The L S Starrett Co (The L S Starrett Co) Change In Inventory : $10.8 Mil (TTM As of Dec. 2023)

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What is The L S Starrett Co Change In Inventory?

The L S Starrett Co's change in inventory for the quarter that ended in Dec. 2023 was $5.1 Mil. It means The L S Starrett Co's inventory declined by $5.1 Mil from Sep. 2023 to Dec. 2023 .

The L S Starrett Co's change in inventory for the fiscal year that ended in Jun. 2023 was $3.3 Mil. It means The L S Starrett Co's inventory declined by $3.3 Mil from Jun. 2022 to Jun. 2023 .

The L S Starrett Co's Total Inventories for the quarter that ended in Dec. 2023 was $61.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The L S Starrett Co's Days Inventory for the quarter that ended in Dec. 2023 was 133.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. The L S Starrett Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.68.

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. The L S Starrett Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.02.

The L S Starrett Co Change In Inventory Historical Data

The historical data trend for The L S Starrett Co'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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The L S Starrett Co Change In Inventory Chart

The L S Starrett Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-4.20

1.60

-3.69

-8.83

3.34

The L S Starrett Co 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															1.72	3.24	3.42	-0.89	5.05

The L S Starrett Co 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 $10.8 Mil.

The L S Starrett Co (NYSE:SCX) Change In Inventory Explanation

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

The L S Starrett Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	63.205	/	43.112	*	365 / 4
	=	133.78

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

The L S Starrett Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.112	/	63.205
	=	0.68

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.

The L S Starrett Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63.205	/	62.076
	=	1.02

The L S Starrett Co Change In Inventory Related Terms

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The L S Starrett Co (The L S Starrett Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The L S Starrett Co (NYSE:SCX) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

121 Crescent Street, Athol, MA, USA, 01331

Website

https://www.starrett.com

The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.

Executives

Douglas A Starrett	officer: President & CEO	121 CRESCENT STREET, ATHOL MA 01331
John C. Tripp	officer: CFO	C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
David T. Allen	other: Insider	121 CRESCENT STREET, ATHOL MA 01331
Emerson Leme	officer: VP Of Industrial Products	C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Charles Alpuche	director	C/O INSULET CORPORATION, 600 TECHNOLOGY PARK DRIVE, SUITE 200, BILLERICA MA 01821
Christian Arntsen	officer: VP of International Products	C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Deborah Gordon	director	121 CRESCENT STREET, ATHOL MA 01331
Thomas J Riordan	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Scott William Sproule	director	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Terry A Piper	director	121 CRESCENT STREET, ATHOLL MA 01331
Chris Gahagan	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Russell D. Carreker	director	121 CRESCENT STREET, ATHOL MA 01331
David A Lemoine	director	C/O THE L S STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Richard Kennedy	director	121 CRESCENT STREET, ATHOL MA 01331
Francis J O'brien	officer: Treasurer & CFO	C/O THE L. S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331