Viemed Healthcare (TSX:VMD) Change In Inventory : C$-0.4 Mil (TTM As of Mar. 2024)

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What is Viemed Healthcare Change In Inventory?

Viemed Healthcare's change in inventory for the quarter that ended in Mar. 2024 was C$0.4 Mil. It means Viemed Healthcare's inventory declined by C$0.4 Mil from Dec. 2023 to Mar. 2024 .

Viemed Healthcare's change in inventory for the fiscal year that ended in Dec. 2023 was C$-0.6 Mil. It means Viemed Healthcare's inventory increased by C$0.6 Mil from Dec. 2022 to Dec. 2023 .

Viemed Healthcare's Total Inventories for the quarter that ended in Mar. 2024 was C$5.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viemed Healthcare's Days Inventory for the quarter that ended in Mar. 2024 was 19.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Viemed Healthcare's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.65.

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. Viemed Healthcare's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Viemed Healthcare Change In Inventory Historical Data

The historical data trend for Viemed Healthcare'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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Viemed Healthcare Change In Inventory Chart

Viemed Healthcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.40

-2.95

-0.27

0.41

-0.63

Viemed Healthcare 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															0.17	-0.59	-0.26	0.06	0.38

Viemed Healthcare 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 C$-0.4 Mil.

Viemed Healthcare (TSX:VMD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.048	/	28.143	*	365 / 4
	=	19.61

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.143	/	6.048
	=	4.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.048	/	68.483
	=	0.09

Viemed Healthcare Change In Inventory Related Terms

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Viemed Healthcare (TSX:VMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Viemed Healthcare Inc (TSX:VMD) » Definitions » Change In Inventory

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VMD:USA VIJ:Germany

Address

625 E. Kaliste Saloom Road, Lafayette, LA, USA, 70508

Website

https://www.viemed.com

Viemed Healthcare Inc is a provider of equipment and home therapy to patients with respiratory disease, oxygen problems, sleep apnea and PAP treatment. The company also provides services such as respiratory disease management, neuromuscular care, in-home sleep testing and sleep apnea treatment, oxygen therapy, respiratory equipment rentals, and healthcare staffing services.