Covalon Technologies (Covalon Technologies) Change In Inventory : $0.95 Mil (TTM As of Mar. 2024)

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What is Covalon Technologies Change In Inventory?

Covalon Technologies's change in inventory for the quarter that ended in Mar. 2024 was $0.35 Mil. It means Covalon Technologies's inventory declined by $0.35 Mil from Dec. 2023 to Mar. 2024 .

Covalon Technologies's change in inventory for the fiscal year that ended in Sep. 2023 was $-0.77 Mil. It means Covalon Technologies's inventory increased by $0.77 Mil from Sep. 2022 to Sep. 2023 .

Covalon Technologies's Total Inventories for the quarter that ended in Mar. 2024 was $4.20 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Covalon Technologies's Days Inventory for the quarter that ended in Mar. 2024 was 173.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Covalon Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

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. Covalon Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

Covalon Technologies Change In Inventory Historical Data

The historical data trend for Covalon Technologies'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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Covalon Technologies Change In Inventory Chart

Covalon Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-1.62

1.09

1.71

-0.05

-0.77

Covalon Technologies 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															-0.25	-0.61	1.29	-0.08	0.35

Covalon Technologies 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 $0.95 Mil.

Covalon Technologies (OTCPK:CVALF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.355	/	2.293	*	365 / 4
	=	173.31

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.293	/	4.355
	=	0.53

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.355	/	6.216
	=	0.70

Covalon Technologies Change In Inventory Related Terms

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Covalon Technologies (Covalon Technologies) Business Description

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COV:Canada

Address

1660 Tech Avenue, Unit 5, Mississauga, ON, CAN, L4W 5S7

Website

https://www.covalon.com

Covalon Technologies Ltd is principally engaged in the business of developing, licensing, and selling medical technologies. The company develops advanced wound care line which is designed for the treatment of a wide range of wounds; and infection prevention products such as MediClear PreOp which is a breathable, transparent, self-adhesive silicone barrier film that conforms to the contours of the body. It also develops perioperative care products. The company generates its revenue through development contracts, licensing agreements, and distribution contracts, and sales.