Creo Medical Group (LSE:CREO) Change In Inventory : £-0.40 Mil (TTM As of Dec. 2023)

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What is Creo Medical Group Change In Inventory?

Creo Medical Group's change in inventory for the quarter that ended in Dec. 2023 was £-1.40 Mil. It means Creo Medical Group's inventory increased by £1.40 Mil from Jun. 2023 to Dec. 2023 .

Creo Medical Group's change in inventory for the fiscal year that ended in Dec. 2023 was £-0.40 Mil. It means Creo Medical Group's inventory increased by £0.40 Mil from Dec. 2022 to Dec. 2023 .

Creo Medical Group's Total Inventories for the quarter that ended in Dec. 2023 was £8.10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Creo Medical Group's Days Inventory for the quarter that ended in Dec. 2023 was 201.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Creo Medical Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

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. Creo Medical Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Creo Medical Group Change In Inventory Historical Data

The historical data trend for Creo Medical Group'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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Creo Medical Group Change In Inventory Chart

Creo Medical Group Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.43

0.77

-2.97

-0.30

-0.40

Creo Medical Group Semi-Annual Data
	Feb14	Feb15	Feb16	Dec16	Jun17	Dec17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial												-1.83	0.30	-0.60	1.00	-1.40

Creo Medical Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.40 Mil.

Creo Medical Group (LSE:CREO) Change In Inventory Explanation

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

Creo Medical Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.05	/	7.3	*	365 / 2
	=	201.25

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

Creo Medical Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.3	/	8.05
	=	0.91

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.

Creo Medical Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.05	/	15.1
	=	0.53

Creo Medical Group Change In Inventory Related Terms

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Creo Medical Group (LSE:CREO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Creo Medical Group PLC (LSE:CREO) » Definitions » Change In Inventory

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Address

Beaufort Park Way, Unit 2, Creo House, Beaufort Park, Chepstow, GBR, NP16 5UH

Website

https://www.creomedical.com

Creo Medical Group PLC is a medical device company engaged in providing services in the field of surgical endoscopy. The company has developed a platform called Croma which is an electrosurgical platform to deliver microwave and bipolar radiofrequency through a single accessory port. The reportable segment of the company is the research and development of electrosurgical medical devices relating to the field of surgical endoscopy.

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