INVX (Innovex International) Change In Inventory : $-5.9 Mil (TTM As of Sep. 2023)

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What is Innovex International Change In Inventory?

Innovex International's change in inventory for the quarter that ended in Sep. 2023 was $0.0 Mil. It means Innovex International's inventory stayed the same from Dec. 2022 to Sep. 2023 .

Innovex International's change in inventory for the fiscal year that ended in Dec. 2022 was $-44.2 Mil. It means Innovex International's inventory increased by $44.2 Mil from Dec. 2021 to Dec. 2022 .

Innovex International's Total Inventories for the quarter that ended in Sep. 2023 was $140.2 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. Innovex International's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.00.

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.

Innovex International Change In Inventory Historical Data

The historical data trend for Innovex International'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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Innovex International Change In Inventory Chart

Innovex International Annual Data

Trend

Dec21

Dec22

Change In Inventory

-13.95

-44.21

Innovex International Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Change In Inventory	-	-	-5.86	-

Innovex International 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.9 Mil.

Innovex International (NYSE:INVX) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	138.405	/	0	*	365 / 4
	=	N/A

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

Innovex International's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	138.405
	=	0.00

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.

Innovex International's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	138.405	/	0
	=	N/A

Innovex International Change In Inventory Related Terms

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Innovex International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex International Inc (NYSE:INVX) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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