REII (Renewable Innovations) Change In Inventory : $-0.21 Mil (TTM As of Feb. 2023)

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What is Renewable Innovations Change In Inventory?

Renewable Innovations's change in inventory for the quarter that ended in Feb. 2023 was $-0.21 Mil. It means Renewable Innovations's inventory increased by $0.21 Mil from Nov. 2022 to Feb. 2023 .

Renewable Innovations's change in inventory for the fiscal year that ended in Nov. 2022 was $0.07 Mil. It means Renewable Innovations's inventory declined by $0.07 Mil from Nov. 2021 to Nov. 2022 .

Renewable Innovations's Total Inventories for the quarter that ended in Feb. 2023 was $0.56 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Renewable Innovations's Days Inventory for the quarter that ended in Feb. 2023 was 69.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Renewable Innovations's Inventory Turnover for the quarter that ended in Feb. 2023 was 1.31.

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. Renewable Innovations's Inventory-to-Revenue for the quarter that ended in Feb. 2023 was 0.41.

Renewable Innovations Change In Inventory Historical Data

The historical data trend for Renewable 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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Renewable Innovations Change In Inventory Chart

Renewable Innovations Annual Data

Trend

Nov20

Nov21

Nov22

Change In Inventory

-0.42

0.07

Renewable Innovations Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Change In Inventory	Get a 7-Day Free Trial								0.22	-	-	-	-0.21

Renewable 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.21 Mil.

Renewable Innovations (OTCPK:REII) Change In Inventory Explanation

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

Renewable 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
	=	0.454	/	0.594	*	365 / 4
	=	69.74

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

Renewable Innovations's Inventory Turnover for the quarter that ended in Feb. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.594	/	0.454
	=	1.31

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.

Renewable Innovations's Inventory to Revenue for the quarter that ended in Feb. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.454	/	1.099
	=	0.41

Renewable Innovations Change In Inventory Related Terms

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Renewable Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renewable Innovations Inc (OTCPK:REII) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

588 West 400 South, Suite 110, Lindon, UT, USA, 84042

Website

https://www.renewable-innovations.com

Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.

Executives

Lynn Bagley Barney	director, 10 percent owner, officer: CFO, Sec, Director	1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount	director, 10 percent owner, officer: CEO, Pres, Director	752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod	director, officer: President	129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja	officer: Treasurer and Secretary	151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan	director, officer: Chief Executive Officer	C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331