NEXE Innovations (NEXE Innovations) Change In Inventory : $0.17 Mil (TTM As of Feb. 2024)

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What is NEXE Innovations Change In Inventory?

NEXE Innovations's change in inventory for the quarter that ended in Feb. 2024 was $-0.03 Mil. It means NEXE Innovations's inventory increased by $0.03 Mil from Nov. 2023 to Feb. 2024 .

NEXE Innovations's change in inventory for the fiscal year that ended in May. 2023 was $0.03 Mil. It means NEXE Innovations's inventory declined by $0.03 Mil from May. 2022 to May. 2023 .

NEXE Innovations's Total Inventories for the quarter that ended in Feb. 2024 was $0.50 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NEXE Innovations's Days Inventory for the quarter that ended in Feb. 2024 was 1,527.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. NEXE Innovations's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.06.

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. NEXE Innovations's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 25.55.

NEXE Innovations Change In Inventory Historical Data

The historical data trend for NEXE Innovations'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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NEXE Innovations Change In Inventory Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Change In Inventory

-0.86

0.03

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial													-0.09	0.10	0.07	0.04	-0.03

NEXE Innovations 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.17 Mil.

NEXE Innovations (OTCPK:NEXNF) Change In Inventory Explanation

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

NEXE Innovations's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.4855	/	0.029	*	365 / 4
	=	1,527.65

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

NEXE Innovations's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.029	/	0.4855
	=	0.06

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.

NEXE Innovations's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4855	/	0.019
	=	25.55

NEXE Innovations Change In Inventory Related Terms

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NEXE Innovations (NEXE Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (OTCPK:NEXNF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

NX5:Germany NEXE:Canada

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.