Somero Enterprises (LSE:SOM) Change In Inventory : £-0.42 Mil (TTM As of Dec. 2023)

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What is Somero Enterprises Change In Inventory?

Somero Enterprises's change in inventory for the quarter that ended in Dec. 2023 was £1.60 Mil. It means Somero Enterprises's inventory declined by £1.60 Mil from Jun. 2023 to Dec. 2023 .

Somero Enterprises's change in inventory for the fiscal year that ended in Dec. 2023 was £-0.42 Mil. It means Somero Enterprises's inventory increased by £0.42 Mil from Dec. 2022 to Dec. 2023 .

Somero Enterprises's Total Inventories for the quarter that ended in Dec. 2023 was £15.31 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Somero Enterprises's Days Inventory for the quarter that ended in Dec. 2023 was 132.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. Somero Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.37.

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. Somero Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Somero Enterprises Change In Inventory Historical Data

The historical data trend for Somero Enterprises'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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Somero Enterprises Change In Inventory Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.05

0.87

-2.38

-3.74

-0.42

Somero Enterprises Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.03	-4.62	0.93	-2.03	1.60

Somero Enterprises 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 £-0.42 Mil.

Somero Enterprises (LSE:SOM) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	16.13	/	22.169	*	365 / 2
	=	132.79

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.169	/	16.13
	=	1.37

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.13	/	48.861
	=	0.33

Somero Enterprises Change In Inventory Related Terms

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Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Change In Inventory

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Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

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