Route1 (Route1) Change In Inventory : $0.19 Mil (TTM As of Mar. 2024)

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What is Route1 Change In Inventory?

Route1's change in inventory for the quarter that ended in Mar. 2024 was $-0.01 Mil. It means Route1's inventory increased by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Route1's change in inventory for the fiscal year that ended in Dec. 2023 was $1.09 Mil. It means Route1's inventory declined by $1.09 Mil from Dec. 2022 to Dec. 2023 .

Route1's Total Inventories for the quarter that ended in Mar. 2024 was $0.52 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Route1's Days Inventory for the quarter that ended in Mar. 2024 was 23.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Route1's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.93.

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. Route1's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Route1 Change In Inventory Historical Data

The historical data trend for Route1'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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Route1 Change In Inventory Chart

Route1 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.78

-0.20

0.27

-1.05

1.09

Route1 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															0.87	0.09	0.05	0.06	-0.01

Route1 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 $0.19 Mil.

Route1 (OTCPK:ROIUF) Change In Inventory Explanation

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

Route1's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.51	/	2.006	*	365 / 4
	=	23.20

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

Route1's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.006	/	0.51
	=	3.93

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.

Route1's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.51	/	2.979
	=	0.17

Route1 Change In Inventory Related Terms

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Route1 (Route1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Route1 Inc (OTCPK:ROIUF) » Definitions » Change In Inventory

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Traded in Other Exchanges

3R6N:Germany ROI:Canada

Address

8 King Street East, Suite 600, Toronto, ON, CAN, M5C 1B5

Website

https://www.route1.com

Route1 Inc is a company which delivers security and identity management solutions to enterprises including businesses, government, and military which requires universal, secure access to all digital resources and sensitive data. The company's solutions enable the workforce to be more productive and more flexible without compromising system access, data-at-rest, or data-in-use. Its suite of patented enterprise security solutions combines authentication, data security and secure communications with streamlined administration tools, running on a proven, trusted infrastructure. The company operates its business in US and Canada. Most of the company's revenue comes from the US.