GRDN (Guardian Pharmacy Services) Change In Inventory : $-4.5 Mil (TTM As of Sep. 2024)

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What is Guardian Pharmacy Services Change In Inventory?

Guardian Pharmacy Services's change in inventory for the quarter that ended in Sep. 2024 was $-5.3 Mil. It means Guardian Pharmacy Services's inventory increased by $5.3 Mil from Jun. 2024 to Sep. 2024 .

Guardian Pharmacy Services's change in inventory for the fiscal year that ended in Dec. 2023 was $4.4 Mil. It means Guardian Pharmacy Services's inventory declined by $4.4 Mil from Dec. 2022 to Dec. 2023 .

Guardian Pharmacy Services's Total Inventories for the quarter that ended in Sep. 2024 was $45.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guardian Pharmacy Services's Days Inventory for the quarter that ended in Sep. 2024 was 15.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guardian Pharmacy Services's Inventory Turnover for the quarter that ended in Sep. 2024 was 6.01.

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. Guardian Pharmacy Services's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.13.

Guardian Pharmacy Services Change In Inventory Historical Data

The historical data trend for Guardian Pharmacy Services'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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Guardian Pharmacy Services Change In Inventory Chart

Guardian Pharmacy Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.05

0.38

-0.24

-8.12

4.43

Guardian Pharmacy Services Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial														1.62	-3.84	0.86	-	-5.32

Guardian Pharmacy Services 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.5 Mil.

Guardian Pharmacy Services (NYSE:GRDN) Change In Inventory Explanation

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

Guardian Pharmacy Services's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	42.196	/	253.515	*	365 / 4
	=	15.19

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

Guardian Pharmacy Services's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	253.515	/	42.196
	=	6.01

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.

Guardian Pharmacy Services's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.196	/	314.393
	=	0.13

Guardian Pharmacy Services Change In Inventory Related Terms

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Guardian Pharmacy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Guardian Pharmacy Services Inc (NYSE:GRDN) » Definitions » Change In Inventory

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Address

300 Galleria Parkway SE, Suite 800, Atlanta, GA, USA, 30339

Website

https://www.guardianpharmacy.com

Guardian Pharmacy Services Inc is a leading, highly differentiated pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of LTCFs adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes. The company emphasizes high-touch, individualized clinical, drug dispensing and administration capabilities that are tailored to serve the needs of residents in historically lower acuity LTCFs, such as ALFs, and .BHFs.