Grom Social Enterprises (Grom Social Enterprises) Change In Inventory : $0.78 Mil (TTM As of Mar. 2024)

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What is Grom Social Enterprises Change In Inventory?

Grom Social Enterprises's change in inventory for the quarter that ended in Mar. 2024 was $0.01 Mil. It means Grom Social Enterprises's inventory declined by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Grom Social Enterprises's change in inventory for the fiscal year that ended in Dec. 2023 was $0.77 Mil. It means Grom Social Enterprises's inventory declined by $0.77 Mil from Dec. 2022 to Dec. 2023 .

Grom Social Enterprises's Total Inventories for the quarter that ended in Mar. 2024 was $0.05 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grom Social Enterprises's Days Inventory for the quarter that ended in Mar. 2024 was 6.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grom Social Enterprises's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.91.

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. Grom Social Enterprises's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Grom Social Enterprises Change In Inventory Historical Data

The historical data trend for Grom Social Enterprises'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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Grom Social Enterprises Change In Inventory Chart

Grom Social Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.02

0.02

-0.01

0.77

Grom Social Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.01	0.01	0.04	0.72	0.01

Grom Social Enterprises 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.78 Mil.

Grom Social Enterprises (NAS:GROM) Change In Inventory Explanation

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

Grom Social Enterprises's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.044	/	0.612	*	365 / 4
	=	6.56

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

Grom Social Enterprises's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.612	/	0.044
	=	13.91

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.

Grom Social Enterprises's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.044	/	0.874
	=	0.05

Grom Social Enterprises Change In Inventory Related Terms

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Grom Social Enterprises (Grom Social Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Grom Social Enterprises Inc (NAS:GROM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431

Website

https://www.gromsocial.com

Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams	officer: CFO, Secretary and Treasurer	1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens	director	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal	director	14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing	officer: President of TD Holdings Ltd.	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford	director	16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera	officer: CEO and CFO	2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews	officer: Chief Operating Officer	4721 NW 27TH AVENUE, BOCA RATON FL 33434