NVOS (Novo Integrated Sciences) Change In Inventory: $-0.18 Mil (TTM As of May. 2024)


NVOS Novo Integrated Sciences Inc NVOS
12 GF Score
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What is Novo Integrated Sciences Change In Inventory?

Novo Integrated Sciences NVOS 12 Change In Inventory is $-0.18 Mil as of May. 2024. GuruFocus rates NVOS with a GF Score™ of 12/100.

Novo Integrated Sciences's change in inventory for the quarter that ended in May. 2024 was $-0.17 Mil. It means Novo Integrated Sciences's inventory increased by $0.17 Mil from Feb. 2024 to May. 2024 .

Novo Integrated Sciences's change in inventory for the fiscal year that ended in Aug. 2023 was $-0.26 Mil. It means Novo Integrated Sciences's inventory increased by $0.26 Mil from Aug. 2022 to Aug. 2023 .

Novo Integrated Sciences's Total Inventories for the quarter that ended in May. 2024 was $1.11 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novo Integrated Sciences's Days Inventory for the quarter that ended in May. 2024 was 41.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novo Integrated Sciences's Inventory Turnover for the quarter that ended in May. 2024 was 2.19.

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. Novo Integrated Sciences's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.33.

Novo Integrated Sciences  (OTCPK:NVOS) Change In Inventory Explanation

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

Novo Integrated Sciences's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1.0295/2.255*365 / 4
=41.66

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

Novo Integrated Sciences's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2.255 / 1.0295
=2.19

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.

Novo Integrated Sciences's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.0295 / 3.152
=0.33

* 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.

Novo Integrated Sciences Change In Inventory Related Terms

Novo Integrated Sciences Change In Inventory Historical Data

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The historical data trend for Novo Integrated Sciences'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.

Novo Integrated Sciences Change In Inventory Chart

Novo Integrated Sciences Annual Data
Trend Dec14 Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -0.15 -0.53 -0.26

Novo Integrated Sciences Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 -0.01 -0.16 -0.17 0.32 -0.17
NVOS
12GF Score
Novo Integrated Sciences Inc NVOS
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Novo Integrated Sciences 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 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 $-0.18 Mil mean?
Novo Integrated Sciences (NVOS) has a Change In Inventory of $-0.18 Mil as of May. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Change In Inventory too high?
Novo Integrated Sciences' current Change In Inventory is $-0.18 Mil. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Change In Inventory compare to BACK and NHLG?
Novo Integrated Sciences' Change In Inventory of $-0.18 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 Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current Change In Inventory is $-0.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Change In Inventory of $-0.18 Mil. The current Change In Inventory is $-0.18 Mil. Novo Integrated Sciences' overall GF Score™ is 12/100. 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 Novo Integrated Sciences (NVOS), the current Change In Inventory is $-0.18 Mil as of May. 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.

Novo Integrated Sciences Business Description

Address 11120 NE 2nd Street, Suite 100, Bellevue, WA, USA, 98004
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
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