Sureserve Group (LSE:SUR) Change In Inventory : £-3.2 Mil (TTM As of Mar. 2023)

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What is Sureserve Group Change In Inventory?

Sureserve Group's change in inventory for the quarter that ended in Mar. 2023 was £-2.2 Mil. It means Sureserve Group's inventory increased by £2.2 Mil from Sep. 2022 to Mar. 2023 .

Sureserve Group's change in inventory for the fiscal year that ended in Sep. 2022 was £-1.6 Mil. It means Sureserve Group's inventory increased by £1.6 Mil from Sep. 2021 to Sep. 2022 .

Sureserve Group's Total Inventories for the quarter that ended in Mar. 2023 was £7.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sureserve Group's Days Inventory for the quarter that ended in Mar. 2023 was 8.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sureserve Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 21.74.

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. Sureserve Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.04.

Sureserve Group Change In Inventory Historical Data

The historical data trend for Sureserve Group'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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Sureserve Group Change In Inventory Chart

Sureserve Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Change In Inventory

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0.31

1.16

0.04

-1.06

-1.63

Sureserve Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Change In Inventory	Get a 7-Day Free Trial															-0.15	-0.91	-0.62	-1.02	-2.22

Sureserve Group 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 semi-annually data reported by the company within the most recent 12 months, which was £-3.2 Mil.

Sureserve Group (LSE:SUR) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.167	/	134.071	*	365 / 2
	=	8.39

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

Sureserve Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	134.071	/	6.167
	=	21.74

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.

Sureserve Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.167	/	155.303
	=	0.04

Sureserve Group Change In Inventory Related Terms

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Sureserve Group (LSE:SUR) Business Description

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Address

Crossways Business Park, Crossways Point 15, Victory Way, Dartford, Kent, GBR, DA2 6DT

Website

https://www.sureservegroup.co.uk

Sureserve Group PLC is a compliance and energy support services group that performs critical functions in homes, and public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Its services are delivered through two divisions: Compliance and Energy Services. The Compliance segment is focused on gas, fire, electrics, air, water, and lifts where it contracts under framework agreements. The Energy Services offers services in the energy efficiency sector, including external, internal, and cavity wall insulation, loft insulation, gas central heating, boiler upgrades, and other renewable technologies. All revenue and profit of the company are derived from operations in the United Kingdom.

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