Merit Medical Systems (Merit Medical Systems) Change In Inventory : $-32 Mil (TTM As of Dec. 2023)

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What is Merit Medical Systems Change In Inventory?

Merit Medical Systems's change in inventory for the quarter that ended in Dec. 2023 was $2 Mil. It means Merit Medical Systems's inventory declined by $2 Mil from Sep. 2023 to Dec. 2023 .

Merit Medical Systems's change in inventory for the fiscal year that ended in Dec. 2023 was $-32 Mil. It means Merit Medical Systems's inventory increased by $32 Mil from Dec. 2022 to Dec. 2023 .

Merit Medical Systems's Total Inventories for the quarter that ended in Dec. 2023 was $304 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merit Medical Systems's Days Inventory for the quarter that ended in Dec. 2023 was 159.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Merit Medical Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

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. Merit Medical Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.94.

Merit Medical Systems Change In Inventory Historical Data

The historical data trend for Merit Medical Systems'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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Merit Medical Systems Change In Inventory Chart

Merit Medical Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-27.04

29.43

-25.18

-47.93

-32.11

Merit Medical Systems 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															-17.19	-22.97	-12.53	1.08	2.32

Merit Medical Systems 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 $-32 Mil.

Merit Medical Systems (NAS:MMSI) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	303.897	/	173.986	*	365 / 4
	=	159.38

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

Merit Medical Systems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	173.986	/	303.897
	=	0.57

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.

Merit Medical Systems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	303.897	/	324.515
	=	0.94

Merit Medical Systems Change In Inventory Related Terms

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Merit Medical Systems (Merit Medical Systems) Business Description

Industry

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

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Traded in Other Exchanges

MM3:Germany

Address

1600 West Merit Parkway, South Jordan, UT, USA, 84095

Website

https://www.merit.com

Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. Majority of the revenue is earned from Cardiovascular segment. United States generates majority of the revenue.

Executives

F. Ann Millner	director	4275 SPRING ROAD, OGDEN UT 84403
Neil Peterson	officer: Chief Operating Officer	1600 MERIT PARKWAY, SOUTH JORDAN UT 84095
A Scott Anderson	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Michel James Voigt	officer: Chief Human Resources Officer	1600 W MERIT PARKWAY, SOUTH JORDAN UT 84095
Fred P Lampropoulos	director, officer: President & CEO
Lynne Ward	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Raul Jr. Parra	officer: Interim CFO	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Joseph Wright	officer: President, International	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Brian G. Lloyd	officer: Chief Legal Officer, Secretary	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Ronald Frost	officer: Chief Operating Officer	1600 WEST MERIT PARKWAY, SOUTH JORDAN X1 84095
Robert Fredericks	officer: Chief Strategy & Innovation O.	1600 MERIT PARKWAY, SOUTH JORDAN UT 84095
Laura S. Kaiser	director	10101 WOODFIELD LANE, ST. LOUIS MO 63132
Michael R Mcdonnell	director	C/O IQVIA HOLDINGS INC., 83 WOOSTER HEIGHTS ROAD, DANBURY CT 06810
Jill Anderson	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Stephen C. Evans	director	C/O ALARM.COM HOLDINGS, INC., 8281 GREENSBORO DRIVE, SUITE 100, TYSONS VA 22102