LogicMark (LogicMark) Change In Inventory : $0.25 Mil (TTM As of Mar. 2024)

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What is LogicMark Change In Inventory?

LogicMark's change in inventory for the quarter that ended in Mar. 2024 was $0.29 Mil. It means LogicMark's inventory declined by $0.29 Mil from Dec. 2023 to Mar. 2024 .

LogicMark's change in inventory for the fiscal year that ended in Dec. 2023 was $0.57 Mil. It means LogicMark's inventory declined by $0.57 Mil from Dec. 2022 to Dec. 2023 .

LogicMark's Total Inventories for the quarter that ended in Mar. 2024 was $0.89 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LogicMark's Days Inventory for the quarter that ended in Mar. 2024 was 111.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. LogicMark's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.82.

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. LogicMark's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.

LogicMark Change In Inventory Historical Data

The historical data trend for LogicMark'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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LogicMark Change In Inventory Chart

LogicMark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.43

0.54

-0.47

-0.51

0.57

LogicMark 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															0.61	0.15	-0.15	-0.04	0.29

LogicMark 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 $0.25 Mil.

LogicMark (NAS:LGMK) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.032	/	0.844	*	365 / 4
	=	111.58

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.844	/	1.032
	=	0.82

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.032	/	2.611
	=	0.40

LogicMark Change In Inventory Related Terms

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LogicMark (LogicMark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LogicMark Inc (NAS:LGMK) » Definitions » Change In Inventory

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Traded in Other Exchanges

0KA8:UK

Address

2801 Diode Lane, Louisville, KY, USA, 40299

Website

https://www.logicmark.com

LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.

Executives

Carine Schneider	director	C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Robert Arthur Curtis	director	C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817
Barbara Gutierrez	director	8950 E. LOWRY BLVD., DENVER CO 80230
John P Pettitt	director	3031 TISCH WAY, STE 900, SAN JOSE CA 95128
Sherice Torres	director	PO BOX 20833, SAN JOSE CA 95160
Mark Archer	officer: Chief Financial Officer	C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Chia-lin Simmons	director, officer: Chief Executive Officer	288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478
Michael Joseph Orlando	director, officer: Chief Operating Officer	1806 145TH PL SE, MILL CREEK WA 98012
C. David Tunnell	director, 10 percent owner, officer: Chief Technology Officer	1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909
Worldventures Holdings, Llc	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Wayne Tilman Nugent	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Stanley Eric Washington	director	3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043
Vincent S Miceli	officer: Vice President and CFO	87 GRANDVIEW AVENUE, WATERBURY CT 06708
Daniel P Sharkey	director
Michael D'almada-remedios	director	5610 TROON COURT, DISCOVERY BAY CA 94505-9299