Apex Biotechnology (TPE:1733) Change In Inventory : NT$70 Mil (TTM As of Mar. 2024)

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What is Apex Biotechnology Change In Inventory?

Apex Biotechnology's change in inventory for the quarter that ended in Mar. 2024 was NT$45 Mil. It means Apex Biotechnology's inventory declined by NT$45 Mil from Dec. 2023 to Mar. 2024 .

Apex Biotechnology's change in inventory for the fiscal year that ended in Dec. 2023 was NT$-18 Mil. It means Apex Biotechnology's inventory increased by NT$18 Mil from Dec. 2022 to Dec. 2023 .

Apex Biotechnology's Total Inventories for the quarter that ended in Mar. 2024 was NT$695 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apex Biotechnology's Days Inventory for the quarter that ended in Mar. 2024 was 192.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Apex Biotechnology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.47.

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. Apex Biotechnology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.60.

Apex Biotechnology Change In Inventory Historical Data

The historical data trend for Apex Biotechnology'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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Apex Biotechnology Change In Inventory Chart

Apex Biotechnology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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111.97

-9.00

-136.05

-116.67

-17.96

Apex Biotechnology 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															-42.74	9.18	19.51	-3.91	45.28

Apex Biotechnology 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 NT$70 Mil.

Apex Biotechnology (TPE:1733) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	721.225	/	341.126	*	365 / 4
	=	192.93

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

Apex Biotechnology's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	341.126	/	721.225
	=	0.47

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.

Apex Biotechnology's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	721.225	/	450.658
	=	1.60

Apex Biotechnology Change In Inventory Related Terms

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Apex Biotechnology (TPE:1733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Apex Biotechnology Corp (TPE:1733) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7, Li-Hsin 5th Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

https://www.apexbio.com

Apex Biotechnology Corp engages mainly in research, development, production, manufacturing and selling of biochemical testing instruments and its detection strips, and trade of products and components relevant to the core business. The company develops and markets biosensor-based blood glucose monitoring systems. The company manufactures non-invasive diagnostic technologies, IT-based telehealth care and molecular diagnostic and traditional Chinese medicine. Its product offerings include Eclipse plus multipurpose analyzer, Glucosure HT blood glucose monitoring system, HemoSmart GOLD hemoglobin screening system among others.

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