Nanophase Technologies (Nanophase Technologies) Change In Inventory : $-1.19 Mil (TTM As of Dec. 2023)

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What is Nanophase Technologies Change In Inventory?

Nanophase Technologies's change in inventory for the quarter that ended in Dec. 2023 was $0.09 Mil. It means Nanophase Technologies's inventory declined by $0.09 Mil from Sep. 2023 to Dec. 2023 .

Nanophase Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was $-1.19 Mil. It means Nanophase Technologies's inventory increased by $1.19 Mil from Dec. 2022 to Dec. 2023 .

Nanophase Technologies's Total Inventories for the quarter that ended in Dec. 2023 was $10.03 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanophase Technologies's Days Inventory for the quarter that ended in Dec. 2023 was 121.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nanophase Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.75.

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. Nanophase Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.26.

Nanophase Technologies Change In Inventory Historical Data

The historical data trend for Nanophase 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.

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Nanophase Technologies Change In Inventory Chart

Nanophase Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.31

-1.79

-1.76

-2.74

-1.19

Nanophase Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.72	-0.29	-1.71	0.09	-

Nanophase 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 $-1.19 Mil.

Nanophase Technologies (OTCPK:NANX) Change In Inventory Explanation

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

Nanophase 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
	=	10.077	/	7.54	*	365 / 4
	=	121.95

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.54	/	10.077
	=	0.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.077	/	8.011
	=	1.26

Nanophase Technologies Change In Inventory Related Terms

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Nanophase Technologies (Nanophase Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanophase Technologies Corp (OTCPK:NANX) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

1319 Marquette Drive, Romeoville, IL, USA, 60446

Website

https://www.nanophase.com

Nanophase Technologies Corp is a U.S based company engaged in the production of engineered nanomaterial solutions and larger, sub-micron, materials such as personal care sunscreens, architectural coatings, industrial coating applications, and abrasion-resistant additives, plastics additives, medical diagnostics, energy. Its technologies are designed to offer nanomaterial solutions for a specific customer application across various industries. Its products include Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Cerium Oxide, Iron Oxide and Zinc Oxide. The firm categorizes its revenue stream into three main product categories, Personal Care Ingredients, Advanced Materials and Solesence. Substantial revenue is generated from the sale of Solesence finished products.

Executives

Jess Jankowski	officer: Chief Financial Officer
R Janet Whitmore	director
Bradford T Whitmore	10 percent owner	5215 OLD ORCHARD ROAD, SUITE 620, SKOKIE IL 60077
Mark E Miller	director	1319 MARQUETTE DR, ROMEOVILLE IL 60446
Kevin Cureton	officer: VP, Sales & Marketing & BD	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Strandler, Llc	10 percent owner	401 3RD STREET, #9, RAPID CITY SD 57701
Laura M Beres	director	1319 MARQUETTE DR, ROMEOVILLE IL 60446
Jaime Escobar	officer: Chief Financial Officer	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Frank Cesario	officer: Chief Financial Officer	C/O ISCO INTERNATIONAL INC, 451 KIGSTON COURT, MT PROSPECT IL 60056
James A Henderson	director	301 WASHINGTON ST, COLUMBUS IN 47201
George A Vincent	director	C/O NANOPHASE TECHNOLOGIES, 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Spurgeon Corp	10 percent owner	407 S. THIRD STREET, SUITE 230, GENEVA IL 60134
W Edwin Tyler	director	ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Nancy Baldwin	officer: VP Human Resources & IT	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Patrick G Murray	officer: VP Research & Development	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446