Surge Components (Surge Components) Change In Inventory : $2.08 Mil (TTM As of Feb. 2024)

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What is Surge Components Change In Inventory?

Surge Components's change in inventory for the quarter that ended in Feb. 2024 was $1.55 Mil. It means Surge Components's inventory declined by $1.55 Mil from Nov. 2023 to Feb. 2024 .

Surge Components's change in inventory for the fiscal year that ended in Nov. 2023 was $0.99 Mil. It means Surge Components's inventory declined by $0.99 Mil from Nov. 2022 to Nov. 2023 .

Surge Components's Total Inventories for the quarter that ended in Feb. 2024 was $3.87 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surge Components's Days Inventory for the quarter that ended in Feb. 2024 was 84.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Surge Components's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.08.

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. Surge Components's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.66.

Surge Components Change In Inventory Historical Data

The historical data trend for Surge Components'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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Surge Components Change In Inventory Chart

Surge Components Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Inventory

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-0.20

0.18

-1.88

-1.12

0.99

Surge Components Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															0.46	0.20	0.11	0.22	1.55

Surge Components 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.08 Mil.

Surge Components (OTCPK:SPRS) Change In Inventory Explanation

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

Surge Components's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.6465	/	5.012	*	365 / 4
	=	84.60

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

Surge Components's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.012	/	4.6465
	=	1.08

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.

Surge Components's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.6465	/	7.054
	=	0.66

Surge Components Change In Inventory Related Terms

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Surge Components (Surge Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Surge Components Inc (OTCPK:SPRS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 East Jefryn Boulevard, Deer Park, New York, NY, USA, 11729

Website

https://www.surgecomponents.com

Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.

Executives

Peter Levy	director	C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Michael D Tofias	10 percent owner	325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282
Steven J Lubman	director, officer: VP, Secretary, Director	1016 GRAND BLVD, DEER PARK NY 11729
Martin Novick	director
Alan Plafker	director	24 SYLVIA ROAD, PLAINVIEW NY 11803
Gary Mark Jacobs	director	15 HOOVER STREET, INWOOD NY 11096
Lawrence Chariton	director	30 ROCKAWAY PLACE, MASSAPEQUA NY 11758
Ira Levy	director, officer: Chief Executive Officer
David Siegel	director	95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729