G Medical Innovations Holdings (G Medical Innovations Holdings) Change In Inventory : $-2.02 Mil (TTM As of Dec. 2022)

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What is G Medical Innovations Holdings Change In Inventory?

G Medical Innovations Holdings's change in inventory for the quarter that ended in Dec. 2022 was $1.36 Mil. It means G Medical Innovations Holdings's inventory declined by $1.36 Mil from Jun. 2022 to Dec. 2022 .

G Medical Innovations Holdings's change in inventory for the fiscal year that ended in Dec. 2022 was $-2.02 Mil. It means G Medical Innovations Holdings's inventory increased by $2.02 Mil from Dec. 2021 to Dec. 2022 .

G Medical Innovations Holdings's Total Inventories for the quarter that ended in Dec. 2022 was $0.29 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. G Medical Innovations Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was -2.67.

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. G Medical Innovations Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.60.

G Medical Innovations Holdings Change In Inventory Historical Data

The historical data trend for G Medical Innovations 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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G Medical Innovations Holdings Change In Inventory Chart

G Medical Innovations Holdings Annual Data

Trend

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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0.98

0.29

-0.27

-2.02

G Medical Innovations Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Change In Inventory	Get a 7-Day Free Trial							0.03	0.04	-0.31	-3.38	1.36

G Medical Innovations 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-2.02 Mil.

G Medical Innovations Holdings (OTCPK:GMVDF) Change In Inventory Explanation

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

G Medical Innovations 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
	=	1.315	/	-3.505	*	365 / 2
	=	N/A

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

G Medical Innovations Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-3.505	/	1.315
	=	-2.67

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.

G Medical Innovations Holdings's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.315	/	2.196
	=	0.60

G Medical Innovations Holdings Change In Inventory Related Terms

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G Medical Innovations Holdings (G Medical Innovations Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » G Medical Innovations Holdings Ltd (OTCPK:GMVDF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Oppenheimer Street, Rehovot, ISR, 7670105

Website

https://www.gmedinnovations.com

G Medical Innovations Holdings Ltd is a mobile health (mHealth), telemedicine solutions, and monitoring service platforms. It develops and markets clinical and consumer medical-grade health monitoring solutions and offers end-to-end support for e-health projects. The company offers a suite of both consumer and clinical grade products and platforms which are positioned to reduce inefficiencies in healthcare delivery, improve access, reduce costs, increase the quality of care, and make healthcare more personalized and precise. Its operating segment includes Products, Patient Services, and Covid-19 testing. The company generates maximum revenue from the Patient Services segment.

Executives

Awm Investment Company, Inc.

10 percent owner

527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022