Richtech Robotics (Richtech Robotics) Change In Inventory : $0.50 Mil (TTM As of Mar. 2024)

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What is Richtech Robotics Change In Inventory?

Richtech Robotics's change in inventory for the quarter that ended in Mar. 2024 was $0.36 Mil. It means Richtech Robotics's inventory declined by $0.36 Mil from Dec. 2023 to Mar. 2024 .

Richtech Robotics's change in inventory for the fiscal year that ended in Sep. 2023 was $0.55 Mil. It means Richtech Robotics's inventory declined by $0.55 Mil from Sep. 2022 to Sep. 2023 .

Richtech Robotics's Total Inventories for the quarter that ended in Mar. 2024 was $0.29 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Richtech Robotics's Days Inventory for the quarter that ended in Mar. 2024 was 88.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Richtech Robotics's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

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. Richtech Robotics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Richtech Robotics Change In Inventory Historical Data

The historical data trend for Richtech Robotics'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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Richtech Robotics Change In Inventory Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

Change In Inventory

-0.31

-0.39

0.55

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial						0.11	0.10	-0.14	0.17	0.36

Richtech Robotics 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 $0.50 Mil.

Richtech Robotics (NAS:RR) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.473	/	0.485	*	365 / 4
	=	88.99

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.485	/	0.473
	=	1.03

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.473	/	1.165
	=	0.41

Richtech Robotics Change In Inventory Related Terms

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Richtech Robotics (Richtech Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics (Richtech Robotics) Headlines

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