Sterling Consolidated (Sterling Consolidated) Change In Inventory : $-1.19 Mil (TTM As of Sep. 2022)

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What is Sterling Consolidated Change In Inventory?

Sterling Consolidated's change in inventory for the quarter that ended in Sep. 2022 was $0.19 Mil. It means Sterling Consolidated's inventory declined by $0.19 Mil from Jun. 2022 to Sep. 2022 .

Sterling Consolidated's change in inventory for the fiscal year that ended in Dec. 2021 was $-0.31 Mil. It means Sterling Consolidated's inventory increased by $0.31 Mil from Dec. 2020 to Dec. 2021 .

Sterling Consolidated's Total Inventories for the quarter that ended in Sep. 2022 was $4.09 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sterling Consolidated's Days Inventory for the quarter that ended in Sep. 2022 was 92.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sterling Consolidated's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.98.

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. Sterling Consolidated's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.88.

Sterling Consolidated Change In Inventory Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Change In Inventory Chart

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Inventory

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0.22

-0.06

-0.16

0.29

-0.31

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Inventory	Get a 7-Day Free Trial															-0.29	-0.45	-0.36	-0.56	0.19

Sterling Consolidated 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.19 Mil.

Sterling Consolidated (OTCPK:STCC) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.1835	/	4.105	*	365 / 4
	=	92.99

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

Sterling Consolidated's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.105	/	4.1835
	=	0.98

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.

Sterling Consolidated's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.1835	/	4.728
	=	0.88

Sterling Consolidated Change In Inventory Related Terms

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Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753