Novotek AB (OSTO:NTEK B) Change In Inventory : kr0.0 Mil (TTM As of Mar. 2024)

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What is Novotek AB Change In Inventory?

Novotek AB's change in inventory for the quarter that ended in Mar. 2024 was kr0.0 Mil. It means Novotek AB's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Novotek AB's change in inventory for the fiscal year that ended in Dec. 2023 was kr0.7 Mil. It means Novotek AB's inventory declined by kr0.7 Mil from Dec. 2022 to Dec. 2023 .

Novotek AB's Total Inventories for the quarter that ended in Mar. 2024 was kr0.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novotek AB's Days Inventory for the quarter that ended in Mar. 2024 was 0.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novotek AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 169.80.

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. Novotek AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Novotek AB Change In Inventory Historical Data

The historical data trend for Novotek AB'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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Novotek AB Change In Inventory Chart

Novotek AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.39

-0.45

-0.59

0.95

0.73

Novotek AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Novotek AB 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr0.0 Mil.

Novotek AB (OSTO:NTEK B) Change In Inventory Explanation

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

Novotek AB's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.6325	/	107.4	*	365 / 4
	=	0.54

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

Novotek AB's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	107.4	/	0.6325
	=	169.80

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.

Novotek AB's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.6325	/	135.9
	=	0.00

Novotek AB Change In Inventory Related Terms

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Novotek AB (OSTO:NTEK B) Business Description

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Address

Hojdrodergatan 18, Box 16014, Malmo, SWE, 212 39

Website

https://www.novotek.com

Novotek AB delivers industrial-IT and automation solutions based on standard products and components. The company products are used in Energy, Food, Drug, Petro and chemical, Metal, Manufacturing, Paper and Mass, Infrastructure, Water and Drainage, and Building Automation industries. Its solution includes process optimization, energy monitoring, industrial data provider, production planning, version management, Kepware OPC communication platform, cyber security for production and process networks and others.

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