Ondo InsurTech (LSE:ONDO) Change In Inventory : £-0.39 Mil (TTM As of Sep. 2023)

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What is Ondo InsurTech Change In Inventory?

Ondo InsurTech's change in inventory for the quarter that ended in Sep. 2023 was £-0.39 Mil. It means Ondo InsurTech's inventory increased by £0.39 Mil from Aug. 2022 to Sep. 2023 .

Ondo InsurTech's change in inventory for the fiscal year that ended in . 20 was £0.00 Mil. It means Ondo InsurTech's inventory stayed the same from . 20 to . 20 .

Ondo InsurTech's Total Inventories for the quarter that ended in Sep. 2023 was £0.81 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ondo InsurTech's Days Inventory for the quarter that ended in Sep. 2023 was 105.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ondo InsurTech's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.73.

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. Ondo InsurTech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.44.

Ondo InsurTech Change In Inventory Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Change In Inventory Chart

Ondo InsurTech Annual Data

Trend

Change In Inventory

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Change In Inventory	-0.80	-	-0.23	-0.39

Ondo InsurTech 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.39 Mil.

Ondo InsurTech (LSE:ONDO) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.5165	/	0.892	*	365 / 2
	=	105.67

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

Ondo InsurTech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.892	/	0.5165
	=	1.73

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.

Ondo InsurTech's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5165	/	1.186
	=	0.44

Ondo InsurTech Change In Inventory Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Change In Inventory

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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