Avacta Group (Avacta Group) Change In Inventory : $0.25 Mil (TTM As of Dec. 2023)

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What is Avacta Group Change In Inventory?

Avacta Group's change in inventory for the quarter that ended in Dec. 2023 was $0.36 Mil. It means Avacta Group's inventory declined by $0.36 Mil from Jun. 2023 to Dec. 2023 .

Avacta Group's change in inventory for the fiscal year that ended in Dec. 2023 was $0.25 Mil. It means Avacta Group's inventory declined by $0.25 Mil from Dec. 2022 to Dec. 2023 .

Avacta Group's Total Inventories for the quarter that ended in Dec. 2023 was $3.27 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avacta Group's Days Inventory for the quarter that ended in Dec. 2023 was 74.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avacta Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.44.

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. Avacta Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Avacta Group Change In Inventory Historical Data

The historical data trend for Avacta Group'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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Avacta Group Change In Inventory Chart

Avacta Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.04

-0.12

0.02

0.06

0.25

Avacta Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.02	-0.01	0.07	-0.11	0.36

Avacta Group 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 semi-annually data reported by the company within the most recent 12 months, which was $0.25 Mil.

Avacta Group (OTCPK:AVCTF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.563	/	8.686	*	365 / 2
	=	74.86

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.686	/	3.563
	=	2.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.563	/	14.377
	=	0.25

Avacta Group Change In Inventory Related Terms

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Avacta Group (Avacta Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avacta Group PLC (OTCPK:AVCTF) » Definitions » Change In Inventory

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AVCT:UK RTQ1:Germany

Address

Unit 20, Ash Way, Thorp Arch Estate, West Yorkshire, Wetherby, GBR, LS23 7FA

Website

https://www.avacta.com

Avacta Group PLC is a United Kingdom-based biotechnology company. The company offers its products through three segments that are Diagnostics, Therapeutics, and Animal Health. The company is developing novel cancer immunotherapies combining its two proprietary platforms Affimer biotherapeutics and precision tumor-targeted chemotherapy. The company operates in the United Kingdom, France, South Korea, Rest of Europe, Asia, and North America.