Novus Acquisition & Development (Novus Acquisition & Development) Change In Inventory : $0.00 Mil (TTM As of Sep. 2023)

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What is Novus Acquisition & Development Change In Inventory?

Novus Acquisition & Development's change in inventory for the quarter that ended in Sep. 2023 was $0.00 Mil. It means Novus Acquisition & Development's inventory stayed the same from Sep. 2022 to Sep. 2023 .

Novus Acquisition & Development's change in inventory for the fiscal year that ended in . 20 was $0.00 Mil. It means Novus Acquisition & Development's inventory stayed the same from . 20 to . 20 .

Novus Acquisition & Development's Total Inventories for the quarter that ended in Sep. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novus Acquisition & Development's Days Inventory for the quarter that ended in Sep. 2023 was 0.00.

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

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. Novus Acquisition & Development's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Novus Acquisition & Development Change In Inventory Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Change In Inventory Chart

Novus Acquisition & Development Annual Data

Trend

Change In Inventory

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Change In Inventory	-	-

Novus Acquisition & Development 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Novus Acquisition & Development (OTCPK:NDEV) Change In Inventory Explanation

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

Novus Acquisition & Development'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	/	0.026	*	365 / 4
	=	0.00

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

Novus Acquisition & Development's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.026	/	0
	=	N/A

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.

Novus Acquisition & Development's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.086
	=	0.00

Novus Acquisition & Development Change In Inventory Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.