WRAP (Wrap Technologies) Change In Inventory : $-0.97 Mil (TTM As of Sep. 2024)

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What is Wrap Technologies Change In Inventory?

Wrap Technologies's change in inventory for the quarter that ended in Sep. 2024 was $0.18 Mil. It means Wrap Technologies's inventory declined by $0.18 Mil from Jun. 2024 to Sep. 2024 .

Wrap Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was $-2.22 Mil. It means Wrap Technologies's inventory increased by $2.22 Mil from Dec. 2022 to Dec. 2023 .

Wrap Technologies's Total Inventories for the quarter that ended in Sep. 2024 was $6.31 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wrap Technologies's Days Inventory for the quarter that ended in Sep. 2024 was 1,631.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wrap Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.06.

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. Wrap Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 10.79.

Wrap Technologies Change In Inventory Historical Data

The historical data trend for Wrap Technologies'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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Wrap Technologies Change In Inventory Chart

Wrap Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.89

-0.34

0.56

-2.41

-2.22

Wrap Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															0.77	-0.44	-0.58	-0.12	0.18

Wrap Technologies 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.97 Mil.

Wrap Technologies (NAS:WRAP) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.4	/	0.358	*	365 / 4
	=	1,631.28

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

Wrap Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.358	/	6.4
	=	0.06

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.

Wrap Technologies's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.4	/	0.593
	=	10.79

Wrap Technologies Change In Inventory Related Terms

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Wrap Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wrap Technologies Inc (NAS:WRAP) » Definitions » Change In Inventory

Comparable Companies

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Address

1817 West 4th Street, Tempe, AZ, USA, 85281

Website

https://www.wrap.com

Wrap Technologies Inc offers public safety technologies and services. The firm develops policing solutions to law enforcement and security personnel. Its BolaWRAP 150 Remote Restraint device is a patented, hand-held tool that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. The group operates in the Americas, Europe, the Middle East, Africa and the Asia Pacific.

Executives

Elwood G Norris	10 percent owner	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Kevin W Mullins	officer: PRESIDENT	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Timothy Szymanski	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Rajiv Srinivasan	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Christopher James Dealmeida	officer: Chief Financial Officer	1817 W 4TH STREET, TEMPE AZ 85281
Bruce Bernstein	director	780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017
Marc Savas	director	8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046
Tj Kennedy	director	400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415
Scot Cohen	director, officer: Executive Chairman, Secretary	20 EAST 20TH ST., APT. 6, NEW YORK NY 10003
Kevin Charles Sherman	director	1730 BLAKE ST STE 305, DENVER CO 80202
Glenn M Hickman	officer: CHIEF OPERATING OFFICER	C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281
Varner Leo William Jr.	officer: INTERIM CEO	400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339
James A Barnes	director, officer: President and CFO	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Thomas P Smith	officer: PRESIDENT	7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
David G Norris	director, officer: President	C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277