Galaxy Next Generation (Galaxy Next Generation) Change In Inventory : $0.32 Mil (TTM As of Mar. 2023)

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What is Galaxy Next Generation Change In Inventory?

Galaxy Next Generation's change in inventory for the quarter that ended in Mar. 2023 was $0.73 Mil. It means Galaxy Next Generation's inventory declined by $0.73 Mil from Dec. 2022 to Mar. 2023 .

Galaxy Next Generation's change in inventory for the fiscal year that ended in Jun. 2022 was $2.12 Mil. It means Galaxy Next Generation's inventory declined by $2.12 Mil from Jun. 2021 to Jun. 2022 .

Galaxy Next Generation's Total Inventories for the quarter that ended in Mar. 2023 was $0.49 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Galaxy Next Generation's Days Inventory for the quarter that ended in Mar. 2023 was 100.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Galaxy Next Generation's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.91.

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. Galaxy Next Generation's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 1.30.

Galaxy Next Generation Change In Inventory Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Change In Inventory Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Change In Inventory

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-0.07

-2.32

2.12

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															0.43	-0.20	0.05	-0.27	0.73

Galaxy Next Generation 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.32 Mil.

Galaxy Next Generation (OTCPK:GAXYQ) Change In Inventory Explanation

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

Galaxy Next Generation's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.853	/	0.772	*	365 / 4
	=	100.82

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

Galaxy Next Generation's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.772	/	0.853
	=	0.91

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.

Galaxy Next Generation's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.853	/	0.657
	=	1.30

Galaxy Next Generation Change In Inventory Related Terms

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577