APPB (Applied Biosciences) Change In Inventory: $-0.03 Mil (TTM As of Dec. 2019)

What is Applied Biosciences Change In Inventory?

Applied Biosciences APPB 12 Change In Inventory is $-0.03 Mil as of Dec. 2019. GuruFocus rates APPB with a GF Score™ of 12/100.

Applied Biosciences's change in inventory for the quarter that ended in Dec. 2019 was $0.00 Mil. It means Applied Biosciences's inventory declined by $0.00 Mil from Sep. 2019 to Dec. 2019 .

Applied Biosciences's change in inventory for the fiscal year that ended in Mar. 2018 was $-0.01 Mil. It means Applied Biosciences's inventory increased by $0.01 Mil from Mar. 2017 to Mar. 2018 .

Applied Biosciences's Total Inventories for the quarter that ended in Dec. 2019 was $0.10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Applied Biosciences's Days Inventory for the quarter that ended in Dec. 2019 was 182.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Applied Biosciences's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.50.

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. Applied Biosciences's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.61.

Applied Biosciences (OTCPK:APPB) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.104	/	0.052	*	365 / 4
	=	182.50

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

Applied Biosciences's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.052	/	0.104
	=	0.50

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.

Applied Biosciences's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.104	/	0.17
	=	0.61

* 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.

Applied Biosciences Change In Inventory Related Terms

Applied Biosciences Change In Inventory Historical Data

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The historical data trend for Applied Biosciences's Change In Inventory can be seen below:

Applied Biosciences Change In Inventory Chart

Applied Biosciences Annual Data

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Applied Biosciences Quarterly Data
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Change In Inventory	Get a 7-Day Free Trial															-0.02	-0.01	-0.04	0.01	0.00

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Applied Biosciences 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Frequently Asked Questions Learn more about Change In Inventory →

What does a Change In Inventory of $-0.03 Mil mean?

Applied Biosciences (APPB) has a Change In Inventory of $-0.03 Mil as of Dec. 2019. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Applied Biosciences and its competitors.

Is Applied Biosciences' Change In Inventory too high?

Applied Biosciences' current Change In Inventory is $-0.03 Mil. Overall, Applied Biosciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Applied Biosciences' Change In Inventory compare to CNABQ and OWCP?

Applied Biosciences' Change In Inventory of $-0.03 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?

A good Change In Inventory depends on the Drug Manufacturers industry context. However, Change In Inventory should not be evaluated in isolation — 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 Applied Biosciences and its competitors. Applied Biosciences's current Change In Inventory is $-0.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Applied Biosciences stock overvalued right now?

Applied Biosciences (APPB) has a current Change In Inventory of $-0.03 Mil. The current Change In Inventory is $-0.03 Mil. Applied Biosciences' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Change In Inventory calculated?

Change In Inventory is calculated from a company's financial statements. For Applied Biosciences (APPB), the current Change In Inventory is $-0.03 Mil as of Dec. 2019. 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.

Applied Biosciences Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies CNABQ OWCP CXUS CANB GSRX LITH GENH PCYN EVIO ACCA ZTS TSE:4502 XTER:MRK HKSE:03692 TSE:4523 SZSE:000661 TSE:4507 SZSE:000538 NSE:SUNPHARMA SZSE:300601

Address 112 North Curry Street, 18th Floor, Carson, NY, USA, 89703

Website https://www.appliedbiocorp.com

Applied Biosciences Corp is a vertically integrated company focused on the development and commercialization of novel, science-driven, synthetic cannabinoid therapeutics / biopharmaceuticals that target the endocannabinoid system to treat a wide-range of diseases across multiple therapeutic areas. The company also deliver high-quality consumer and OTC THC-free CBD products that promote overall health and wellbeing as well as state-of-the-art testing and analytics capabilities to its customers.

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