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OBIMF (Ondine Biomedical) Change In Inventory : $-0.23 Mil (TTM As of Jun. 2024)


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What is Ondine Biomedical Change In Inventory?

Ondine Biomedical's change in inventory for the quarter that ended in Jun. 2024 was $-0.19 Mil. It means Ondine Biomedical's inventory increased by $0.19 Mil from Dec. 2023 to Jun. 2024 .

Ondine Biomedical's change in inventory for the fiscal year that ended in Dec. 2023 was $0.08 Mil. It means Ondine Biomedical's inventory declined by $0.08 Mil from Dec. 2022 to Dec. 2023 .

Ondine Biomedical's Total Inventories for the quarter that ended in Jun. 2024 was $0.94 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ondine Biomedical's Days Inventory for the quarter that ended in Jun. 2024 was 656.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ondine Biomedical's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.28.

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. Ondine Biomedical's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.38.

Ondine Biomedical Change In Inventory Historical Data

The historical data trend for Ondine Biomedical'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.

* Premium members only.

Ondine Biomedical Change In Inventory Chart

Ondine Biomedical Annual Data
Trend Dec08 Dec09 Dec10 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 0.07 -0.53 -0.25 0.08

Ondine Biomedical Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -0.13 -0.12 0.12 -0.04 -0.19

Ondine Biomedical 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.23 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.

Ondine Biomedical  (OTCPK:OBIMF) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.8675/0.241*365 / 2
=656.92

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

Ondine Biomedical's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.241 / 0.8675
=0.28

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.

Ondine Biomedical's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.8675 / 0.627
=1.38

* 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.

Ondine Biomedical Change In Inventory Related Terms

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Ondine Biomedical Business Description

Industry
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Traded in Other Exchanges
OBI:UK
Address
1100 Melville Street, Suite 888, Vancouver, BC, CAN, V6E4A6
Website
https://www.ondinebio.com
Ondine Biomedical Inc is a life sciences company, focusing on the development of photodisinfection-based therapies to provide solutions to drug-resistant infections. The company has created a platform technology called antimicrobial photodynamic disinfection, or photodisinfection, to help prevent and help treat infections across different therapeutic areas in healthcare and industry settings. Canada is the major revenue generator for the group. The company has one reportable operating segment that is antimicrobial photodynamic therapy (aPDT) products.