Microbix Biosystems (Microbix Biosystems) Change In Inventory : $-0.03 Mil (TTM As of Dec. 2023)

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What is Microbix Biosystems Change In Inventory?

Microbix Biosystems's change in inventory for the quarter that ended in Dec. 2023 was $-0.29 Mil. It means Microbix Biosystems's inventory increased by $0.29 Mil from Sep. 2023 to Dec. 2023 .

Microbix Biosystems's change in inventory for the fiscal year that ended in Sep. 2023 was $-0.35 Mil. It means Microbix Biosystems's inventory increased by $0.35 Mil from Sep. 2022 to Sep. 2023 .

Microbix Biosystems's Total Inventories for the quarter that ended in Dec. 2023 was $4.58 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Microbix Biosystems's Days Inventory for the quarter that ended in Dec. 2023 was 247.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Microbix Biosystems's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

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. Microbix Biosystems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Microbix Biosystems Change In Inventory Historical Data

The historical data trend for Microbix Biosystems'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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Microbix Biosystems Change In Inventory Chart

Microbix Biosystems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-0.03

0.14

-0.09

-0.66

-0.35

Microbix Biosystems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.59	-0.56	0.61	0.22	-0.29

Microbix Biosystems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Microbix Biosystems (OTCPK:MBXBF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.4155	/	1.629	*	365 / 4
	=	247.34

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

Microbix Biosystems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.629	/	4.4155
	=	0.37

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.

Microbix Biosystems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.4155	/	6.267
	=	0.70

Microbix Biosystems Change In Inventory Related Terms

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Microbix Biosystems (Microbix Biosystems) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Microbix Biosystems Inc (OTCPK:MBXBF) » Definitions » Change In Inventory

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MBX:Canada

Address

265 Watline Avenue, Mississauga, ON, CAN, L4Z 1P3

Website

https://www.microbix.com

Microbix Biosystems Inc develops biological products and technologies. The company manufactures and develops cell culture-based biological products and technologies. It has developed and acquired two technologies; Kinlytic and LumiSort. The company's operating segment includes Antigen, QAPs DxTM and Other Includes Kinlytic. It generates maximum revenue from the Antigen QAPs segment. Geographically, it derives a majority of revenue from North America.

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