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Fitell (Fitell) Change In Inventory : $-1.43 Mil (TTM As of Dec. 2023)


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What is Fitell Change In Inventory?

Fitell's change in inventory for the quarter that ended in Dec. 2023 was $-1.58 Mil. It means Fitell's inventory increased by $1.58 Mil from Jun. 2023 to Dec. 2023 .

Fitell's change in inventory for the fiscal year that ended in Jun. 2023 was $0.39 Mil. It means Fitell's inventory declined by $0.39 Mil from Jun. 2022 to Jun. 2023 .

Fitell's Total Inventories for the quarter that ended in Dec. 2023 was $2.10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fitell's Days Inventory for the quarter that ended in Dec. 2023 was 188.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fitell's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.97.

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. Fitell's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.

Fitell Change In Inventory Historical Data

The historical data trend for Fitell'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.

Fitell Change In Inventory Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Change In Inventory
-0.21 - 0.39

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Change In Inventory Get a 7-Day Free Trial -0.08 0.08 0.25 0.15 -1.58

Fitell 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 semi-annually data reported by the company within the most recent 12 months, which was $-1.43 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.

Fitell  (NAS:FTEL) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1.3145/1.276*365 / 2
=188.01

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

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.276 / 1.3145
=0.97

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.3145 / 2.123
=0.62

* 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.

Fitell Change In Inventory Related Terms

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Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Change In Inventory
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.