Polaris IT Group (WAR:PIT) Change In Inventory : zł-16.71 Mil (TTM As of Jun. 2024)

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What is Polaris IT Group Change In Inventory?

Polaris IT Group's change in inventory for the quarter that ended in Jun. 2024 was zł-9.83 Mil. It means Polaris IT Group's inventory increased by zł9.83 Mil from Mar. 2024 to Jun. 2024 .

Polaris IT Group's change in inventory for the fiscal year that ended in Dec. 2023 was zł-3.42 Mil. It means Polaris IT Group's inventory increased by zł3.42 Mil from Dec. 2022 to Dec. 2023 .

Polaris IT Group's Total Inventories for the quarter that ended in Jun. 2024 was zł10.41 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polaris IT Group's Days Inventory for the quarter that ended in Jun. 2024 was 1,147.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Polaris IT Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.08.

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. Polaris IT Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.27.

Polaris IT Group Change In Inventory Historical Data

The historical data trend for Polaris IT Group'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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Polaris IT Group Change In Inventory Chart

Polaris IT Group Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-75.85

77.94

-6.80

-3.42

Polaris IT Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial															4.49	3.09	-9.35	-0.62	-9.83

Polaris IT Group 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 zł-16.71 Mil.

Polaris IT Group (WAR:PIT) Change In Inventory Explanation

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

Polaris IT Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10.6795	/	0.849	*	365 / 4
	=	1,147.83

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.849	/	10.6795
	=	0.08

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.6795	/	4.696
	=	2.27

Polaris IT Group Change In Inventory Related Terms

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Polaris IT Group Business Description

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Address

ul. Swieradowska 47, Warsaw, POL, 02-662

Website

http://www.polarisitgroup.com

Polaris IT Group SA, formerly Ark Royal SA is engaged in the field of export of goods and services. The company intends to be an information technology company providing solutions based on artificial intelligence and complex hardware and software solutions.