Neogen's change in inventory for the quarter that ended in Feb. 2024 was $-22.7 Mil. It means Neogen's inventory
increased by $22.7 Mil
from Nov. 2023 to Feb. 2024 .
Neogen's change in inventory for the fiscal year that ended in May. 2023 was $10.0 Mil. It means Neogen's inventory
declined by $10.0 Mil
from May. 2022 to May. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Neogen's Days Inventory for the quarter that ended in Feb. 2024 was 139.78.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Neogen's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.65.
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.
Neogen's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.75.
Neogen Change In Inventory Historical Data
The historical data trend for Neogen'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.
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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-38.1 Mil.
* 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.
Neogen (NAS:NEOG) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Neogen's Days Inventory for the quarter that ended in is calculated as:
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.
Neogen's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
* 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.
Neogen Change In Inventory Related Terms
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Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.
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