Inspire Veterinary Partners (Inspire Veterinary Partners) Change In Inventory : $0.13 Mil (TTM As of Mar. 2024)

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What is Inspire Veterinary Partners Change In Inventory?

Inspire Veterinary Partners's change in inventory for the quarter that ended in Mar. 2024 was $0.03 Mil. It means Inspire Veterinary Partners's inventory declined by $0.03 Mil from Dec. 2023 to Mar. 2024 .

Inspire Veterinary Partners's change in inventory for the fiscal year that ended in Dec. 2023 was $0.09 Mil. It means Inspire Veterinary Partners's inventory declined by $0.09 Mil from Dec. 2022 to Dec. 2023 .

Inspire Veterinary Partners's Total Inventories for the quarter that ended in Mar. 2024 was $0.55 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inspire Veterinary Partners's Days Inventory for the quarter that ended in Mar. 2024 was 13.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inspire Veterinary Partners's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.67.

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. Inspire Veterinary Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Inspire Veterinary Partners Change In Inventory Historical Data

The historical data trend for Inspire Veterinary Partners'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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Inspire Veterinary Partners Change In Inventory Chart

Inspire Veterinary Partners Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-0.04

-0.23

0.09

Inspire Veterinary Partners Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial					-0.02	-0.10	0.02	0.18	0.03

Inspire Veterinary Partners 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 $0.13 Mil.

Inspire Veterinary Partners (NAS:IVP) Change In Inventory Explanation

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

Inspire Veterinary Partners's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.559	/	3.726	*	365 / 4
	=	13.69

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.726	/	0.559
	=	6.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.559	/	4.832
	=	0.12

Inspire Veterinary Partners Change In Inventory Related Terms

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Inspire Veterinary Partners (Inspire Veterinary Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Inspire Veterinary Partners Inc (NAS:IVP) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Lynnhaven Parkway, Suite 400 Virginia Beach, Virginia, Virginia Beach, VA, USA, 23452

Website

Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States. The company specializes in small animal general practice hospitals which serve all manner of companion pets, emphasizing canine and feline breeds.

Executives

Alexander Lawrence	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Charles Stith Keiser	director, officer: Chief Operating Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Erinn Thomas-mackey	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Kimball Carr	director, officer: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, VA 23452
Peter Lau	director	P.O. BOX 1237, SPRINGDALE AR 72765
Anne Murphy	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Wilderness Trace Veterinary Partners, Llc	other: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Timothy Watters	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Suprock Louis John	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Richard Frank	officer: Chief Financial Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, FL 23452