Innerscope Hearing Technologies (Innerscope Hearing Technologies) Change In Inventory : $0.02 Mil (TTM As of Dec. 2020)

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What is Innerscope Hearing Technologies Change In Inventory?

Innerscope Hearing Technologies's change in inventory for the quarter that ended in Dec. 2020 was $0.00 Mil. It means Innerscope Hearing Technologies's inventory declined by $0.00 Mil from Sep. 2020 to Dec. 2020 .

Innerscope Hearing Technologies's change in inventory for the fiscal year that ended in Dec. 2020 was $0.01 Mil. It means Innerscope Hearing Technologies's inventory declined by $0.01 Mil from Dec. 2019 to Dec. 2020 .

Innerscope Hearing Technologies's Total Inventories for the quarter that ended in Dec. 2020 was $0.01 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innerscope Hearing Technologies's Days Inventory for the quarter that ended in Dec. 2020 was 83.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 was 1.09.

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. Innerscope Hearing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.25.

Innerscope Hearing Technologies Change In Inventory Historical Data

The historical data trend for Innerscope Hearing 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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Innerscope Hearing Technologies Change In Inventory Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Inventory

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-0.09

0.07

0.01

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Change In Inventory	Get a 7-Day Free Trial															0.12	0.01	0.01	-	-

Innerscope Hearing 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 Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.02 Mil.

Innerscope Hearing Technologies (OTCPK:INND) Change In Inventory Explanation

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

Innerscope Hearing 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
	=	0.0055	/	0.006	*	365 / 4
	=	83.65

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

Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.006	/	0.0055
	=	1.09

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.

Innerscope Hearing Technologies's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0055	/	0.022
	=	0.25

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Change In Inventory

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.