MEDVF (Medivolve) Change In Inventory: $-0.13 Mil (TTM As of Mar. 2024)

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What is Medivolve Change In Inventory?

Medivolve MEDVF -99.00% Change In Inventory is $-0.13 Mil as of Mar. 2024.

Medivolve's change in inventory for the quarter that ended in Mar. 2024 was $-0.00 Mil. It means Medivolve's inventory increased by $0.00 Mil from Dec. 2023 to Mar. 2024 .

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

Medivolve's Total Inventories for the quarter that ended in Mar. 2024 was $0.03 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medivolve's Days Inventory for the quarter that ended in Mar. 2024 was 130.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Medivolve's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

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. Medivolve's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Medivolve  (OTCPK:MEDVF) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.0285/0.02*365 / 4
=130.03

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

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.02 / 0.0285
=0.70

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.0285 / 0.214
=0.13

* 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.

Medivolve Change In Inventory Related Terms

Medivolve Change In Inventory Historical Data

* Premium members only.

The historical data trend for Medivolve'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.

Medivolve Change In Inventory Chart

Medivolve Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -0.08 -0.06 0.03 0.09

Medivolve 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.03 -0.01 -0.15 -0.00

Medivolve 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.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.13 Mil mean?
Medivolve (MEDVF) has a Change In Inventory of $-0.13 Mil as of Mar. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Medivolve and its competitors.
Is Medivolve's Change In Inventory too high?
Medivolve's current Change In Inventory is $-0.13 Mil.
How does Medivolve's Change In Inventory compare to DMTKQ and TMO?
Medivolve's Change In Inventory of $-0.13 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Medical Diagnostics & Research company?
A good Change In Inventory depends on the Medical Diagnostics & Research industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Medivolve and its competitors. Medivolve's current Change In Inventory is $-0.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medivolve stock overvalued right now?
Medivolve (MEDVF) has a current Change In Inventory of $-0.13 Mil. The current Change In Inventory is $-0.13 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Medivolve (MEDVF), the current Change In Inventory is $-0.13 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Medivolve Business Description

Address 198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Medivolve Inc is a healthcare technology and services company. It is engaged in finding and developing disruptive technologies, groundbreaking innovations, and partnerships to help combat COVID-19 and transform human health management. The company operated one reportable segment, the COVID Testing facilities across the United States Of America.