Abaxis (Abaxis) Change In Inventory : $-8.2 Mil (TTM As of Mar. 2018)

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What is Abaxis Change In Inventory?

Abaxis's change in inventory for the quarter that ended in Mar. 2018 was $-3.1 Mil. It means Abaxis's inventory increased by $3.1 Mil from Dec. 2017 to Mar. 2018 .

Abaxis's change in inventory for the fiscal year that ended in Mar. 2018 was $-8.2 Mil. It means Abaxis's inventory increased by $8.2 Mil from Mar. 2017 to Mar. 2018 .

Abaxis's Total Inventories for the quarter that ended in Mar. 2018 was $44.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abaxis's Days Inventory for the quarter that ended in Mar. 2018 was 129.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Abaxis's Inventory Turnover for the quarter that ended in Mar. 2018 was 0.71.

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. Abaxis's Inventory-to-Revenue for the quarter that ended in Mar. 2018 was 0.64.

Abaxis Change In Inventory Historical Data

The historical data trend for Abaxis'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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Abaxis Change In Inventory Chart

Abaxis Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Change In Inventory

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-2.49

-10.14

0.07

-8.18

Abaxis Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Change In Inventory	Get a 7-Day Free Trial															-0.06	-1.85	1.16	-4.43	-3.05

Abaxis 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 Mar. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.2 Mil.

Abaxis (NAS:ABAX) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	43.3095	/	30.59	*	365 / 4
	=	129.19

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

Abaxis's Inventory Turnover for the quarter that ended in Mar. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30.59	/	43.3095
	=	0.71

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.

Abaxis's Inventory to Revenue for the quarter that ended in Mar. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.3095	/	67.918
	=	0.64

Abaxis Change In Inventory Related Terms

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Abaxis (Abaxis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Abaxis Inc (NAS:ABAX) » Definitions » Change In Inventory

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Address

Website

http://www.abaxis.com

Abaxis Inc manufactures point-of-care blood analysis instruments and consumables for medical and veterinary care providers. The medical segment sells Piccolo Chemistry Analyzers, which can provide results about a blood sample in 12 minutes, and related reagents to physicians, hospitals, pharmacies, and other healthcare providers. The veterinary segment generates the majority of the firm's total revenue and sells products to animal hospitals, veterinary clinics, and private research laboratories. Products in this segment include the VetScan VS2 chemistry analyzer, animal-specific reagents, and rapid tests for canine and feline diseases. The vast majority of the firm's revenue comes from North America and Europe.

Executives

Richard Bastiani	director	C/O ABAXIS INC, 3240 WHIPPLE RD, UNION CITY CA 94587
Taylor Dean Ross Jr	officer: CFO and VP of Finance	C/O ABAXIS INC, 3240 WHIPPLE ROAD, UNION CITY CA 94587
Clinton Severson	director, officer: CEO & Board Chairman	C/O ABAXIS INC, 3240 WHIPPLE ROAD, UNION CITY CA 94587
Michael D Casey	director	ALLOS THERAPEUTICS, INC., 11080 CIRCLEPOINT ROAD, SUITE 200, WESTMINSTER CO 80020