PowerFleet (XTAE:AIOT) Change In Inventory : ₪-6.8 Mil (TTM As of Jun. 2024)

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What is PowerFleet Change In Inventory?

PowerFleet's change in inventory for the quarter that ended in Jun. 2024 was ₪-2.4 Mil. It means PowerFleet's inventory increased by ₪2.4 Mil from Mar. 2024 to Jun. 2024 .

PowerFleet's change in inventory for the fiscal year that ended in Mar. 2024 was ₪0.0 Mil. It means PowerFleet's inventory stayed the same from Dec. 2023 to Mar. 2024 .

PowerFleet's Total Inventories for the quarter that ended in Jun. 2024 was ₪97.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PowerFleet's Days Inventory for the quarter that ended in Jun. 2024 was 60.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. PowerFleet's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.51.

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. PowerFleet's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.31.

PowerFleet Change In Inventory Historical Data

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

PowerFleet Annual Data

Trend

Dec15

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Dec17

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Dec19

Dec20

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Dec22

Dec23

Mar24

Change In Inventory

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11.52

-22.45

-16.90

-6.58

PowerFleet 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															1.47	-9.11	1.95	2.74	-2.36

PowerFleet 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 ₪-6.8 Mil.

PowerFleet (XTAE:AIOT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	89.697	/	135.167	*	365 / 4
	=	60.55

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	135.167	/	89.697
	=	1.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	89.697	/	284.938
	=	0.31

PowerFleet Change In Inventory Related Terms

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PowerFleet Business Description

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PWR:South Africa PWFL:USA 3LO:Germany

Address

123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677

Website

https://www.powerfleet.com

PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.