Cover (COVCF) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is Cover Change In Inventory?

Cover's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Cover's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Cover's change in inventory for the fiscal year that ended in Mar. 2024 was $-4.4 Mil. It means Cover's inventory increased by $4.4 Mil from Mar. 2023 to Mar. 2024 .

Cover's Total Inventories for the quarter that ended in Dec. 2023 was $5.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cover's Days Inventory for the quarter that ended in Dec. 2023 was 16.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cover's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.70.

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. Cover's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Cover Change In Inventory Historical Data

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

Cover Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Change In Inventory

-0.34

-1.72

-0.61

-4.42

Cover Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Cover 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Cover (OTCPK:COVCF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.62	/	26.334	*	365 / 4
	=	16.01

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

Cover's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.334	/	4.62
	=	5.70

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.

Cover's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.62	/	48.265
	=	0.10

Cover Change In Inventory Related Terms

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Cover (COVCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (OTCPK:COVCF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

5253:Japan

Address

1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.cover-corp.com

Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (COVCF) Headlines

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