Q-Free ASA (Q-Free ASA) Change In Inventory : $1.0 Mil (TTM As of Sep. 2023)

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What is Q-Free ASA Change In Inventory?

Q-Free ASA's change in inventory for the quarter that ended in Sep. 2023 was $0.3 Mil. It means Q-Free ASA's inventory declined by $0.3 Mil from Jun. 2023 to Sep. 2023 .

Q-Free ASA's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.1 Mil. It means Q-Free ASA's inventory increased by $0.1 Mil from Dec. 2021 to Dec. 2022 .

Q-Free ASA's Total Inventories for the quarter that ended in Sep. 2023 was $9.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Q-Free ASA's Days Inventory for the quarter that ended in Sep. 2023 was 73.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Q-Free ASA's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.24.

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. Q-Free ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.35.

Q-Free ASA Change In Inventory Historical Data

The historical data trend for Q-Free ASA'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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Q-Free ASA Change In Inventory Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.76

-0.46

2.11

-3.12

-0.08

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-1.79	2.84	-1.71	-0.42	0.25

Q-Free ASA 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.0 Mil.

Q-Free ASA (OTCPK:QFREF) Change In Inventory Explanation

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

Q-Free ASA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10.0095	/	12.454	*	365 / 4
	=	73.34

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

Q-Free ASA's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.454	/	10.0095
	=	1.24

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.

Q-Free ASA's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.0095	/	28.433
	=	0.35

Q-Free ASA Change In Inventory Related Terms

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Q-Free ASA (Q-Free ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Q-Free ASA (OTCPK:QFREF) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

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