GomSpace Group AB (STU:1G2) Change In Inventory : €0.31 Mil (TTM As of Jun. 2024)

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What is GomSpace Group AB Change In Inventory?

GomSpace Group AB's change in inventory for the quarter that ended in Jun. 2024 was €0.00 Mil. It means GomSpace Group AB's inventory stayed the same from Dec. 2023 to Jun. 2024 .

GomSpace Group AB's change in inventory for the fiscal year that ended in Dec. 2023 was €0.23 Mil. It means GomSpace Group AB's inventory declined by €0.23 Mil from Dec. 2022 to Dec. 2023 .

GomSpace Group AB's Total Inventories for the quarter that ended in Jun. 2024 was €3.58 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GomSpace Group AB's Days Inventory for the quarter that ended in Jun. 2024 was 93.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. GomSpace Group AB's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.98.

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. GomSpace Group AB's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.64.

GomSpace Group AB Change In Inventory Historical Data

The historical data trend for GomSpace Group 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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GomSpace Group AB Change In Inventory Chart

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.09

-0.31

-0.88

-0.62

0.23

GomSpace Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial															0.47	-2.09	0.25	1.68	-

GomSpace Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.31 Mil.

GomSpace Group AB (STU:1G2) Change In Inventory Explanation

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

GomSpace Group 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
	=	3.735	/	3.642	*	365 / 4
	=	93.58

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

GomSpace Group AB's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.642	/	3.735
	=	0.98

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.

GomSpace Group AB's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.735	/	5.841
	=	0.64

GomSpace Group AB Change In Inventory Related Terms

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GomSpace Group AB Business Description

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GOMX:Sweden 0GE8:UK

Address

Ulls Vag 29A, Uppsala, SWE, 756 51

Website

https://www.gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or delivering payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia, and the Rest of the world. The majority of the company's revenue comes from Europe (excluding Sweden and Denmark).

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