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Forward Industries (Forward Industries) Change In Inventory : $0.53 Mil (TTM As of Dec. 2023)


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What is Forward Industries Change In Inventory?

Forward Industries's change in inventory for the quarter that ended in Dec. 2023 was $-0.07 Mil. It means Forward Industries's inventory increased by $0.07 Mil from Sep. 2023 to Dec. 2023 .

Forward Industries's change in inventory for the fiscal year that ended in Sep. 2023 was $0.32 Mil. It means Forward Industries's inventory declined by $0.32 Mil from Sep. 2022 to Sep. 2023 .

Forward Industries's Total Inventories for the quarter that ended in Dec. 2023 was $0.41 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forward Industries's Days Inventory for the quarter that ended in Dec. 2023 was 6.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Forward Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.91.

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. Forward Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Forward Industries Change In Inventory Historical Data

The historical data trend for Forward Industries'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.

* Premium members only.

Forward Industries Change In Inventory Chart

Forward Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 0.33 -0.79 0.11 0.32

Forward Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.29 1.17 1.03 -1.59 -0.07

Forward Industries 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 $0.53 Mil.

* 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.

Forward Industries  (NAS:FORD) Change In Inventory Explanation

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

Forward Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.3695/5.51*365 / 4
=6.12

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

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=5.51 / 0.3695
=14.91

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.3695 / 7.152
=0.05

* 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.

Forward Industries Change In Inventory Related Terms

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Forward Industries (Forward Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Forward Industries Inc (NAS:FORD) » Definitions » Change In Inventory
Comparable Companies
SAML AREB PXFG NKE XTER:ADS DECK ONON SZSE:300979 SKX BIRK TSE:7936 CROX XTER:PUM HKSE:01910 TPE:9910 TPE:9904 SHOO HKSE:00551 BOM:530517 SHSE:603477
Traded in Other Exchanges
N/A
Address
700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
Website
https://www.forwardindustries.com
Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.
Executives
Kathleen Weisberg officer: Chief Financial Officer 700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788
Sangita Shah director C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Sharon Hemond Hrynkow director 4816 KING SOLOMON DRIVE, ANNADALE VA 22003
James W Zigler director
Wild Robert W Jr. officer: COO of Subsidiary 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Mitchell Maiman officer: President of Subsidiary 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Paul Jean Severino officer: COO of Subsidiary 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Thomas Edward Kramer officer: CEO to Subsidiary 8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433
Anthony Camarda officer: Chief Financial Officer 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Douglas David Matthews officer: Sr VP/Chief Operating Officer 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Jenny P. Yu 10 percent owner 9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069
James M Frost director 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Michael L. Luetkemeyer director 411 LANDMARK DRIVE, WILMINGTON NC 28412
Sharon Hrynkow director C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Michael D Matte officer: Chief Financial Officer