ISPR (Ispire Technology) Change In Inventory : $-1.7 Mil (TTM As of Sep. 2024)

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What is Ispire Technology Change In Inventory?

Ispire Technology's change in inventory for the quarter that ended in Sep. 2024 was $-0.7 Mil. It means Ispire Technology's inventory increased by $0.7 Mil from Jun. 2024 to Sep. 2024 .

Ispire Technology's change in inventory for the fiscal year that ended in Jun. 2024 was $0.9 Mil. It means Ispire Technology's inventory declined by $0.9 Mil from Jun. 2023 to Jun. 2024 .

Ispire Technology's Total Inventories for the quarter that ended in Sep. 2024 was $7.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ispire Technology's Days Inventory for the quarter that ended in Sep. 2024 was 19.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ispire Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.74.

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. Ispire Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.17.

Ispire Technology Change In Inventory Historical Data

The historical data trend for Ispire Technology'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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Ispire Technology Change In Inventory Chart

Ispire Technology Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Change In Inventory

-3.06

-11.53

7.11

0.90

Ispire Technology Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial								1.86	-2.07	-2.30	3.41	-0.70

Ispire Technology 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.7 Mil.

Ispire Technology (NAS:ISPR) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.6785	/	31.664	*	365 / 4
	=	19.25

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

Ispire Technology's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.664	/	6.6785
	=	4.74

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.

Ispire Technology's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.6785	/	39.338
	=	0.17

Ispire Technology Change In Inventory Related Terms

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Ispire Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Ispire Technology Inc (NAS:ISPR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

19700 Magellan Drive, Los Angeles, CA, USA, 90502

Website

https://www.ispiretechnology.com

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company sells its cannabis vaping in the United States, Europe, Canada, and South Africa.

Executives

Daniel J. Machock	officer: Chief Financial Officer	19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron	officer: Chief Revenue Officer	3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz	director	204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower	officer: Chief Impact Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani	officer: Chief Operating Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang	officer: CHIEF FINANCIAL OFFICER	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu	director, 10 percent owner, officer: CEO and Chairman	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd	10 percent owner	14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000