Northann (Northann) Change In Inventory : $2.95 Mil (TTM As of Mar. 2024)

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What is Northann Change In Inventory?

Northann's change in inventory for the quarter that ended in Mar. 2024 was $-0.20 Mil. It means Northann's inventory increased by $0.20 Mil from Dec. 2023 to Mar. 2024 .

Northann's change in inventory for the fiscal year that ended in Dec. 2023 was $1.92 Mil. It means Northann's inventory declined by $1.92 Mil from Dec. 2022 to Dec. 2023 .

Northann's Total Inventories for the quarter that ended in Mar. 2024 was $2.84 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northann's Days Inventory for the quarter that ended in Mar. 2024 was 82.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Northann's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.11.

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. Northann's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Northann Change In Inventory Historical Data

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

Northann Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-1.34

-0.59

-1.70

1.92

Northann Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial							-1.23	-0.16	0.18	3.13	-0.20

Northann 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 $2.95 Mil.

Northann (AMEX:NCL) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.7445	/	3.052	*	365 / 4
	=	82.06

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.052	/	2.7445
	=	1.11

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.7445	/	4.596
	=	0.60

Northann Change In Inventory Related Terms

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Northann (Northann) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Northann Corp (AMEX:NCL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Northann Distribution Center Inc, 9820 Dino Drive, Suite 110, Elk Grove, CA, USA, 95624

Website

https://www.northann.com

Northann Corp is an American technology innovator and producer of natural and sustainable material-based products for interior finishes. It is a leading provider of 3D printing technology in the home improvement industry. the company use its cutting-edge technology to produce high-quality floorings, wall panels, and decorative panels.

Executives

Scott Brady Powell	director	700 1ST STREET, #17J, HOBOKEN NJ 07030
Schaefer Charles James Iv	director	C/O NORTHANN DISTRIBUTION CENTER INC., 9820 DINO DRIVE, SUITE 110, ELK GROVE CA 95624
Kurt W. Winn	director, officer: Chief Operating Officer	C/O NORTHANN DISTRIBUTION CENTER INC., 9820 DINO DRIVE, SUITE 110, ELK GROVE CA 95624
Bradley Charles Lalonde	director	C/O NORTHANN DISTRIBUTION CENTER INC., 9820 DINO DRIVE, SUITE 110, ELK GROVE CA 95624

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