Micropac Industries (Micropac Industries) Change In Inventory : $-3.16 Mil (TTM As of Feb. 2024)

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What is Micropac Industries Change In Inventory?

Micropac Industries's change in inventory for the quarter that ended in Feb. 2024 was $-3.02 Mil. It means Micropac Industries's inventory increased by $3.02 Mil from Nov. 2023 to Feb. 2024 .

Micropac Industries's change in inventory for the fiscal year that ended in Nov. 2023 was $-1.19 Mil. It means Micropac Industries's inventory increased by $1.19 Mil from Nov. 2022 to Nov. 2023 .

Micropac Industries's Total Inventories for the quarter that ended in Feb. 2024 was $14.50 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micropac Industries's Days Inventory for the quarter that ended in Feb. 2024 was 338.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Micropac Industries's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.27.

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. Micropac Industries's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 2.12.

Micropac Industries Change In Inventory Historical Data

The historical data trend for Micropac Industries'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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Micropac Industries Change In Inventory Chart

Micropac Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Inventory

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-0.64

-2.09

0.45

-1.60

-1.19

Micropac Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-1.05	-0.61	-0.17	0.64	-3.02

Micropac Industries 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.16 Mil.

Micropac Industries (OTCPK:MPAD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.99	/	3.504	*	365 / 4
	=	338.28

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

Micropac Industries's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.504	/	12.99
	=	0.27

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.

Micropac Industries's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.99	/	6.118
	=	2.12

Micropac Industries Change In Inventory Related Terms

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Micropac Industries (Micropac Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Micropac Industries Inc (OTCPK:MPAD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 East Walnut Street, Garland, TX, USA, 75040

Website

https://www.micropac.com

Micropac Industries Inc manufactures and distributes a range of hybrid microelectronic circuits, solid-state relays (SSRs), power controllers, and optoelectronic components and assemblies. Its products are used as components in a range of military, space, and industrial systems, including aircraft instrumentation and navigation systems, power supplies, electronic controls, computers, medical devices, and high-temperature products. The company's core technology is the packaging and interconnecting of multi-chip microelectronics modules. Other technologies include light-emitting, and light-sensitive materials and products, including light-emitting diodes (LEDs) and silicon phototransistors used in the company's optoelectronic components and assemblies.

Executives

Mark W King	director, officer: Chief Executive Officer	2905 WYNDHAM LANE, RICHARDSON TX 75082
Richard K Hoesterey	director	7852 LA COSA DRIVE, DALLAS TX 75248
Eugene A. Robinson	director	1200 LAKE POINT CIRCLE, MCKINNEY TX 75070
Heinz-werner Hempel	director, 10 percent owner	AM WALL 127 D-281951, BREMEN 2M 00000
Micropac Industries, Inc.	10 percent owner	AM WALL 127 D-281951 1, BREMEN 2M 00000
Patrick Cefalu	officer: CFO	8706 ARBORSIDE, ROWLETT TX 75089
Wood Connie J.	director	877 FM 2948, COMO TX 75431
H. Kent Hearn	director	1409 BRIAR HOLLOW, GARLAND TX 75043

Micropac Industries (Micropac Industries) Headlines

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