Nerds On Site (FRA:3NS) Change In Inventory : €0.04 Mil (TTM As of Feb. 2024)

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What is Nerds On Site Change In Inventory?

Nerds On Site's change in inventory for the quarter that ended in Feb. 2024 was €0.01 Mil. It means Nerds On Site's inventory declined by €0.01 Mil from Nov. 2023 to Feb. 2024 .

Nerds On Site's change in inventory for the fiscal year that ended in May. 2023 was €0.01 Mil. It means Nerds On Site's inventory declined by €0.01 Mil from May. 2022 to May. 2023 .

Nerds On Site's Total Inventories for the quarter that ended in Feb. 2024 was €0.06 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nerds On Site's Days Inventory for the quarter that ended in Feb. 2024 was 3.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nerds On Site's Inventory Turnover for the quarter that ended in Feb. 2024 was 23.56.

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. Nerds On Site's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.03.

Nerds On Site Change In Inventory Historical Data

The historical data trend for Nerds On Site'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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Nerds On Site Change In Inventory Chart

Nerds On Site Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

Change In Inventory

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0.03

-0.01

-0.02

-0.05

0.01

Nerds On Site Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															0.02	0.01	0.03	-0.01	0.01

Nerds On Site 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.04 Mil.

Nerds On Site (FRA:3NS) Change In Inventory Explanation

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

Nerds On Site's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.0615	/	1.449	*	365 / 4
	=	3.87

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

Nerds On Site's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.449	/	0.0615
	=	23.56

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.

Nerds On Site's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0615	/	1.893
	=	0.03

Nerds On Site Change In Inventory Related Terms

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Nerds On Site (FRA:3NS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nerds On Site Inc (FRA:3NS) » Definitions » Change In Inventory

Comparable Companies

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NOSUF:USA 3NS:Germany NERD:Canada

Address

4026 Meadowbrook Drive, Unit 120-121, London, ON, CAN, N6L 1C7

Website

https://www.nerdsonsite.com

Nerds On Site Inc provides mobile information technology (IT) support for small to medium-sized enterprises. Its services include computer set-up, network installation, tailored software services, and IT support. The company offers business solutions and residential services. The corporation oversees and retains a network of technically proficient and specially trained independent IT consultants (Consultants) to help clients by providing on-site, effective, consistent, and customized IT solutions. Its revenue is principally derived from service fees charged for consulting services performed by the consultants and the sale of off-the-shelf software, hardware, and related support.

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