NMXS (Net Medical Xpress Solutions) Change In Inventory: $-0.05 Mil (TTM As of Mar. 2024)

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What is Net Medical Xpress Solutions Change In Inventory?

Net Medical Xpress Solutions NMXS +0.14% Change In Inventory is $-0.05 Mil as of Mar. 2024.

Net Medical Xpress Solutions's change in inventory for the quarter that ended in Mar. 2024 was $0.01 Mil. It means Net Medical Xpress Solutions's inventory declined by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Net Medical Xpress Solutions's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.07 Mil. It means Net Medical Xpress Solutions's inventory increased by $0.07 Mil from Dec. 2022 to Dec. 2023 .

Net Medical Xpress Solutions's Total Inventories for the quarter that ended in Mar. 2024 was $0.15 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Net Medical Xpress Solutions's Days Inventory for the quarter that ended in Mar. 2024 was 254.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Net Medical Xpress Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.36.

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. Net Medical Xpress Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 51.17.

Net Medical Xpress Solutions  (OTCPK:NMXS) Change In Inventory Explanation

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

Net Medical Xpress Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.1535/0.055*365 / 4
=254.67

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

Net Medical Xpress Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.055 / 0.1535
=0.36

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.

Net Medical Xpress Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.1535 / 0.003
=51.17

* 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.

Net Medical Xpress Solutions Change In Inventory Related Terms

Net Medical Xpress Solutions Change In Inventory Historical Data

* Premium members only.

The historical data trend for Net Medical Xpress Solutions'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.

Net Medical Xpress Solutions Change In Inventory Chart

Net Medical Xpress Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.03 -0.00 -0.08 -0.07

Net Medical Xpress Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.07 0.00 0.01 0.01

Net Medical Xpress Solutions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.05 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.05 Mil mean?
Net Medical Xpress Solutions (NMXS) has a Change In Inventory of $-0.05 Mil as of Mar. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Net Medical Xpress Solutions and its competitors.
Is Net Medical Xpress Solutions' Change In Inventory too high?
Net Medical Xpress Solutions' current Change In Inventory is $-0.05 Mil.
How does Net Medical Xpress Solutions' Change In Inventory compare to TVMD and UCBB?
Net Medical Xpress Solutions' Change In Inventory of $-0.05 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Healthcare Providers & Services company?
A good Change In Inventory depends on the Healthcare Providers & Services industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Net Medical Xpress Solutions and its competitors. Net Medical Xpress Solutions's current Change In Inventory is $-0.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Medical Xpress Solutions stock overvalued right now?
Net Medical Xpress Solutions (NMXS) has a current Change In Inventory of $-0.05 Mil. The current Change In Inventory is $-0.05 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Net Medical Xpress Solutions (NMXS), the current Change In Inventory is $-0.05 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Net Medical Xpress Solutions Business Description

Address 8206 Louisiana Boulevard NE, Suite A, Albuquerque, NM, USA, 87113
Net Medical Xpress Solutions Inc is engaged in providing solutions to the telemedicine industry which deliver medical laboratory services. It offers proprietary software that links electronic medical records while enabling state-of-the-art conferencing and communications. The company's mobile fleet of vans is utilized to provide sales support for its clinical research organization. It also offers call centers, proprietary hardware implementations, diagnostic and clinical services, and software research and development capabilities.