Maris Tech (Maris Tech) Change In Inventory : $-0.98 Mil (TTM As of Dec. 2023)

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What is Maris Tech Change In Inventory?

Maris Tech's change in inventory for the quarter that ended in Dec. 2023 was $-0.57 Mil. It means Maris Tech's inventory increased by $0.57 Mil from Jun. 2023 to Dec. 2023 .

Maris Tech's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.98 Mil. It means Maris Tech's inventory increased by $0.98 Mil from Dec. 2022 to Dec. 2023 .

Maris Tech's Total Inventories for the quarter that ended in Dec. 2023 was $1.96 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maris Tech's Days Inventory for the quarter that ended in Dec. 2023 was 209.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Maris Tech's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

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. Maris Tech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Maris Tech Change In Inventory Historical Data

The historical data trend for Maris Tech'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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Maris Tech Change In Inventory Chart

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.01

0.10

-0.14

-0.59

-0.98

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial				-0.10	-0.14	-0.45	-0.40	-0.57

Maris Tech 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 semi-annually data reported by the company within the most recent 12 months, which was $-0.98 Mil.

Maris Tech (NAS:MTEK) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.673	/	1.459	*	365 / 2
	=	209.27

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.459	/	1.673
	=	0.87

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.673	/	3.557
	=	0.47

Maris Tech Change In Inventory Related Terms

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Maris Tech (Maris Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution and sharing solutions and products, using high-end digital video, audio and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.