Resqunit AB (OSTO:RESQ) Change In Inventory : kr-2.64 Mil (TTM As of Jun. 2023)

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What is Resqunit AB Change In Inventory?

Resqunit AB's change in inventory for the quarter that ended in Jun. 2023 was kr-1.20 Mil. It means Resqunit AB's inventory increased by kr1.20 Mil from Dec. 2022 to Jun. 2023 .

Resqunit AB's change in inventory for the fiscal year that ended in Dec. 2022 was kr-1.62 Mil. It means Resqunit AB's inventory increased by kr1.62 Mil from Dec. 2021 to Dec. 2022 .

Resqunit AB's Total Inventories for the quarter that ended in Jun. 2023 was kr2.13 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Resqunit AB's Days Inventory for the quarter that ended in Jun. 2023 was 653.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Resqunit AB's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.28.

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. Resqunit AB's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 2.60.

Resqunit AB Change In Inventory Historical Data

The historical data trend for Resqunit 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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Resqunit AB Change In Inventory Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Change In Inventory

-1.62

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Change In Inventory	-	-0.17	-1.44	-1.20

Resqunit 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-2.64 Mil.

Resqunit AB (OSTO:RESQ) Change In Inventory Explanation

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

Resqunit 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
	=	1.529	/	0.427	*	365 / 2
	=	653.50

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

Resqunit AB's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.427	/	1.529
	=	0.28

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.

Resqunit AB's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.529	/	0.588
	=	2.60

Resqunit AB Change In Inventory Related Terms

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Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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