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Novra Technologies (TSXV:NVI) Change In Inventory : C$0.69 Mil (TTM As of Dec. 2023)


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What is Novra Technologies Change In Inventory?

Novra Technologies's change in inventory for the quarter that ended in Dec. 2023 was C$0.67 Mil. It means Novra Technologies's inventory declined by C$0.67 Mil from Sep. 2023 to Dec. 2023 .

Novra Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.69 Mil. It means Novra Technologies's inventory declined by C$0.69 Mil from Dec. 2022 to Dec. 2023 .

Novra Technologies's Total Inventories for the quarter that ended in Dec. 2023 was C$1.34 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novra Technologies's Days Inventory for the quarter that ended in Dec. 2023 was 322.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novra Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.28.

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. Novra Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.82.


Novra Technologies Change In Inventory Historical Data

The historical data trend for Novra Technologies'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.

* Premium members only.

Novra Technologies Change In Inventory Chart

Novra Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 -0.41 0.57 -0.36 0.69

Novra Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 -0.14 -0.11 0.27 0.67

Novra Technologies 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 C$0.69 Mil.

* 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.


Novra Technologies  (TSXV:NVI) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1.6715/0.473*365 / 4
=322.46

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

Novra Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

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.

Novra Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

* 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.


Novra Technologies Change In Inventory Related Terms

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Novra Technologies (TSXV:NVI) Business Description

Traded in Other Exchanges
Address
210 - 100 Innovation Drive, Winnipeg, MB, CAN, R3T 6G2
Novra Technologies Inc is engaged in the satellite data distribution business. It offers a comprehensive product portfolio including hardware, software, and services. In addition to its core video, radio, and data products, areas of expertise and added value include encryption and cybersecurity, next-generation hybrid networks (satellite/terrestrial/cloud), and efficient bandwidth utilization. The company is spread across the United States which is the key revenue driver, Canada, EMEA and APAC.

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