Reflect Scientific (Reflect Scientific) Change In Inventory : $-0.10 Mil (TTM As of Mar. 2024)

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What is Reflect Scientific Change In Inventory?

Reflect Scientific's change in inventory for the quarter that ended in Mar. 2024 was $0.02 Mil. It means Reflect Scientific's inventory declined by $0.02 Mil from Dec. 2023 to Mar. 2024 .

Reflect Scientific's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.18 Mil. It means Reflect Scientific's inventory increased by $0.18 Mil from Dec. 2022 to Dec. 2023 .

Reflect Scientific's Total Inventories for the quarter that ended in Mar. 2024 was $0.95 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reflect Scientific's Days Inventory for the quarter that ended in Mar. 2024 was 469.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Reflect Scientific's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

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. Reflect Scientific's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.24.

Reflect Scientific Change In Inventory Historical Data

The historical data trend for Reflect Scientific'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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Reflect Scientific Change In Inventory Chart

Reflect Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.11

-0.19

-0.17

-0.18

Reflect Scientific Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.05	-0.03	-0.04	-0.05	0.02

Reflect Scientific 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.10 Mil.

Reflect Scientific (OTCPK:RSCF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.9615	/	0.187	*	365 / 4
	=	469.18

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

Reflect Scientific's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.187	/	0.9615
	=	0.19

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.

Reflect Scientific's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9615	/	0.429
	=	2.24

Reflect Scientific Change In Inventory Related Terms

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Reflect Scientific (Reflect Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Reflect Scientific Inc (OTCPK:RSCF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1266 South 1380 West, Orem, UT, USA, 84058

Website

https://www.reflectscientific.com

Reflect Scientific Inc is engaged in the manufacture and distribution of products targeted at the life science market. The company serves a varies array of customers including hospitals and diagnostic laboratories, pharmaceutical and biotech companies, universities, government and private sector research facilities, and chemical and industrial companies. The products of the company are Cryometrix Freezers which provides energy savings and other critically important benefits to cryo-storage customers in the Life Science related industries, and detectors that serve the analytical instrumentation sector of the Life Sciences market. The company sells its products in the biotechnology, pharmaceutical, and medical industries.

Executives

Kim Boyce	director, 10 percent owner, officer: President	1266 SOUTH 1380 WEST, OREM UT 84058
Keith L Merrell	officer: CFO	1240 MUELLER PARK ROAD, BOUNTIFUL UT 84010
William G Moon	director	1266 SOUTH 1380 WEST, OREM UT 84058
David Scott Strate	officer: CFO	1270 S 1380 W, OREM UT 84058
Kevin Cooksy	officer: Secretary Treasurer	3161 GRANADA DRIVE, CAMERON PARK CA 95682
Craig Morrison	director	975 NORTH TERRACE DRIVE, PROVO UT 84604
Thomas A Tait	director, officer: Vice President	514 AMERICAS WAY #5556, BOX ELDER SD 57719