Meridian Bioscience (LTS:0K0K) Change In Inventory : $5.2 Mil (TTM As of Sep. 2022)

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What is Meridian Bioscience Change In Inventory?

Meridian Bioscience's change in inventory for the quarter that ended in Sep. 2022 was $0.8 Mil. It means Meridian Bioscience's inventory declined by $0.8 Mil from Jun. 2022 to Sep. 2022 .

Meridian Bioscience's change in inventory for the fiscal year that ended in Sep. 2022 was $5.2 Mil. It means Meridian Bioscience's inventory declined by $5.2 Mil from Sep. 2021 to Sep. 2022 .

Meridian Bioscience's Total Inventories for the quarter that ended in Sep. 2022 was $67.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meridian Bioscience's Days Inventory for the quarter that ended in Sep. 2022 was 198.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meridian Bioscience's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.46.

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. Meridian Bioscience's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 1.05.

Meridian Bioscience Change In Inventory Historical Data

The historical data trend for Meridian Bioscience'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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Meridian Bioscience Change In Inventory Chart

Meridian Bioscience Annual Data

Trend

Sep13

Sep14

Sep15

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Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Change In Inventory

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-1.14

3.84

-18.98

-7.80

5.22

Meridian Bioscience Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Inventory	Get a 7-Day Free Trial															4.03	2.09	2.82	-0.44	0.75

Meridian Bioscience 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.2 Mil.

Meridian Bioscience (LTS:0K0K) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	68.9595	/	31.683	*	365 / 4
	=	198.61

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

Meridian Bioscience's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.683	/	68.9595
	=	0.46

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.

Meridian Bioscience's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.9595	/	65.675
	=	1.05

Meridian Bioscience Change In Inventory Related Terms

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Meridian Bioscience (LTS:0K0K) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Meridian Bioscience Inc (LTS:0K0K) » Definitions » Change In Inventory

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Address

3471 River Hills Drive, Cincinnati, OH, USA, 45244

Website

https://www.meridianbioscience.com

Meridian Bioscience Inc is an integrated life science company. It develops and distributes diagnostic tests and reagents, as well as biologic substances used by pharmaceutical and biotechnology companies. Its Diagnostics segment manufactures tests primarily for gastrointestinal, viral, respiratory, & parasitic infectious diseases. Its testing platforms include isothermal DNA amplification, rapid immunoassays, and enzyme-linked immunoassays. The Life sciences segment sells b-antigens, antibodies, and reagents in bulk to other diagnostic manufacturers, the agriculture industry, and researchers. It also manufactures proteins that biopharmaceutical companies use in new drugs and vaccines. The entity has a business presence in the US and other countries.

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