QHSLab (QHSLab) Change In Inventory : $-0.01 Mil (TTM As of Mar. 2024)

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What is QHSLab Change In Inventory?

QHSLab's change in inventory for the quarter that ended in Mar. 2024 was $-0.01 Mil. It means QHSLab's inventory increased by $0.01 Mil from Dec. 2023 to Mar. 2024 .

QHSLab's change in inventory for the fiscal year that ended in Dec. 2023 was $0.03 Mil. It means QHSLab's inventory declined by $0.03 Mil from Dec. 2022 to Dec. 2023 .

QHSLab's Total Inventories for the quarter that ended in Mar. 2024 was $0.04 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QHSLab's Days Inventory for the quarter that ended in Mar. 2024 was 13.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. QHSLab's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.55.

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. QHSLab's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

QHSLab Change In Inventory Historical Data

The historical data trend for QHSLab'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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QHSLab Change In Inventory Chart

QHSLab Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.10

0.03

0.01

0.03

QHSLab 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															0.03	-0.01	-	0.01	-0.01

QHSLab 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 $-0.01 Mil.

QHSLab (OTCPK:USAQ) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.031	/	0.203	*	365 / 4
	=	13.93

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.203	/	0.031
	=	6.55

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.031	/	0.489
	=	0.06

QHSLab Change In Inventory Related Terms

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QHSLab (QHSLab) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » QHSLab Inc (OTCPK:USAQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Northpoint Parkway, Suite 302, West Palm Beach, FL, USA, 33407

Website

https://www.qhslab.com

QHSLab Inc is a medical device company providing digital healthcare solutions and point-of-care-diagnostic tests to primary care physicians. It is a medical device technology and software as a service (SaaS) company focused on enabling primary care physicians (PCPs) to increase their revenues by providing them with relevant, value-based tools to evaluate and treat chronic disease as well as provide preventive care through reimbursable procedures.

Executives

Troy James Grogan	director, 10 percent owner, officer: CEO/Director	5480 N OCEAN DR B1D, SINGER ISLAND FL 33404
Richard J Rubin	director, 10 percent owner, officer: CEO & Chairman	90 JOHN STREET, SUITE 626, NEW YORK NY 10038