60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Change In Inventory : $0.35 Mil (TTM As of Mar. 2024)

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What is 60 Degrees Pharmaceuticals Change In Inventory?

60 Degrees Pharmaceuticals's change in inventory for the quarter that ended in Mar. 2024 was $0.03 Mil. It means 60 Degrees Pharmaceuticals's inventory declined by $0.03 Mil from Dec. 2023 to Mar. 2024 .

60 Degrees Pharmaceuticals's change in inventory for the fiscal year that ended in Dec. 2023 was $0.21 Mil. It means 60 Degrees Pharmaceuticals's inventory declined by $0.21 Mil from Dec. 2022 to Dec. 2023 .

60 Degrees Pharmaceuticals's Total Inventories for the quarter that ended in Mar. 2024 was $0.44 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 60 Degrees Pharmaceuticals's Days Inventory for the quarter that ended in Mar. 2024 was 632.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. 60 Degrees Pharmaceuticals's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.14.

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. 60 Degrees Pharmaceuticals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.88.

60 Degrees Pharmaceuticals Change In Inventory Historical Data

The historical data trend for 60 Degrees Pharmaceuticals'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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60 Degrees Pharmaceuticals Change In Inventory Chart

60 Degrees Pharmaceuticals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.19

0.31

0.01

0.21

60 Degrees Pharmaceuticals Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial							-0.11	0.11	0.06	0.15	0.03

60 Degrees Pharmaceuticals 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 $0.35 Mil.

60 Degrees Pharmaceuticals (NAS:SXTPW) Change In Inventory Explanation

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

60 Degrees Pharmaceuticals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.4505	/	0.065	*	365 / 4
	=	632.43

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

60 Degrees Pharmaceuticals's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.065	/	0.4505
	=	0.14

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.

60 Degrees Pharmaceuticals's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4505	/	0.116
	=	3.88

60 Degrees Pharmaceuticals Change In Inventory Related Terms

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60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 60 Degrees Pharmaceuticals Inc (NAS:SXTPW) » Definitions » Change In Inventory

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SXTP:USA

Address

1025 Connecticut Avenue NW, Suite 1000, Washington, D.C, WA, USA, 20036

Website

https://www.60degreespharma.com

60 Degrees Pharmaceuticals Inc operates as a specialty pharmaceutical company with the goal of using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The firm's pipeline products under development cover development programs for COVID-19, fungal, tick-borne, and other viral diseases through Arakoda and Celgosivir.