Heart Test Laboratories (Heart Test Laboratories) Change In Inventory : $0.01 Mil (TTM As of Jan. 2024)

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What is Heart Test Laboratories Change In Inventory?

Heart Test Laboratories's change in inventory for the quarter that ended in Jan. 2024 was $0.01 Mil. It means Heart Test Laboratories's inventory declined by $0.01 Mil from Oct. 2023 to Jan. 2024 .

Heart Test Laboratories's change in inventory for the fiscal year that ended in Apr. 2023 was $-0.00 Mil. It means Heart Test Laboratories's inventory increased by $0.00 Mil from Apr. 2022 to Apr. 2023 .

Heart Test Laboratories's Total Inventories for the quarter that ended in Jan. 2024 was $0.67 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heart Test Laboratories's Days Inventory for the quarter that ended in Jan. 2024 was 12,273.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heart Test Laboratories's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.01.

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. Heart Test Laboratories's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 44.83.

Heart Test Laboratories Change In Inventory Historical Data

The historical data trend for Heart Test Laboratories'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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Heart Test Laboratories Change In Inventory Chart

Heart Test Laboratories Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Change In Inventory

0.15

0.11

0.08

Heart Test Laboratories Quarterly Data
	Apr20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial									-	-	-	-	0.01

Heart Test Laboratories 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.01 Mil.

Heart Test Laboratories (NAS:HSCS) Change In Inventory Explanation

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

Heart Test Laboratories's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.6725	/	0.005	*	365 / 4
	=	12,273.13

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

Heart Test Laboratories's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.005	/	0.6725
	=	0.01

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.

Heart Test Laboratories's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.6725	/	0.015
	=	44.83

Heart Test Laboratories Change In Inventory Related Terms

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Heart Test Laboratories (Heart Test Laboratories) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Heart Test Laboratories Inc (NAS:HSCS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Reserve Street, Suite 360, Southlake, TX, USA, 76092

Website

https://www.heartsciences.com

Heart Test Laboratories Inc is a medical technology company focused on applying innovative AI-based technology to an ECG to expand and improve an ECG's clinical usefulness. The objective of the company is to make an ECG a far more valuable cardiac screening tool, particularly in frontline or point-of-care clinical settings.

Executives

David R. Wells	director	2801 OCEAN PARK BLVD., SUITE 339, SANTA MONICA CA 90405
Bruce Bent	director	750 BONHAM PARKWAY, LANTANA TX 76226
Mark T Hilz	director, officer: See Remarks	3301 DAKOTA DRIVE, NORTHLAKE TX 76226
Patrick Kanouff	director	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Brian Szymczak	director	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Danielle Watson	officer: See Remarks	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Andrew Simpson	director, officer: See Remarks	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092