Icecure Medical (Icecure Medical) Change In Inventory : $0.82 Mil (TTM As of Mar. 2024)

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What is Icecure Medical Change In Inventory?

Icecure Medical's change in inventory for the quarter that ended in Mar. 2024 was $0.16 Mil. It means Icecure Medical's inventory declined by $0.16 Mil from Dec. 2023 to Mar. 2024 .

Icecure Medical's change in inventory for the fiscal year that ended in Dec. 2023 was $0.58 Mil. It means Icecure Medical's inventory declined by $0.58 Mil from Dec. 2022 to Dec. 2023 .

Icecure Medical's Total Inventories for the quarter that ended in Mar. 2024 was $2.11 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Icecure Medical's Days Inventory for the quarter that ended in Mar. 2024 was 422.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Icecure Medical's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.

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. Icecure Medical's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.95.

Icecure Medical Change In Inventory Historical Data

The historical data trend for Icecure Medical'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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Icecure Medical Change In Inventory Chart

Icecure Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.01

-0.39

-0.89

-0.90

0.58

Icecure Medical Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.07	0.18	0.11	0.37	0.16

Icecure Medical 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 $0.82 Mil.

Icecure Medical (NAS:ICCM) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.193	/	0.474	*	365 / 4
	=	422.18

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.474	/	2.193
	=	0.22

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.193	/	0.743
	=	2.95

Icecure Medical Change In Inventory Related Terms

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Icecure Medical (Icecure Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Icecure Medical Ltd (NAS:ICCM) » Definitions » Change In Inventory

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Address

7 Haeshel Street, Southern Industrial Park, PO Box 3163, Caesarea, ISR, 3079504

Website

https://www.icecure-medical.com

Icecure Medical Ltd is a commercial-stage medical device company. The company is engaged in the research, development, and marketing of cryoablation systems and technologies based on liquid nitrogen, or LN2, for treating tumors. Its cryoablation technology is a minimally invasive alternative to surgical intervention, for tumors, including those found in the breast, lungs, kidneys, bones, and other indications.