Matrix IT (XTAE:MTRX) Change In Inventory : ₪14 Mil (TTM As of Mar. 2024)

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What is Matrix IT Change In Inventory?

Matrix IT's change in inventory for the quarter that ended in Mar. 2024 was ₪26 Mil. It means Matrix IT's inventory declined by ₪26 Mil from Dec. 2023 to Mar. 2024 .

Matrix IT's change in inventory for the fiscal year that ended in Dec. 2023 was ₪-12 Mil. It means Matrix IT's inventory increased by ₪12 Mil from Dec. 2022 to Dec. 2023 .

Matrix IT's Total Inventories for the quarter that ended in Mar. 2024 was ₪120 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Matrix IT's Days Inventory for the quarter that ended in Mar. 2024 was 9.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Matrix IT's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.36.

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. Matrix IT's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Matrix IT Change In Inventory Historical Data

The historical data trend for Matrix IT'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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Matrix IT Change In Inventory Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.34

-37.75

15.00

-47.06

-12.42

Matrix IT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.78	-5.38	3.89	-10.16	25.90

Matrix IT 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 ₪14 Mil.

Matrix IT (XTAE:MTRX) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	133.1405	/	1246.57	*	365 / 4
	=	9.75

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1246.57	/	133.1405
	=	9.36

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	133.1405	/	1453.713
	=	0.09

Matrix IT Change In Inventory Related Terms

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Matrix IT (XTAE:MTRX) Business Description

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.