MLRT (Metalert) Change In Inventory : $0.03 Mil (TTM As of Sep. 2024)

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What is Metalert Change In Inventory?

Metalert's change in inventory for the quarter that ended in Sep. 2024 was $0.00 Mil. It means Metalert's inventory declined by $0.00 Mil from Jun. 2024 to Sep. 2024 .

Metalert's change in inventory for the fiscal year that ended in Dec. 2023 was $0.07 Mil. It means Metalert's inventory declined by $0.07 Mil from Dec. 2022 to Dec. 2023 .

Metalert's Total Inventories for the quarter that ended in Sep. 2024 was $0.23 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Metalert's Days Inventory for the quarter that ended in Sep. 2024 was 624.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Metalert's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.15.

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. Metalert's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 4.35.

Metalert Change In Inventory Historical Data

The historical data trend for Metalert'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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Metalert Change In Inventory Chart

Metalert Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.01

-0.08

0.02

0.03

0.07

Metalert Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															0.03	0.03	-0.01	0.01	-

Metalert 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.03 Mil.

Metalert (OTCPK:MLRT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.226	/	0.033	*	365 / 4
	=	624.92

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

Metalert's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.033	/	0.226
	=	0.15

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.226	/	0.052
	=	4.35

Metalert Change In Inventory Related Terms

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Metalert Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metalert Inc (OTCPK:MLRT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 1214, Los Angeles, CA, USA, 90015

Website

https://www.metalert.com

Metalert Inc is engaged in the designing, development, manufacturing, distribution, and sales of products and services in the GPS and BLE wearable technology personal location and wandering assistive technology business. Its Products and services include GPS SmartSole, Take-Along Tracker 4G, Track My Workforce, Sole Protector for GPS Smart sole, Take-Along Friends & the Invisabelt, Protective Medical devices & supplies, and VeriTap. The company generates revenue from product sales, recurring subscriptions, software, and intellectual property (IP) licensing, fees for custom hardware and software development, professional consulting, and support & maintenance services.

Executives

Louis Martin Rosenbaum	director	117 W. 9TH STREET, #1214, LOS ANGELES CA 90024
Alex Grimes Mckean	officer: Interim CFO	1525 MONTANA AVENUE #C, SANTA MONICA CA 90403
Williams H Murray	officer: Chief Financial Officer	28426 RANCHO GRANDE, LAGUNA NIGUEL CA 92677
Patrick Aroff	director	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Andrew Hamish Duncan	director	117 W 9TH STREET #1214, LOS ANGELES CA 90015
Gregory Jeremiah Provenzano	director	117 W 9TH STREET #1214, LOS ANGELES CA 90015
Multi Media Technology Ventures, Ltd.	10 percent owner	668 N. COAST HWY, STE 191, LAGUNA BEACH CA 92651
Christopher M Walsh	officer: Chief Operations Officer	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Patrick Bertagna	director, officer: President, CEO	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Jeff Sharpe	director, 10 percent owner, officer: President,Secretary,Treasurer	6348 49TH AVENUE, LADNER A1 V4K 5A1