VerifyMe (VerifyMe) Change In Inventory : $-0.08 Mil (TTM As of Mar. 2024)

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What is VerifyMe Change In Inventory?

VerifyMe's change in inventory for the quarter that ended in Mar. 2024 was $0.01 Mil. It means VerifyMe's inventory declined by $0.01 Mil from Dec. 2023 to Mar. 2024 .

VerifyMe's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.06 Mil. It means VerifyMe's inventory increased by $0.06 Mil from Dec. 2022 to Dec. 2023 .

VerifyMe's Total Inventories for the quarter that ended in Mar. 2024 was $0.03 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VerifyMe's Days Inventory for the quarter that ended in Mar. 2024 was 0.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. VerifyMe's Inventory Turnover for the quarter that ended in Mar. 2024 was 99.97.

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. VerifyMe's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

VerifyMe Change In Inventory Historical Data

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

VerifyMe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.01

-0.02

-0.03

-0.06

VerifyMe Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.03	0.01	-	-0.10	0.01

VerifyMe 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 $-0.08 Mil.

VerifyMe (NAS:VRME) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.035	/	3.499	*	365 / 4
	=	0.91

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.499	/	0.035
	=	99.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.035	/	5.759
	=	0.01

VerifyMe Change In Inventory Related Terms

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VerifyMe (VerifyMe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » VerifyMe Inc (NAS:VRME) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

LT1B:Germany LT1B:Germany

Address

801 International Parkway, Fifth Floor, Lake Mary, FL, USA, 32746

Website

https://www.verifyme.com

VerifyMe Inc is a technology solutions company based in the United States. It markets a broad patent portfolio that includes patents in the field of authenticating products, people, and financial transactions. In the areas of authentication and serialization of physical goods, the company offers clients the following products as anti-counterfeit systems: RainbowSecure, VeriPAS supply chain serialization, track, and trace technology; VeriPAS Smartphone Authenticator; VerifyMe Beeper; VerifyMe Web. The company serves a diverse set of markets including pharmaceutical companies, high-end retailers, the gaming industry, and governments worldwide.

Executives

Adam H Stedham	director	GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY, SUITE 200, COLUMBIA MD 21044
Marshall S Geller	director	10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Scott N Greenberg	director	9 WEST 57 STREET, SUITE 4170, NEW YORK NY 10019
Paul Joseph Ryan	officer: EVP, Authentication	C/O VERIFYME, INC., 801 INTERNATIONAL PARKWAY, FIFTH FLOOR, LAKE MARY FL 32746
David Bruce Edmonds	director	C/O VERIFYME, INC., 801 INTERNATIONAL PARKWAY, FIFTH FLOOR, LAKE MARY FL 32746
Howard Goldberg	director
Curt Harris Kole	officer: EVP-Sales, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Jack Wang	officer: CIO, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Fred Iii Volk	officer: VP-Ops, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Nancy L. Meyers	officer: Senior VP, Finance & IR	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Margaret Gezerlis	officer: Chief Financial Officer	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Keith Goldstein	officer: Acting Chief Operating Officer	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Arthur B Laffer	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Christopher P Gardner	director	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Sandy Fliderman	officer: Chief Technology Officer	3330 NORTHEAST 190TH STREET, APT 1815, AVENTURA FL 33180