Utah Medical Products (Utah Medical Products) Change In Inventory : $-0.67 Mil (TTM As of Dec. 2023)

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What is Utah Medical Products Change In Inventory?

Utah Medical Products's change in inventory for the quarter that ended in Dec. 2023 was $0.26 Mil. It means Utah Medical Products's inventory declined by $0.26 Mil from Sep. 2023 to Dec. 2023 .

Utah Medical Products's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.67 Mil. It means Utah Medical Products's inventory increased by $0.67 Mil from Dec. 2022 to Dec. 2023 .

Utah Medical Products's Total Inventories for the quarter that ended in Dec. 2023 was $9.58 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Utah Medical Products's Days Inventory for the quarter that ended in Dec. 2023 was 168.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Utah Medical Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.54.

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. Utah Medical Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.

Utah Medical Products Change In Inventory Historical Data

The historical data trend for Utah Medical Products'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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Utah Medical Products Change In Inventory Chart

Utah Medical Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.69

0.92

-0.49

-2.35

-0.67

Utah Medical Products 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															-0.29	-1.08	-0.16	0.32	0.26

Utah Medical Products 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 $-0.67 Mil.

Utah Medical Products (NAS:UTMD) Change In Inventory Explanation

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

Utah Medical Products's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.6455	/	5.235	*	365 / 4
	=	168.13

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.235	/	9.6455
	=	0.54

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.6455	/	12.333
	=	0.78

Utah Medical Products Change In Inventory Related Terms

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Utah Medical Products (Utah Medical Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Utah Medical Products Inc (NAS:UTMD) » Definitions » Change In Inventory

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Traded in Other Exchanges

UTM:Germany

Address

7043 South 300 West, Midvale, UT, USA, 84047

Website

http://www.utahmed.com

Utah Medical Products Inc is involved in the business of developing, manufacturing, and distributing medical devices that are mainly proprietary, disposable and for hospital use. The firm produces its products for Blood pressure monitoring, Blood collection, Electrosurgery, Gynecology, Neonatal critical care, perinatology, and Urology. The company's product portfolio includes Electrosurgical pens, Tenacula, Endoscopic bulb irrigators, Blood bag spikes. Its products are used mainly in critical care areas, labor and delivery departments of hospitals as well as outpatient clinics and physicians offices.

Executives

Paul O Richins	director, officer: VP, Treasurer, Asst. Secretary	7043 SOUTH 300 WEST, MIDVALE UT 84047
Barbara A Payne	director
Ernst G Hoyer	director
Kevin L Cornwell	director, officer: Chairman, CEO, Secretary
Brian Koopman	officer: Principal Financial Officer	108 E 1700 S, BOUNTIFUL UT 84010
James H Beeson	director	7043 SOUTH 300 WEST, MIDVALE UT 84047
Greg A Leclaire	officer: Chief Financial Officer	5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116
Stephen W Bennett	director