Innovate (Innovate) Change In Inventory : $-0.50 Mil (TTM As of Mar. 2024)

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What is Innovate Change In Inventory?

Innovate's change in inventory for the quarter that ended in Mar. 2024 was $0.60 Mil. It means Innovate's inventory declined by $0.60 Mil from Dec. 2023 to Mar. 2024 .

Innovate's change in inventory for the fiscal year that ended in Dec. 2023 was $-3.50 Mil. It means Innovate's inventory increased by $3.50 Mil from Dec. 2022 to Dec. 2023 .

Innovate's Total Inventories for the quarter that ended in Mar. 2024 was $21.80 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innovate's Days Inventory for the quarter that ended in Mar. 2024 was 7.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovate's Inventory Turnover for the quarter that ended in Mar. 2024 was 12.06.

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. Innovate's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Innovate Change In Inventory Historical Data

The historical data trend for Innovate'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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Innovate Change In Inventory Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.40

-1.90

-3.50

Innovate 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															-2.40	0.60	2.10	-3.80	0.60

Innovate 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 $-0.50 Mil.

Innovate (OTCPK:HCCDZ.PFD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	22.1	/	266.6	*	365 / 4
	=	7.56

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	266.6	/	22.1
	=	12.06

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.1	/	315.2
	=	0.07

Innovate Change In Inventory Related Terms

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Innovate (Innovate) Business Description

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VATE:USA PSTA:Germany

Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

https://www.innovatecorp.com

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.