Gomero Group AB (FRA:EO8) Change In Inventory : €0.24 Mil (TTM As of Mar. 2024)

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What is Gomero Group AB Change In Inventory?

Gomero Group AB's change in inventory for the quarter that ended in Mar. 2024 was €0.07 Mil. It means Gomero Group AB's inventory declined by €0.07 Mil from Dec. 2023 to Mar. 2024 .

Gomero Group AB's change in inventory for the fiscal year that ended in Dec. 2023 was €0.09 Mil. It means Gomero Group AB's inventory declined by €0.09 Mil from Dec. 2022 to Dec. 2023 .

Gomero Group AB's Total Inventories for the quarter that ended in Mar. 2024 was €0.39 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gomero Group AB's Days Inventory for the quarter that ended in Mar. 2024 was 54.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gomero Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.66.

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. Gomero Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Gomero Group AB Change In Inventory Historical Data

The historical data trend for Gomero Group AB'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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Gomero Group AB Change In Inventory Chart

Gomero Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.02

0.19

-0.02

-0.17

0.09

Gomero Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.08	0.11	-0.13	0.19	0.07

Gomero Group AB 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.24 Mil.

Gomero Group AB (FRA:EO8) Change In Inventory Explanation

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

Gomero Group AB's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.196	/	0.326	*	365 / 4
	=	54.86

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

Gomero Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.326	/	0.196
	=	1.66

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.

Gomero Group AB's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.196	/	0.958
	=	0.20

Gomero Group AB Change In Inventory Related Terms

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Gomero Group AB (FRA:EO8) Business Description

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GOMERO:Sweden

Address

Kampegatan 16, Gothenburg, SWE, 411 04

Website

https://www.gomero.com

Gomero Group AB is engaged in the energy sector. The company develops technical systems and associated services to be able to predict and automate maintenance in various industrial processes. The firm offers technically connected products for measurement, control and data analysis. Its customers are found in energy distribution, energy storage and energy production as well as in the electricity-intensive industry.

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