Tenon Medical (Tenon Medical) Change In Inventory : $-0.22 Mil (TTM As of Mar. 2024)

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What is Tenon Medical Change In Inventory?

Tenon Medical's change in inventory for the quarter that ended in Mar. 2024 was $-0.08 Mil. It means Tenon Medical's inventory increased by $0.08 Mil from Dec. 2023 to Mar. 2024 .

Tenon Medical's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.14 Mil. It means Tenon Medical's inventory increased by $0.14 Mil from Dec. 2022 to Dec. 2023 .

Tenon Medical's Total Inventories for the quarter that ended in Mar. 2024 was $0.63 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tenon Medical's Days Inventory for the quarter that ended in Mar. 2024 was 217.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tenon Medical's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

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. Tenon Medical's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Tenon Medical Change In Inventory Historical Data

The historical data trend for Tenon Medical'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.
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Tenon Medical Change In Inventory Chart

Tenon Medical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.02

-0.15

-0.23

-0.14

Tenon Medical Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial									-	-0.15	0.10	-0.08	-0.08

Tenon Medical 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 $-0.22 Mil.

Tenon Medical (NAS:TNON) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.593	/	0.249	*	365 / 4
	=	217.31

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.249	/	0.593
	=	0.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.593	/	0.719
	=	0.82

Tenon Medical Change In Inventory Related Terms

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Tenon Medical (Tenon Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tenon Medical Inc (NAS:TNON) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 Cooper Court, Los Gatos, CA, USA, 95032

Website

https://www.tenonmed.com

Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.

Executives

Van Dick Steven M	officer: Chief Financial Officer	HANSEN MEDICAL, INC., 380 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Richard Ginn	director, officer: Chief Technology Officer	104 COOPER COURT, LOS GATOS CA 95032
Steven M Foster	director, officer: CEO and President	104 COOPER COURT, LOS GATOS CA 95032
Stephen Hochschuler	director	C/O TENON MEDICAL, INC., 104 COOPER COURT, LOS GATOS CA 95032
Frank M Fischer	director	9701 JERONIMO, IRVINE CA 92618
Richard M Ferrari	director	2118 WALSH AVENUE, SUITE 210, SANTA CLARA CA 95050
Ivan Howard	director	104 COOPER COURT, LOS GATOS CA 95032
Robert K Weigle	director	104 COOPER COURT, LOS GATOS CA 95032
Ventures Ag Zuhlke	10 percent owner	ZURCHERSTRASSE 39J, SCHLIEREN V8 8952