ABMT (Advanced BioMedical Technologies) Change In Inventory: $-0.10 Mil (TTM As of Jul. 2021)

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What is Advanced BioMedical Technologies Change In Inventory?

Advanced BioMedical Technologies ABMT Change In Inventory is $-0.10 Mil as of Jul. 2021.

Advanced BioMedical Technologies's change in inventory for the quarter that ended in Jul. 2021 was $-0.03 Mil. It means Advanced BioMedical Technologies's inventory increased by $0.03 Mil from Apr. 2021 to Jul. 2021 .

Advanced BioMedical Technologies's change in inventory for the fiscal year that ended in Oct. 2020 was $-0.03 Mil. It means Advanced BioMedical Technologies's inventory increased by $0.03 Mil from Oct. 2019 to Oct. 2020 .

Advanced BioMedical Technologies's Total Inventories for the quarter that ended in Jul. 2021 was $0.19 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Advanced BioMedical Technologies's Inventory Turnover for the quarter that ended in Jul. 2021 was 0.00.

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.

Advanced BioMedical Technologies  (OTCPK:ABMT) Change In Inventory Explanation

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

Advanced BioMedical 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
=0.174/0*365 / 4
=N/A

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

Advanced BioMedical Technologies's Inventory Turnover for the quarter that ended in Jul. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0 / 0.174
=0.00

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.

Advanced BioMedical Technologies's Inventory to Revenue for the quarter that ended in Jul. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.174 / 0
=N/A

* 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.

Advanced BioMedical Technologies Change In Inventory Related Terms

Advanced BioMedical Technologies Change In Inventory Historical Data

* Premium members only.

The historical data trend for Advanced BioMedical 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.

Advanced BioMedical Technologies Change In Inventory Chart

Advanced BioMedical Technologies Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.07 -0.03

Advanced BioMedical Technologies Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.02 -0.02 -0.04 -0.03

Advanced BioMedical 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 Jul. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.10 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.10 Mil mean?
Advanced BioMedical Technologies (ABMT) has a Change In Inventory of $-0.10 Mil as of Jul. 2021. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Advanced BioMedical Technologies and its competitors.
Is Advanced BioMedical Technologies' Change In Inventory too high?
Advanced BioMedical Technologies' current Change In Inventory is $-0.10 Mil.
How does Advanced BioMedical Technologies' Change In Inventory compare to VYCO and ADMT?
Advanced BioMedical Technologies' Change In Inventory of $-0.10 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Medical Devices & Instruments company?
A good Change In Inventory depends on the Medical Devices & Instruments industry context. However, Change In Inventory should not be evaluated in isolation β€” investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Advanced BioMedical Technologies and its competitors. Advanced BioMedical Technologies's current Change In Inventory is $-0.10 Mil. However, context matters β€” high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Scoreβ„’ and GF Valueβ„’.
Is Advanced BioMedical Technologies stock overvalued right now?
Advanced BioMedical Technologies (ABMT) has a current Change In Inventory of $-0.10 Mil. The current Change In Inventory is $-0.10 Mil. Investors should evaluate multiple metrics β€” including profitability, growth, and financial strength β€” before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Advanced BioMedical Technologies (ABMT), the current Change In Inventory is $-0.10 Mil as of Jul. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Advanced BioMedical Technologies Business Description

Address 535 Fifth Avenue, 4th Floor, New York, NY, USA, 10017
Advanced BioMedical Technologies Inc is engaged in designing, developing, manufacturing, and the planned future marketing of self-reinforced, re-absorbable, biodegradable internal fixation devices. The company manufactures its products using Polyamide, and it is used in a variety of applications, which include orthopaedic trauma, sports-related medical treatment, cartilage injuries, and reconstructive dental procedures. Its Polyamide products include screws, rods, and binding wires consisting of enhanced fibres and high molecular polymers, which are designed to facilitate quick healing of complex fractures in many areas of the human skeletal system.