BDMD (Baird Medical Investment Holdings) Change In Inventory : $-0.26 Mil (TTM As of Jun. 2024)

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What is Baird Medical Investment Holdings Change In Inventory?

Baird Medical Investment Holdings's change in inventory for the quarter that ended in Jun. 2024 was $-0.00 Mil. It means Baird Medical Investment Holdings's inventory increased by $0.00 Mil from Dec. 2023 to Jun. 2024 .

Baird Medical Investment Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $0.11 Mil. It means Baird Medical Investment Holdings's inventory declined by $0.11 Mil from Dec. 2022 to Dec. 2023 .

Baird Medical Investment Holdings's Total Inventories for the quarter that ended in Jun. 2024 was $1.12 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Baird Medical Investment Holdings's Days Inventory for the quarter that ended in Jun. 2024 was 125.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Baird Medical Investment Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.46.

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. Baird Medical Investment Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.

Baird Medical Investment Holdings Change In Inventory Historical Data

The historical data trend for Baird Medical Investment Holdings'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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Baird Medical Investment Holdings Change In Inventory Chart

Baird Medical Investment Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-2.20

1.57

0.11

Baird Medical Investment Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Change In Inventory	-	-	0.37	-0.26	-

Baird Medical Investment Holdings 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.26 Mil.

Baird Medical Investment Holdings (NAS:BDMD) Change In Inventory Explanation

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

Baird Medical Investment Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.131	/	1.646	*	365 / 2
	=	125.40

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

Baird Medical Investment Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.646	/	1.131
	=	1.46

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.

Baird Medical Investment Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.131	/	13.137
	=	0.09

Baird Medical Investment Holdings Change In Inventory Related Terms

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Baird Medical Investment Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Baird Medical Investment Holdings Ltd (NAS:BDMD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Rongtong Street, Room 202, 2nd Floor, Baide Building, Building 11, Yuexiu, Guangzhou, CHN

Website

Baird Medical Investment Holdings Ltd is one of the microwave ablation medical device developers and providers in the PRC for minimally invasive treatment of tumors. Its proprietary medical devices are used for the treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer and breast lumps. Microwave ablation is a minimally invasive treatment technique that denaturalizes and coagulates the protein of tumor cells with extreme heat generated by microwave energy. Microwave ablation treatments have been applied to benign and malignant tumors, and the company believes the products are safer, minimally invasive and easier to operate with faster recovery periods and lower complication rates for patients, as compared to traditional treatment methods.