended in Sep. 2024 was $-2.8 Mil. It means Climb Global Solutions's inventory increased by $2.8 Mil from Jun. 2024 to Sep. 2024 .

Climb Global Solutions's change in inventory for the fiscal year that ended in Dec. 2023 was $3.6 Mil. It means Climb Global Solutions's inventory declined by $3.6 Mil from Dec. 2022 to Dec. 2023 .

Climb Global Solutions's Total Inventories for the quarter that ended in Sep. 2024 was $4.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Climb Global Solutions's Days Inventory for the quarter that ended in Sep. 2024 was 2.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Climb Global Solutions's Inventory Turnover for the quarter that ended in Sep. 2024 was 31.42.

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. Climb Global Solutions's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.03.

Climb Global Solutions Change In Inventory Historical Data

The historical data trend for Climb Global 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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Climb Global Solutions Change In Inventory Chart

Climb Global Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.28

-2.00

2.91

-2.75

3.60

Climb Global Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															0.71	1.35	1.82	0.25	-2.76

Climb Global 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.7 Mil.

Climb Global Solutions (NAS:CLMB) Change In Inventory Explanation

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

Climb Global 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
	=	3.0265	/	95.092	*	365 / 4
	=	2.90

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

Climb Global Solutions's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	95.092	/	3.0265
	=	31.42

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.

Climb Global Solutions's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.0265	/	119.349
	=	0.03

Climb Global Solutions Change In Inventory Related Terms

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Climb Global Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Climb Global Solutions Inc (NAS:CLMB) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Industrial Way West, Suite 300, Eatontown, NJ, USA, 07724

Website

https://www.waysidetechnology.com

Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value-added resellers (VARs), consultants, and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware, and services to customers under the name Grey Matter.

Executives

Dale Richard Foster	officer: Executive VP	10900 PUMP HOUSE ROAD, ANNAPOLIS JUNCTION MD 20701
Charles Edward Bass	officer: VP New Business	12427 BAYHILL DRIVE, CARMEL IN 46033
Timothy Popovich	officer: COO & President	715 OCEAN GATE AVE, PO BOX 523, OCEAN GATE NJ 08740
Andrew S Bryant	director	ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Andrew E Clark	officer: Chief Financial Officer	6011 UNIVERSITY BLVD., SUITE 370, ELLICOTT CITY MD 21043
Geygan Jeffrey Richart Geygan	director	1433 N WATER STREET, SUITE 549, MILWAUKEE WI 53202
John R Mccarthy	director	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Kimberly Boren	director	18872 MACARTHUR BLVD., SUITE 200, IRVINE CA 92612
Gerri Gold	director	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Vito Legrottaglie	officer: VP Management Info Systems
Greg Scorziello	director	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Matthew M Sullivan	officer: CAO	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Carol Dibattiste	director	1155 W FREDERICK SMALL RD, JUPITER FL 33458
Diana Kurty	director	C/O WAYSIDE TECHNOLOGY GROUP, 11, SHREWSBURY NJ 07702
Michael Faith	director, officer: Director	ONE DANIEL BURNHAM CT., #400C, SAN FRANCISCO CA 94109