Tribe Technology (LSE:TRYB) Change In Inventory : £-0.92 Mil (TTM As of Dec. 2023)

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What is Tribe Technology Change In Inventory?

Tribe Technology's change in inventory for the quarter that ended in Dec. 2023 was £-0.67 Mil. It means Tribe Technology's inventory increased by £0.67 Mil from Jun. 2023 to Dec. 2023 .

Tribe Technology's change in inventory for the fiscal year that ended in Jun. 2023 was £-0.86 Mil. It means Tribe Technology's inventory increased by £0.86 Mil from Jun. 2022 to Jun. 2023 .

Tribe Technology's Total Inventories for the quarter that ended in Dec. 2023 was £2.36 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tribe Technology's Days Inventory for the quarter that ended in Dec. 2023 was 2,062.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tribe Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.09.

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.

Tribe Technology Change In Inventory Historical Data

The historical data trend for Tribe 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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Tribe Technology Change In Inventory Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Change In Inventory

-0.83

-0.86

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-0.30	-0.53	-0.61	-0.25	-0.67

Tribe 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.92 Mil.

Tribe Technology (LSE:TRYB) Change In Inventory Explanation

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

Tribe 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
	=	2.023	/	0.179	*	365 / 2
	=	2,062.56

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.179	/	2.023
	=	0.09

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.023	/	0
	=	N/A

Tribe Technology Change In Inventory Related Terms

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Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

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