MGTC (Megatech) Change In Inventory: $-0.08 Mil (TTM As of Jun. 2004)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Megatech Change In Inventory?

Megatech MGTC Change In Inventory is $-0.08 Mil as of Jun. 2004.

Megatech's change in inventory for the quarter that ended in Jun. 2004 was $-0.09 Mil. It means Megatech's inventory increased by $0.09 Mil from Mar. 2004 to Jun. 2004 .

Megatech's change in inventory for the fiscal year that ended in Dec. 2003 was $0.42 Mil. It means Megatech's inventory declined by $0.42 Mil from Dec. 2002 to Dec. 2003 .

Megatech's Total Inventories for the quarter that ended in Jun. 2004 was $0.55 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Megatech's Days Inventory for the quarter that ended in Jun. 2004 was 305.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Megatech's Inventory Turnover for the quarter that ended in Jun. 2004 was 0.30.

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. Megatech's Inventory-to-Revenue for the quarter that ended in Jun. 2004 was 1.81.

Megatech  (OTCPK:MGTC) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.509/0.152*365 / 4
=305.57

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

Megatech's Inventory Turnover for the quarter that ended in Jun. 2004 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.152 / 0.509
=0.30

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.

Megatech's Inventory to Revenue for the quarter that ended in Jun. 2004 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.509 / 0.281
=1.81

* 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.

Megatech Change In Inventory Related Terms

Megatech Change In Inventory Historical Data

* Premium members only.

The historical data trend for Megatech'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.

Megatech Change In Inventory Chart

Megatech Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03
Change In Inventory
0.00 0.11 0.03 -0.62 0.42

Megatech Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
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 -0.04 0.01 0.05 -0.05 -0.09

Megatech 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 Jun. 2004 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 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 $-0.08 Mil mean?
Megatech (MGTC) has a Change In Inventory of $-0.08 Mil as of Jun. 2004. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Megatech and its competitors.
Is Megatech's Change In Inventory too high?
Megatech's current Change In Inventory is $-0.08 Mil.
How does Megatech's Change In Inventory compare to NRBT and EVTN?
Megatech's Change In Inventory of $-0.08 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Change In Inventory depends on the Industrial Products 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 Megatech and its competitors. Megatech's current Change In Inventory is $-0.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Megatech stock overvalued right now?
Megatech (MGTC) has a current Change In Inventory of $-0.08 Mil. The current Change In Inventory is $-0.08 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 Megatech (MGTC), the current Change In Inventory is $-0.08 Mil as of Jun. 2004. 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.

Megatech Business Description

Address 525 Woburn Street, Suite 3, Tewksbury, MA, USA, 01876
Megatech Corp manufactures and develops oilless, multi-fueled engines and electric dynamometers. The company offers products in automotive, diesel, hybrid and alternative-fuel technologies. It also provides complete training programs for all areas of ASE certifications.