Tel Instrument Electronics (Tel Instrument Electronics) Change In Inventory : $-0.96 Mil (TTM As of Dec. 2023)

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What is Tel Instrument Electronics Change In Inventory?

Tel Instrument Electronics's change in inventory for the quarter that ended in Dec. 2023 was $-0.22 Mil. It means Tel Instrument Electronics's inventory increased by $0.22 Mil from Sep. 2023 to Dec. 2023 .

Tel Instrument Electronics's change in inventory for the fiscal year that ended in Mar. 2023 was $-0.71 Mil. It means Tel Instrument Electronics's inventory increased by $0.71 Mil from Mar. 2022 to Mar. 2023 .

Tel Instrument Electronics's Total Inventories for the quarter that ended in Dec. 2023 was $4.32 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tel Instrument Electronics's Days Inventory for the quarter that ended in Dec. 2023 was 267.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tel Instrument Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.34.

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. Tel Instrument Electronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.75.

Tel Instrument Electronics Change In Inventory Historical Data

The historical data trend for Tel Instrument Electronics'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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Tel Instrument Electronics Change In Inventory Chart

Tel Instrument Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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1.27

-0.21

-0.37

0.68

-0.71

Tel Instrument Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.38	-0.23	-0.02	-0.49	-0.22

Tel Instrument Electronics 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 quarterly data reported by the company within the most recent 12 months, which was $-0.96 Mil.

Tel Instrument Electronics (OTCPK:TIKK) Change In Inventory Explanation

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

Tel Instrument Electronics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.2115	/	1.435	*	365 / 4
	=	267.80

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

Tel Instrument Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.435	/	4.2115
	=	0.34

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.

Tel Instrument Electronics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.2115	/	2.403
	=	1.75

Tel Instrument Electronics Change In Inventory Related Terms

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Tel Instrument Electronics (Tel Instrument Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Tel Instrument Electronics Corp (OTCPK:TIKK) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

One Branca Road, East Rutherford, NJ, USA, 07073

Website

https://www.telinstrument.com

Tel Instrument Electronics Corp is a designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government, military aerospace, and defense markets. It designs, manufactures and sells instruments to test and measure, and calibrates and repairs airborne navigation and communication equipment. The company's reportable segments are Avionics government and Avionics commercial. The avionics government segment consists of the design, manufacture, and sale of test equipment to the U.S. and foreign governments and militaries. The Avionics commercial segment consists of design, manufacture, and sale of test equipment to domestic and foreign airlines. It generates a majority of its revenue from the Avionics Government segment.

Executives

Dowling Vincent J. Jr	10 percent owner	54 LEDYARD, WEST HARTFORD CT 06117
Robert A Rice	director	728 GARDEN ST, CARLSTADT NJ 07072
Joseph P Macaluso	10 percent owner, officer: Principal Accounting Officer
Stephen A Fletcher	director, 10 percent owner	ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121
Sadie Elizabeth Fletcher	10 percent owner	ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121
Michael Wolfgang Schirmer	officer: Chief Operating Officer	ONE BRANCA ROAD, EAST RUTHERFORD NJ 07073
Jeff C Ohara	director	ONE BRANCA RD, EAST RUTHERFORD NJ 07073
George J Leon	director, 10 percent owner
Chris H Allen	officer: VP of Operations	ONE BRANCA RD, EAST RUTHERFORD NJ 07073
Harold K Fletcher	director, 10 percent owner, officer: CEO
Marc A Mastrangelo	officer: Vice President-Manufacturing	728 GARDEN ST, CARLSTADT NJ 07072
Adam Rachlin	officer: Vice President	728 GARDEN ST, CARLSTADT NJ 07072
Charles R Palanzo	officer: COO	728 GARDEN STREET, CARLSTADT NJ 07072
Robert H Walker	director	C/O ROBOTIC VISION SYSTEMS INC, 486 AMHERST STREET, NASHUA NH 03063
Robert J Melnick	director, officer: Vice President

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