Novan (NOVNW) Change In Inventory : $-0.17 Mil (TTM As of Mar. 2023)

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What is Novan Change In Inventory?

Novan's change in inventory for the quarter that ended in Mar. 2023 was $0.08 Mil. It means Novan's inventory declined by $0.08 Mil from Dec. 2022 to Mar. 2023 .

Novan's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.02 Mil. It means Novan's inventory increased by $0.02 Mil from Dec. 2021 to Dec. 2022 .

Novan's Total Inventories for the quarter that ended in Mar. 2023 was $1.12 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novan's Days Inventory for the quarter that ended in Mar. 2023 was 82.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novan's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.11.

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. Novan's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.39.

Novan Change In Inventory Historical Data

The historical data trend for Novan'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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Novan Change In Inventory Chart

Novan Annual Data

Trend

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Dec22

Change In Inventory

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-0.02

Novan Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															0.23	-0.08	-0.03	-0.14	0.08

Novan 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.17 Mil.

Novan (OTCPK:NOVNW) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.156	/	1.285	*	365 / 4
	=	82.09

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

Novan's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.285	/	1.156
	=	1.11

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.

Novan's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.156	/	2.996
	=	0.39

Novan Change In Inventory Related Terms

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Novan Business Description

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Address

P.O. Box 64, Pittsboro, NC, USA, 27312

Website

https://www.novan.com

NVN Liquidation Inc Formerly Novan Inc is a dermatology company focused on developing and commercializing therapeutic products for skin diseases. It is developing SB206 as a topical prescription gel for the treatment of viral skin infections. The company's product portfolio includes; Wynzora Cream for the treatment of plaque psoriasis, Rhofade cream for the treatment of persistent facial erythema, Minolira tablets to treat inflammatory lesions of non-nodular moderate to severe acne vulgaris in patients, Cloderm cream for the relief of the inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses, Sitavig tablets for the treatment of recurrent herpes labialis in immunocompetent adults, and Nuvail nail solution for managing signs and symptoms of nail dystrophy.