Meta Materials (Meta Materials) Change In Inventory : $-0.37 Mil (TTM As of Dec. 2023)

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What is Meta Materials Change In Inventory?

Meta Materials's change in inventory for the quarter that ended in Dec. 2023 was $-0.40 Mil. It means Meta Materials's inventory increased by $0.40 Mil from Sep. 2023 to Dec. 2023 .

Meta Materials's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.37 Mil. It means Meta Materials's inventory increased by $0.37 Mil from Dec. 2022 to Dec. 2023 .

Meta Materials's Total Inventories for the quarter that ended in Dec. 2023 was $0.17 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meta Materials's Days Inventory for the quarter that ended in Dec. 2023 was 13.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meta Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.65.

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. Meta Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Meta Materials Change In Inventory Historical Data

The historical data trend for Meta Materials'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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Meta Materials Change In Inventory Chart

Meta Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.02

-0.11

0.33

-0.32

-0.37

Meta Materials Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial											-0.29	0.01	-0.01	0.03	-0.40

Meta Materials 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 $-0.37 Mil.

Meta Materials (NAS:MMAT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.1455	/	0.967	*	365 / 4
	=	13.73

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.967	/	0.1455
	=	6.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1455	/	2.323
	=	0.06

Meta Materials Change In Inventory Related Terms

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Meta Materials (Meta Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meta Materials Inc (NAS:MMAT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MMAT:Germany

Address

60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9

Website

https://www.metamaterial.com

Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.

Executives

Jennifer K. Cheraso	officer: Chief Human Resources Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
James Macmillan Fusaro	director, officer: Chief Executive Officer	1900 S. PRICE ROAD, CHANDLER AZ 85248
Philippe Morali	director	400 N. MCCARTHY BLVD., MILPITAS CA 94089
Georgios Palikaras	director, 10 percent owner, officer: See Remarks	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9
David Daniel Eaton	officer: Chief Legal Officer	1706 PASEO DE PERALTA, SANTA FE NM 87501
Uzi Sasson	officer: See Remarks	2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Vyomesh Joshi	director	17343 VIA DEL CAMPO, SAN DIEGO CA 92127
Eugenia Corrales	director	C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085
Jonathan Waldern	officer: Chief Technical Officer	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Rice Kenneth L Jr	officer: See Remarks	C/O 85 MAIN STREET, HOPKINTON MA 01748
Thomas Gordon Welch	10 percent owner	47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0
John R Harding	director	C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Steen Karsbo	director	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Michael James Graves	director	5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Anne Barber Lambert	10 percent owner	47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0