COMSovereign Holding (COMSovereign Holding) Change In Inventory : $2.41 Mil (TTM As of Sep. 2023)

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What is COMSovereign Holding Change In Inventory?

COMSovereign Holding's change in inventory for the quarter that ended in Sep. 2023 was $0.04 Mil. It means COMSovereign Holding's inventory declined by $0.04 Mil from Jun. 2023 to Sep. 2023 .

COMSovereign Holding's change in inventory for the fiscal year that ended in Dec. 2022 was $5.16 Mil. It means COMSovereign Holding's inventory declined by $5.16 Mil from Dec. 2021 to Dec. 2022 .

COMSovereign Holding's Total Inventories for the quarter that ended in Sep. 2023 was $3.77 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. COMSovereign Holding's Days Inventory for the quarter that ended in Sep. 2023 was 3,322.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. COMSovereign Holding's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.03.

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. COMSovereign Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 15.15.

COMSovereign Holding Change In Inventory Historical Data

The historical data trend for COMSovereign Holding'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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COMSovereign Holding Change In Inventory Chart

COMSovereign Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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0.12

-1.14

0.38

-2.15

5.16

COMSovereign Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-0.11	2.21	-0.37	0.53	0.04

COMSovereign Holding 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.41 Mil.

COMSovereign Holding (OTCPK:COMSW) Change In Inventory Explanation

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

COMSovereign Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.7865	/	0.104	*	365 / 4
	=	3,322.29

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

COMSovereign Holding's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.104	/	3.7865
	=	0.03

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.

COMSovereign Holding's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.7865	/	0.25
	=	15.15

COMSovereign Holding Change In Inventory Related Terms

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COMSovereign Holding (COMSovereign Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » COMSovereign Holding Corp (OTCPK:COMSW) » Definitions » Change In Inventory

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Traded in Other Exchanges

COMS:USA 9DA0:Germany

Address

6890 E Sunrise Drive, Suite 120-506, Tucson, AZ, USA, 85750

Website

https://www.comsovereign.com

COMSovereign Holding Corp is a provider of telecom solutions to network operators, mobile device carriers, governmental units and other enterprises world wide. The company offers Telecom and Network Products and Solutions, Wireless Transport Solutions , Edge Compute Capable 4G LTE and 5G Network in a Box and Tethered Drones and Aerostats. The company generates maximum revenue from North America.