ELXMF (Nova Eye Medical) Inventories, Inventories Adjustments: $-0.78 Mil (As of Jun. 2026)

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ELXMF Nova Eye Medical Ltd ELXMF
52 GF Score
Price $0.01
GF Value $0.02
! 2 Warning Signs
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What is Nova Eye Medical Inventories, Inventories Adjustments?

Nova Eye Medical ELXMF -0.03% 52 Inventories, Inventories Adjustments is $-0.78 Mil as of Jun. 2026. GuruFocus rates ELXMF with a GF Score™ of 52/100 and a GF Value™ of $0.02. The stock has 2 warning signs investors should review.

Nova Eye Medical's Inventories, Inventories Adjustments for the quarter that ended in Jun. 2026 was $-0.78 Mil.

Nova Eye Medical's quarterly Inventories, Inventories Adjustments increased from Jun. 2025 ($-0.77 Mil) to Dec. 2025 ($0.00 Mil) but then declined from Dec. 2025 ($0.00 Mil) to Jun. 2026 ($-0.78 Mil).

Nova Eye Medical's annual Inventories, Inventories Adjustments declined from Jun. 2024 ($0.00 Mil) to Jun. 2025 ($-0.77 Mil) and declined from Jun. 2025 ($-0.77 Mil) to Jun. 2026 ($-0.78 Mil).

Nova Eye Medical Inventories, Inventories Adjustments Historical Data

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The historical data trend for Nova Eye Medical's Inventories, Inventories Adjustments 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.

Nova Eye Medical Inventories, Inventories Adjustments Chart

Nova Eye Medical Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Inventories, Inventories Adjustments
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.77 -0.78

Nova Eye Medical Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Inventories, Inventories Adjustments Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -0.77 0.00 -0.78
ELXMF
52GF Score
Nova Eye Medical Ltd ELXMF
Inventories, Inventories Adjustments is just one metric. See GF Score™, valuation, warning signs, and more.
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Nova Eye Medical Inventories, Inventories Adjustments Calculation

Inventories, Inventories Adjustments represents certain charges made in the current period in inventory resulting from breakage, spoilage, employee theft and shoplifting, etc.

What does a Inventories, Inventories Adjustments of $-0.78 Mil mean?
Nova Eye Medical (ELXMF) has a Inventories, Inventories Adjustments of $-0.78 Mil as of Jun. 2026. Inventories, Inventories Adjustments is certain charges made in the current period in inventory resulting from breakage, spoilage, etc. View historical data on Nova Eye Medical and its competitors.
Is Nova Eye Medical's Inventories, Inventories Adjustments too high?
Nova Eye Medical's current Inventories, Inventories Adjustments is $-0.78 Mil. Overall, Nova Eye Medical has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Nova Eye Medical's Inventories, Inventories Adjustments compare to ABT and SYK?
Nova Eye Medical's Inventories, Inventories Adjustments of $-0.78 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Inventories Adjustments for a Medical Devices & Instruments company?
A good Inventories, Inventories Adjustments depends on the Medical Devices & Instruments industry context. However, Inventories, Inventories Adjustments should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Inventories Adjustments mean?
A high Inventories, Inventories Adjustments can signal that a stock is expensive relative to its fundamentals. Inventories, Inventories Adjustments is certain charges made in the current period in inventory resulting from breakage, spoilage, etc. View historical data on Nova Eye Medical and its competitors. Nova Eye Medical's current Inventories, Inventories Adjustments is $-0.78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Eye Medical stock overvalued right now?
Nova Eye Medical (ELXMF) has a current Inventories, Inventories Adjustments of $-0.78 Mil. The stock's GF Value™ is $0.02, compared to a current price of $0.01 — trading 28.5% below its estimated fair value. The current Inventories, Inventories Adjustments is $-0.78 Mil. Nova Eye Medical's overall GF Score™ is 52/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Inventories Adjustments calculated?
Inventories, Inventories Adjustments is calculated from a company's financial statements. For Nova Eye Medical (ELXMF), the current Inventories, Inventories Adjustments is $-0.78 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nova Eye Medical (ELXMF) Overvalued in 2026?

Based on GuruFocus' analysis, Nova Eye Medical stock appears to be undervalued. The current stock price of $0.01 is trading 28.5% below its estimated GF Value™ of $0.02.

Key valuation signals for ELXMF:

  • Inventories, Inventories Adjustments: $-0.78 Mil
  • GF Value™: $0.02 vs. price of $0.01 (28.5% below fair value)
  • GF Score™: 52/100 with 2 warning signs

No single metric tells the full story. See the ELXMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nova Eye Medical Business Description

Other Exchanges EYE:Australia
Address 107 Rundle Street, Kent Town, Adelaide, SA, AUS, 5067
Nova Eye Medical Ltd develops and sells surgical devices for the treatment of glaucoma, a cause of blindness. In addition, the company is involved in the commercialisation of the subthreshold nano-pulse ophthalmic laser, 2RT, for the treatment of retinal disease via the AlphaRET segment. The company's reportable segments are: Glaucoma Surgical Devices and AlphaRET. The majority of its revenue is generated from the Glaucoma Surgical Devices segment, which is involved in the design, manufacture, marketing, and sale of the iTrack, iTrack Advance, and the Molteno3 glaucoma surgical device. These are all single-use surgical devices. Geographically, the company generates maximum revenue from the United States of America, followed by Europe, the Asia Pacific, Other regions, and Australia.
52GF Score

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Inventories, Inventories Adjustments is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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