Milestone Scientific (Milestone Scientific) Change In Inventory : $-1.10 Mil (TTM As of Dec. 2023)

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What is Milestone Scientific Change In Inventory?

Milestone Scientific's change in inventory for the quarter that ended in Dec. 2023 was $-0.30 Mil. It means Milestone Scientific's inventory increased by $0.30 Mil from Sep. 2023 to Dec. 2023 .

Milestone Scientific's change in inventory for the fiscal year that ended in Dec. 2023 was $-1.10 Mil. It means Milestone Scientific's inventory increased by $1.10 Mil from Dec. 2022 to Dec. 2023 .

Milestone Scientific's Total Inventories for the quarter that ended in Dec. 2023 was $2.64 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Milestone Scientific's Days Inventory for the quarter that ended in Dec. 2023 was 311.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Milestone Scientific's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.29.

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. Milestone Scientific's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.13.

Milestone Scientific Change In Inventory Historical Data

The historical data trend for Milestone Scientific'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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Milestone Scientific Change In Inventory Chart

Milestone Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.30

-0.80

0.88

-0.83

-1.10

Milestone Scientific 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															-0.39	-0.25	-0.16	-0.40	-0.30

Milestone Scientific 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 $-1.10 Mil.

Milestone Scientific (AMEX:MLSS) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.5605	/	0.751	*	365 / 4
	=	311.11

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.751	/	2.5605
	=	0.29

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.5605	/	2.261
	=	1.13

Milestone Scientific Change In Inventory Related Terms

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Milestone Scientific (Milestone Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Milestone Scientific Inc (AMEX:MLSS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Eagle Rock Avenue, Roseland, NJ, USA, 07068

Website

https://www.milestonescientific.com

Milestone Scientific Inc is engaged in pioneering proprietary, technological systems, and solutions for the medical and dental markets. It develops, manufactures, markets and sells the computer-controlled system for the improved and painless delivery of local anesthetic. The system is marketed in dentistry under the trademark CompuDent and in medicine under the trademark CompuMed. In addition, the company provides The Wand, a handpiece that allows dentists to provide painless injections for virtually various dental procedures, including routine cleanings and fillings, as well as implants, root canals, and crowns. The Company conducts its business through two reportable segments: Dental and Medical. Geographically all the operations of the firm function through the region of the U.S.

Executives

Peter J Milligan	officer: President	1650 TYSONS BOULEVARD, SUITE 1700, MCLEAN VA 22102
Neal I Goldman	director	170 SOUTHPORT DRIVE, MORRISVILLE NC 27560
Leslie Bernhard	director	C/O ADSTAR, INC., 488 S. ROYAL LANE, COPPELL TX 75019
Benedetta I Casamento	director	200 CAMPUS DRIVE, FLORHAM PARK NJ 07932
Leonard Osser	director, 10 percent owner, officer: CEO
Leonard M Schiller	director
Scott L. Kahn	officer: Chief Financial Officer	425 EAGLE ROCK AVENUE, SUITE 403, ROSELAND NJ 07068
Giandomenico Trombetta	director, 10 percent owner	CORSO VENEZIA 44, MILAN L6 20121
Joseph D'agostino	officer: CFO & COO	C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039
Jan Adriaan Haverhals	officer: President	110 WHITE ROCK ROAD, APT. 3304, VERONA NJ 07044
Brent W Johnston	officer: President	C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE SUITE 102, LIVINGSTON NJ 07039
Michael Mcgeehan	director	C/O MILESTONE SCIENTIFIC INC, LIVINGSTON NJ 07039
Edward J. Zelnick	director	C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039
Daniel S Goldberger	officer: President and CEO	24 CARPENTER ROAD, CHESTER NY 10918
Bp4 S.r.l.	director, 10 percent owner, officer: See Remarks	CORSO VENEZIA 44, MILAN L6 20121