Mesa Laboratories (Mesa Laboratories) Change In Inventory : $-0.8 Mil (TTM As of Dec. 2023)

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What is Mesa Laboratories Change In Inventory?

Mesa Laboratories's change in inventory for the quarter that ended in Dec. 2023 was $0.4 Mil. It means Mesa Laboratories's inventory declined by $0.4 Mil from Sep. 2023 to Dec. 2023 .

Mesa Laboratories's change in inventory for the fiscal year that ended in Mar. 2023 was $-10.2 Mil. It means Mesa Laboratories's inventory increased by $10.2 Mil from Mar. 2022 to Mar. 2023 .

Mesa Laboratories's Total Inventories for the quarter that ended in Dec. 2023 was $36.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mesa Laboratories's Days Inventory for the quarter that ended in Dec. 2023 was 156.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mesa Laboratories's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.58.

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. Mesa Laboratories's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.

Mesa Laboratories Change In Inventory Historical Data

The historical data trend for Mesa Laboratories'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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Mesa Laboratories Change In Inventory Chart

Mesa Laboratories Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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2.57

0.41

0.93

-1.05

-10.18

Mesa Laboratories 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															-5.13	-0.99	-1.24	1.06	0.40

Mesa Laboratories 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 $-0.8 Mil.

Mesa Laboratories (NAS:MLAB) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	34.426	/	20.071	*	365 / 4
	=	156.51

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.071	/	34.426
	=	0.58

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.426	/	53.473
	=	0.64

Mesa Laboratories Change In Inventory Related Terms

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Mesa Laboratories (Mesa Laboratories) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mesa Laboratories Inc (NAS:MLAB) » Definitions » Change In Inventory

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N/A

Address

12100 West Sixth Avenue, Lakewood, CO, USA, 80228

Website

https://www.mesalabs.com

Mesa Laboratories Inc manufactures life sciences tools and critical quality control products. It operates in 4 divisions: Sterilization and Disinfection Control, which manufactures and sells biological, cleaning, and chemical indicators. It also provides testing and laboratory services, mainly to the dental industry; Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions; Calibration Solutions division develops, manufactures, and sells quality control and calibration products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters for health and safety purposes; and Clinical Genomics. Its geographical segments include United States and Foreign.

Executives

Brian David Archbold	officer: SVP of Continuous Improvement	12100 W. 6TH AVENUE, LAKEWOOD CO 80228
John Bradley Schmieder	director	C/O MESA LABORATORIES, INC., 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
Gary M Owens	officer: COO	12100 W. 6TH AVENUE, LAKEWOOD CO 80228
John V Sakys	officer: VP Finance, CFO	MESA LABORATORIES, INC., 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
Shannon Hall	director	1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Evan Guillemin	director	380 LAFAYETTE STREET, SIXTH FLOOR, NEW YORK NY 10003
R Tony Tripeny	director	ONE RIVERFRONT PLAZA, CORNING NY 14831
Gregory Dinoia	officer: SVP Commercial Operations	12100 W. 6TH AVENUE, LAKEWOOD CO 80228
Mesa Laboratories Inc /co/	director	12100 W 6TH AVE, LAKEWOOD CO 80228
John James Sullivan	officer: VP Sales & Marketing	12100 W. 6TH AVENUE, LAKEWOOD CO 80228
David M Kelly	director
Shiraz Shabanali Ladiwala	director	C/O THERMO FISHER SCIENTIFIC INC., 168 THIRD AVENUE, WALTHAM MA 02451
Robert V Dwyer	director	12100 W 6TH AVE, LAKEWOOD CO 80228
Jennifer Sadie Alltoft	director	12100 W. 6TH AVENUE, LAKEWOOD CO 80228
David Brian Perez	director	12100 6TH AVENUE, LAKEWOOD CO 80228