Mirion Technologies (Mirion Technologies) Change In Inventory : $-0.5 Mil (TTM As of Dec. 2023)

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What is Mirion Technologies Change In Inventory?

Mirion Technologies's change in inventory for the quarter that ended in Dec. 2023 was $14.3 Mil. It means Mirion Technologies's inventory declined by $14.3 Mil from Sep. 2023 to Dec. 2023 .

Mirion Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.5 Mil. It means Mirion Technologies's inventory increased by $0.5 Mil from Dec. 2022 to Dec. 2023 .

Mirion Technologies's Total Inventories for the quarter that ended in Dec. 2023 was $144.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mirion Technologies's Days Inventory for the quarter that ended in Dec. 2023 was 112.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mirion Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

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. Mirion Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.65.

Mirion Technologies Change In Inventory Historical Data

The historical data trend for Mirion Technologies'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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Mirion Technologies Change In Inventory Chart

Mirion Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-34.80

-0.50

Mirion Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															1.10	-13.90	-4.20	3.30	14.30

Mirion Technologies 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 quarterly data reported by the company within the most recent 12 months, which was $-0.5 Mil.

Mirion Technologies (NYSE:MIR) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	149.9	/	121.9	*	365 / 4
	=	112.21

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	121.9	/	149.9
	=	0.81

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	149.9	/	230.4
	=	0.65

Mirion Technologies Change In Inventory Related Terms

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Mirion Technologies (Mirion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirion Technologies Inc (NYSE:MIR) » Definitions » Change In Inventory

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55I0:Germany

Address

1218 Menlo Drive, Atlanta, GA, USA, 30318

Website

https://www.mirion.com

Mirion Technologies Inc provides products, services, and software that allows customers to safely leverage the power of ionizing radiation for the greater good of humanity through critical applications in the medical, nuclear, defense markets, as well as laboratories, scientific research, analysis and exploration. The Company manages its operations through two segments: Medical and Industrial. The Medical segment provides radiation oncology quality assurance, delivering patient safety solutions for diagnostic imaging and radiation therapy centers. The Industrial segment provides robust, field ready personal radiation detection and identification equipment for defense applications and radiation detection and analysis tools for power plants, labs, and research applications.

Executives

Christopher A. Moore	officer: Chief Accounting Officer (PAO)	C/O MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Loic Eloy	officer: Industrial Group President	1218 MENLO DRIVE, ATLANTA GA 30318
Gsam Holdings Llc	director, 10 percent owner	200 WEST STREET, NEW YORK NY 10282
Michael J Rossi	officer: Medical Group President	230 PARK AVENUE, SUITE 3350, NEW YORK NY 10169
Sheila Rege	director	1218 MENLO DRIVE, ATLANTA GA 30318
Jody Markopoulos	director	3641 WOODBOURNE LANE, CROZET VA 22932
Ccp Ix Lp No. 1	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Ccp Ix Lp No. 2	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Ccp Ix Co-investment Lp	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Ccp Ix Co-investment No. 2 Lp	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Charterhouse General Partners (ix) Ltd	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Kipling Matas	officer: Chief Accounting Officer	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Christopher L Warren	director	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Brian Schopfer	officer: Chief Financial Officer	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Michael Freed	officer: Chief Operating Officer	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318