Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Change In Inventory : $3.25 Mil (TTM As of Mar. 2024)

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What is Chicago Rivet & Machine Co Change In Inventory?

Chicago Rivet & Machine Co's change in inventory for the quarter that ended in Mar. 2024 was $0.58 Mil. It means Chicago Rivet & Machine Co's inventory declined by $0.58 Mil from Dec. 2023 to Mar. 2024 .

Chicago Rivet & Machine Co's change in inventory for the fiscal year that ended in Dec. 2023 was $1.79 Mil. It means Chicago Rivet & Machine Co's inventory declined by $1.79 Mil from Dec. 2022 to Dec. 2023 .

Chicago Rivet & Machine Co's Total Inventories for the quarter that ended in Mar. 2024 was $6.75 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chicago Rivet & Machine Co's Days Inventory for the quarter that ended in Mar. 2024 was 90.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chicago Rivet & Machine Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

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. Chicago Rivet & Machine Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.90.

Chicago Rivet & Machine Co Change In Inventory Historical Data

The historical data trend for Chicago Rivet & Machine Co'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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Chicago Rivet & Machine Co Change In Inventory Chart

Chicago Rivet & Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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1.15

-0.20

-3.37

-0.60

1.79

Chicago Rivet & Machine Co 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															-0.88	0.58	0.63	1.47	0.58

Chicago Rivet & Machine Co 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 $3.25 Mil.

Chicago Rivet & Machine Co (AMEX:CVR) Change In Inventory Explanation

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

Chicago Rivet & Machine Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7.0375	/	7.108	*	365 / 4
	=	90.34

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

Chicago Rivet & Machine Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.108	/	7.0375
	=	1.01

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.

Chicago Rivet & Machine Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.0375	/	7.853
	=	0.90

Chicago Rivet & Machine Co Change In Inventory Related Terms

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Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chicago Rivet & Machine Co (AMEX:CVR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Frontenac Road, Naperville, IL, USA, 60563

Website

https://www.chicagorivet.com

Chicago Rivet & Machine Co is in the fastener industry in North America. The company operates in two segments namely fasteners and assembly equipment. Its fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners, parts, and screw machine products. The assembly equipment segment consists mainly of the manufacture of automatic rivet setting machines, automatic assembly equipment, and parts and tools for such machines. The majority of revenue is from the fastener segment. Geographically, the majority is from the United States.

Executives

Gregory D Rizzo	officer: Chief Executive Officer	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Morrissey Walter W Jr	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Patricia M Miller	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
James W Morrissey	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kurt Moders	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John C Osterman	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John L Showel	director	440 S. LASALLE STREET, SUITE 2118, CHICAGO IL 60605
Michael J Bourg	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kent H Cooney	director	11203 COUNTRY CLUB ROAD, WOODSTOCK IL 60098
Labold Jack J Jr	other: Sales Manager	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Divane William T Jr	director	2424 NORTH 25TH AVENUE, FRANKLIN PARK IL 60131
George P Lynch	director	3030 WARRENVILLE ROAD, SUITE 215, LISLE IL 60532