Movement Industries (Movement Industries) Change In Inventory : $-0.06 Mil (TTM As of Jun. 2023)

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What is Movement Industries Change In Inventory?

Movement Industries's change in inventory for the quarter that ended in Jun. 2023 was $-0.06 Mil. It means Movement Industries's inventory increased by $0.06 Mil from Jun. 2022 to Jun. 2023 .

Movement Industries's change in inventory for the fiscal year that ended in Jun. 2023 was $-0.06 Mil. It means Movement Industries's inventory increased by $0.06 Mil from Jun. 2022 to Jun. 2023 .

Movement Industries's Total Inventories for the quarter that ended in Jun. 2023 was $0.10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movement Industries's Days Inventory for the quarter that ended in Jun. 2023 was 21.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Movement Industries's Inventory Turnover for the quarter that ended in Jun. 2023 was 8.69.

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. Movement Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.08.

Movement Industries Change In Inventory Historical Data

The historical data trend for Movement Industries'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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Movement Industries Change In Inventory Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Change In Inventory

0.03

-0.06

Movement Industries Semi-Annual Data
	Jun22	Jun23
Change In Inventory	0.03	-0.06

Movement Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.06 Mil.

Movement Industries (OTCPK:MVNT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.067	/	0.582	*	365 / 2
	=	21.01

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

Movement Industries's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.582	/	0.067
	=	8.69

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.

Movement Industries's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.067	/	0.868
	=	0.08

Movement Industries Change In Inventory Related Terms

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Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.